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Submission: On June 06 via manual from CA — Scanned from CA
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Skip to main content * Home * Privacy Policy * About/Contact ☰ * Finance * Ratings * Earnings * Dividends * Insider Trades * Initial Public Offerings * Cryptocurrencies * Home * Privacy Policy * About/Contact * Finance * Ratings * Earnings * Dividends * Insider Trades * Initial Public Offerings * Cryptocurrencies CIBC WORLD MARKETS INC. GROWS STAKE IN CANADIAN IMPERIAL BANK OF COMMERCE (NYSE:CM) Posted by Doug Madison on Jun 5th, 2022 Share on Twitter Share on Facebook Share on LinkedIn Share on Stocktwits CIBC World Markets Inc. increased its position in Canadian Imperial Bank of Commerce (NYSE:CM – Get Rating) (TSE:CM) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,532,361 shares of the bank’s stock after acquiring an additional 92,312 shares during the quarter. Canadian Imperial Bank of Commerce comprises about 2.2% of CIBC World Markets Inc.’s investment portfolio, making the stock its 7th biggest position. CIBC World Markets Inc. owned about 1.45% of Canadian Imperial Bank of Commerce worth $761,412,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its position in Canadian Imperial Bank of Commerce by 732.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 358 shares of the bank’s stock valued at $40,000 after buying an additional 315 shares in the last quarter. CWM LLC bought a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth approximately $46,000. Elmwood Wealth Management Inc. bought a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth approximately $81,000. Liberty Wealth Management LLC increased its stake in Canadian Imperial Bank of Commerce by 31.8% in the third quarter. Liberty Wealth Management LLC now owns 899 shares of the bank’s stock valued at $120,000 after purchasing an additional 217 shares in the last quarter. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of Canadian Imperial Bank of Commerce by 849.5% in the fourth quarter. Atlas Capital Advisors LLC now owns 1,035 shares of the bank’s stock valued at $121,000 after buying an additional 926 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock. Get Canadian Imperial Bank of Commerce alerts: CM opened at $55.86 on Friday. The company’s 50 day moving average is $57.42 and its 200-day moving average is $59.80. Canadian Imperial Bank of Commerce has a 1-year low of $51.14 and a 1-year high of $66.24. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a market cap of $50.41 billion, a P/E ratio of 9.94, a PEG ratio of 2.36 and a beta of 1.02. Canadian Imperial Bank of Commerce (NYSE:CM – Get Rating) (TSE:CM) last posted its earnings results on Thursday, May 26th. The bank reported $1.77 EPS for the quarter, missing the consensus estimate of $2.92 by ($1.15). Canadian Imperial Bank of Commerce had a return on equity of 16.24% and a net margin of 26.74%. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Canadian Imperial Bank of Commerce will post 6.11 EPS for the current year. The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 28th. Investors of record on Tuesday, June 28th will be given a dividend of $0.645 per share. The ex-dividend date is Monday, June 27th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.63. This represents a $2.58 annualized dividend and a yield of 4.62%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 45.20%. Several research analysts recently commented on the stock. BMO Capital Markets reduced their target price on shares of Canadian Imperial Bank of Commerce from C$85.00 to C$83.00 in a report on Friday, May 27th. Stifel Nicolaus cut their price target on shares of Canadian Imperial Bank of Commerce from C$87.00 to C$86.00 and set a “hold” rating for the company in a research note on Friday, April 8th. Bank of America lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 17th. Zacks Investment Research raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, CIBC increased their price objective on shares of Canadian Imperial Bank of Commerce from C$86.50 to C$89.00 in a research report on Monday, February 28th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $82.58. Canadian Imperial Bank of Commerce Profile (Get Rating) Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Read More * Get a free copy of the StockNews.com research report on Canadian Imperial Bank of Commerce (CM) * MarketBeat: Week in Review 5/30 – 6/3 * Dividend Capture Strategy: What You Need to Know * Xiaomi Co: Facing Macro Headwinds * Don’t Bet On A Bounce For RH * Okta On Verge Of Multi-Week Rally Want to see what other hedge funds are holding CM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Imperial Bank of Commerce (NYSE:CM – Get Rating) (TSE:CM). Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter. « PREVIOUS HEADLINE Capital World Investors Sells 4,164,318 Shares of Kellogg (NYSE:K) NEXT HEADLINE » Starbucks Co. (NASDAQ:SBUX) Shares Sold by Cigna Investments Inc. New YOU MIGHT BE INTERESTED IN: Legal & General Group Plc Has $1.53 Billion Position in AbbVie Inc. Brokerages Anticipate Applied Genetic Technologies Co. Will Announce Earnings of -$0.29 Per Share StableXSwap Trading 2.8% Lower This Week $1.11 Billion in Sales Expected for Paychex, Inc. This Quarter Defis Price Up 1.7% Over Last Week NFT Art Finance Price Tops $0.0000 on Top Exchanges DAILY RATINGS & NEWS FOR CANADIAN IMPERIAL BANK OF COMMERCE Complete the form below to receive the latest headlines and analysts' recommendations for Canadian Imperial Bank of Commerce with our free daily email newsletter: Follow @dakotafinancial RECENT NEWS * Legal & General Group Plc Has $1.53 Billion Position in AbbVie Inc. (NYSE:ABBV) * Brokerages Anticipate Applied Genetic Technologies Co. (NASDAQ:AGTC) Will Announce Earnings of -$0.29 Per Share * StableXSwap Trading 2.8% Lower This Week (STAX) * $1.11 Billion in Sales Expected for Paychex, Inc. 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