1,323 Shares in Canadian Imperial Bank of Commerce (NYSE:CM) Purchased by Principal Securities Inc.

Principal Securities Inc. purchased a new position in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,323 shares of the bank’s stock, valued at approximately $64,000.

A number of other large investors have also recently made changes to their positions in the company. Metis Global Partners LLC boosted its position in Canadian Imperial Bank of Commerce by 15.8% in the 4th quarter. Metis Global Partners LLC now owns 55,876 shares of the bank’s stock valued at $2,690,000 after buying an additional 7,635 shares during the period. AJOVista LLC purchased a new stake in Canadian Imperial Bank of Commerce in the 4th quarter valued at about $597,000. Sapient Capital LLC purchased a new stake in Canadian Imperial Bank of Commerce in the 4th quarter valued at about $214,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Canadian Imperial Bank of Commerce in the 4th quarter valued at about $392,000. Finally, Natixis Advisors L.P. raised its holdings in shares of Canadian Imperial Bank of Commerce by 19.2% in the 4th quarter. Natixis Advisors L.P. now owns 40,776 shares of the bank’s stock valued at $1,962,000 after purchasing an additional 6,557 shares in the last quarter. 49.88% of the stock is owned by hedge funds and other institutional investors.

Canadian Imperial Bank of Commerce Trading Down 0.5 %

NYSE CM opened at $48.17 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a market cap of $45.18 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07. The company has a 50 day moving average price of $48.85 and a 200 day moving average price of $46.19. Canadian Imperial Bank of Commerce has a 52 week low of $34.35 and a 52 week high of $51.14.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its quarterly earnings data on Thursday, February 29th. The bank reported $1.34 EPS for the quarter, topping the consensus estimate of $1.24 by $0.10. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.47 billion. Canadian Imperial Bank of Commerce had a net margin of 10.79% and a return on equity of 13.07%. As a group, sell-side analysts forecast that Canadian Imperial Bank of Commerce will post 5.03 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.6634 per share. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.66. The ex-dividend date was Wednesday, March 27th. This represents a $2.65 dividend on an annualized basis and a yield of 5.51%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 54.75%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CM shares. Barclays started coverage on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, March 20th. They issued an “underweight” rating for the company. Scotiabank upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to a “sector outperform” rating in a report on Tuesday, February 20th. Finally, Jefferies Financial Group started coverage on shares of Canadian Imperial Bank of Commerce in a report on Thursday, February 22nd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.00.

Canadian Imperial Bank of Commerce Profile

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.