Fmr LLC raised its stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 645,711 shares of the company’s stock after buying an additional 50,231 shares during the period. Fmr LLC owned about 0.16% of Canadian Imperial Bank of Commerce worth $52,690,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CM. TD Asset Management Inc. boosted its stake in shares of Canadian Imperial Bank of Commerce by 0.5% in the third quarter. TD Asset Management Inc. now owns 21,177,523 shares of the company’s stock worth $1,639,254,000 after buying an additional 102,517 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Canadian Imperial Bank of Commerce by 3.6% in the third quarter. 1832 Asset Management L.P. now owns 8,497,215 shares of the company’s stock worth $659,068,000 after buying an additional 297,317 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Canadian Imperial Bank of Commerce by 3.1% in the third quarter. Great West Life Assurance Co. Can now owns 3,647,423 shares of the company’s stock worth $283,142,000 after buying an additional 109,809 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Canadian Imperial Bank of Commerce by 9.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,429,183 shares of the company’s stock worth $265,437,000 after buying an additional 304,375 shares in the last quarter. Finally, Investec Asset Management LTD boosted its stake in shares of Canadian Imperial Bank of Commerce by 9.9% in the fourth quarter. Investec Asset Management LTD now owns 3,170,014 shares of the company’s stock worth $258,981,000 after buying an additional 284,938 shares in the last quarter. Hedge funds and other institutional investors own 53.01% of the company’s stock.

Institutional Ownership by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at 87.72 on Tuesday. The stock’s 50 day moving average price is $88.18 and its 200 day moving average price is $81.54. The stock has a market cap of $35.05 billion, a PE ratio of 10.05 and a beta of 1.06. Canadian Imperial Bank of Commerce has a 1-year low of $71.15 and a 1-year high of $92.22.

Canadian Imperial Bank of Commerce (NYSE:CM) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. Canadian Imperial Bank of Commerce had a net margin of 22.84% and a return on equity of 19.11%. During the same period last year, the firm earned $2.55 earnings per share. On average, equities research analysts anticipate that Canadian Imperial Bank of Commerce will post $8.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Tuesday, March 28th will be paid a $0.9698 dividend. The ex-dividend date of this dividend is Friday, March 24th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.87. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.42%. Canadian Imperial Bank of Commerce’s payout ratio is currently 45.28%.

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CM has been the subject of a number of research reports. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday, December 6th. Keefe, Bruyette & Woods upgraded Canadian Imperial Bank of Commerce from an “underperform” rating to a “mkt perform” rating in a research note on Friday, February 24th. Finally, TD Securities reiterated a “hold” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Canadian Imperial Bank of Commerce in a research note on Sunday, December 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Canadian Imperial Bank of Commerce has a consensus rating of “Hold” and an average target price of $99.71.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

5 Day Chart for NYSE:CM

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