Natixis Advisors LLC Purchases 6,145 Shares of Canadian Imperial Bank of Commerce $CM

Natixis Advisors LLC raised its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 13.2% during the 4th quarter, HoldingsChannel reports. The fund owned 52,645 shares of the bank’s stock after buying an additional 6,145 shares during the quarter. Natixis Advisors LLC’s holdings in Canadian Imperial Bank of Commerce were worth $4,770,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in Canadian Imperial Bank of Commerce in the 3rd quarter valued at approximately $11,217,000. Mackenzie Financial Corp lifted its stake in Canadian Imperial Bank of Commerce by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 6,380,638 shares of the bank’s stock valued at $509,763,000 after acquiring an additional 67,738 shares in the last quarter. Legal & General Group Plc lifted its stake in Canadian Imperial Bank of Commerce by 2.0% in the 4th quarter. Legal & General Group Plc now owns 6,475,253 shares of the bank’s stock valued at $587,790,000 after acquiring an additional 125,069 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Canadian Imperial Bank of Commerce by 34.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,686,816 shares of the bank’s stock valued at $134,760,000 after acquiring an additional 435,799 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in Canadian Imperial Bank of Commerce by 6.5% in the 4th quarter. Intech Investment Management LLC now owns 343,828 shares of the bank’s stock valued at $31,211,000 after acquiring an additional 21,078 shares in the last quarter. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Stock Up 0.7%

CM stock opened at $109.61 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $100.05 billion, a PE ratio of 15.06, a PEG ratio of 1.17 and a beta of 1.02. Canadian Imperial Bank of Commerce has a 1-year low of $67.46 and a 1-year high of $117.05. The business’s 50 day simple moving average is $107.44 and its 200 day simple moving average is $98.45.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its earnings results on Thursday, May 28th. The bank reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. The business had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.86 billion. Canadian Imperial Bank of Commerce had a return on equity of 16.31% and a net margin of 15.84%.The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. As a group, research analysts anticipate that Canadian Imperial Bank of Commerce will post 7.43 EPS for the current year.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Monday, June 29th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.9%. Canadian Imperial Bank of Commerce’s payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Zacks Research cut Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, May 28th. Raymond James Financial reiterated a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, May 12th. Scotiabank cut Canadian Imperial Bank of Commerce from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada upped their price objective on Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $167.00.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.