Canadian Imperial Bank of Commerce $CM Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its position in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 68.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,886,310 shares of the bank’s stock after purchasing an additional 767,214 shares during the quarter. Canadian Imperial Bank of Commerce accounts for approximately 1.2% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 21st largest holding. OMERS ADMINISTRATION Corp owned 0.20% of Canadian Imperial Bank of Commerce worth $171,230,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in Canadian Imperial Bank of Commerce by 119.7% in the third quarter. Larson Financial Group LLC now owns 402 shares of the bank’s stock valued at $32,000 after acquiring an additional 219 shares during the period. Lodestone Wealth Management LLC acquired a new position in Canadian Imperial Bank of Commerce in the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC lifted its holdings in Canadian Imperial Bank of Commerce by 128.1% in the third quarter. Smartleaf Asset Management LLC now owns 723 shares of the bank’s stock valued at $58,000 after acquiring an additional 406 shares during the period. Aventura Private Wealth LLC acquired a new position in Canadian Imperial Bank of Commerce in the fourth quarter valued at approximately $69,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Canadian Imperial Bank of Commerce by 2,758.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 829 shares of the bank’s stock valued at $75,000 after acquiring an additional 800 shares during the period. 49.88% of the stock is owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce Stock Up 0.2%

Canadian Imperial Bank of Commerce stock opened at $113.68 on Tuesday. The stock has a market capitalization of $103.77 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.02. Canadian Imperial Bank of Commerce has a 12 month low of $68.32 and a 12 month high of $117.05. The business has a 50 day simple moving average of $109.20 and a 200-day simple moving average of $99.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05.

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

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Monday, June 29th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, June 29th. Canadian Imperial Bank of Commerce’s payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CM shares. Barclays reissued an “overweight” rating on shares of Canadian Imperial Bank of Commerce in a report on Monday, June 1st. Raymond James Financial reissued a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, May 12th. Royal Bank Of Canada boosted their price target on Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Jefferies Financial Group reissued a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 28th. Finally, Weiss Ratings downgraded Canadian Imperial Bank of Commerce from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $167.00.

About Canadian Imperial Bank of Commerce

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.