Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) saw unusually large options trading on Monday. Stock traders acquired 577 call options on the company. This is an increase of 862% compared to the average daily volume of 60 call options.

A number of equities analysts have recently weighed in on the company. ValuEngine raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Zacks Investment Research lowered Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, TheStreet lowered Canadian Imperial Bank of Commerce from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Canadian Imperial Bank of Commerce currently has an average rating of “Hold” and an average target price of $123.00.

Canadian Imperial Bank of Commerce stock opened at $86.44 on Wednesday. The firm has a market capitalization of $38.55 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18. Canadian Imperial Bank of Commerce has a 52 week low of $84.88 and a 52 week high of $100.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.12.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its earnings results on Thursday, August 23rd. The bank reported $3.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.86. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.39 billion. Canadian Imperial Bank of Commerce had a return on equity of 17.77% and a net margin of 21.27%. During the same period in the prior year, the firm posted $2.77 earnings per share. Research analysts predict that Canadian Imperial Bank of Commerce will post 9.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 29th. Investors of record on Friday, September 28th were paid a $1.0412 dividend. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.04. This represents a $4.16 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend was Thursday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 46.91%.

Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Canadian Imperial Bank of Commerce by 16.4% in the second quarter. Morgan Stanley now owns 551,597 shares of the bank’s stock valued at $47,944,000 after purchasing an additional 77,880 shares during the last quarter. Barometer Capital Management Inc. purchased a new stake in Canadian Imperial Bank of Commerce during the third quarter valued at about $2,869,000. AMP Capital Investors Ltd grew its position in Canadian Imperial Bank of Commerce by 7.8% during the second quarter. AMP Capital Investors Ltd now owns 155,792 shares of the bank’s stock valued at $13,544,000 after acquiring an additional 11,245 shares during the period. CIBC Asset Management Inc grew its position in Canadian Imperial Bank of Commerce by 0.9% during the third quarter. CIBC Asset Management Inc now owns 8,155,008 shares of the bank’s stock valued at $763,544,000 after acquiring an additional 74,041 shares during the period. Finally, First Bank & Trust grew its position in Canadian Imperial Bank of Commerce by 12.0% during the second quarter. First Bank & Trust now owns 13,957 shares of the bank’s stock valued at $1,213,000 after acquiring an additional 1,494 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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