Kepler Cheuvreux Suisse SA Buys 147,321 Shares of Canadian Imperial Bank of Commerce $CM

Kepler Cheuvreux Suisse SA boosted its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 105.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,239 shares of the bank’s stock after purchasing an additional 147,321 shares during the quarter. Canadian Imperial Bank of Commerce comprises 1.5% of Kepler Cheuvreux Suisse SA’s portfolio, making the stock its 21st largest holding. Kepler Cheuvreux Suisse SA’s holdings in Canadian Imperial Bank of Commerce were worth $26,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in Canadian Imperial Bank of Commerce by 119.7% during 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 bought a new stake in Canadian Imperial Bank of Commerce during the fourth quarter valued at about $37,000. Grey Fox Wealth Advisors LLC bought a new stake in Canadian Imperial Bank of Commerce during the third quarter valued at about $34,000. Guerra Advisors Inc bought a new stake in Canadian Imperial Bank of Commerce during the third quarter valued at about $35,000. Finally, CX Institutional boosted its holdings in Canadian Imperial Bank of Commerce by 301.1% during the third quarter. CX Institutional now owns 722 shares of the bank’s stock valued at $58,000 after acquiring an additional 542 shares during the period. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Stock Down 0.0%

Shares of CM stock opened at $110.00 on Monday. The stock has a market cap of $101.01 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05. Canadian Imperial Bank of Commerce has a one year low of $63.44 and a one year high of $113.28. The stock has a fifty day moving average price of $101.71 and a 200 day moving average price of $94.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings results on Thursday, February 26th. The bank reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $5.53 billion. Canadian Imperial Bank of Commerce had a net margin of 15.15% and a return on equity of 15.69%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. Analysts predict that Canadian Imperial Bank of Commerce will post 7.57 earnings per share for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Friday, March 27th were paid a $1.07 dividend. The ex-dividend date was Friday, March 27th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.9%. Canadian Imperial Bank of Commerce’s payout ratio is 45.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CM shares. Barclays raised Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings cut Canadian Imperial Bank of Commerce from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, April 17th. Scotiabank reissued an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research report on Monday, May 4th. Finally, Zacks Research cut Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and a consensus target price of $107.50.

Canadian Imperial Bank of Commerce Profile

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.