Eisler Capital Management Ltd. Trims Stake in Canadian Imperial Bank of Commerce $CM

Eisler Capital Management Ltd. lessened its holdings in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 17.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 289,100 shares of the bank’s stock after selling 60,900 shares during the quarter. Canadian Imperial Bank of Commerce comprises 0.1% of Eisler Capital Management Ltd.’s investment portfolio, making the stock its 18th biggest position. Eisler Capital Management Ltd.’s holdings in Canadian Imperial Bank of Commerce were worth $20,500,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Canadian Imperial Bank of Commerce by 5.1% during the second quarter. Parallel Advisors LLC now owns 3,288 shares of the bank’s stock worth $233,000 after buying an additional 160 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Canadian Imperial Bank of Commerce by 0.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 53,477 shares of the bank’s stock valued at $3,788,000 after acquiring an additional 173 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Canadian Imperial Bank of Commerce by 5.3% during the 1st quarter. Benjamin Edwards Inc. now owns 4,320 shares of the bank’s stock valued at $243,000 after acquiring an additional 216 shares during the last quarter. PDS Planning Inc grew its holdings in shares of Canadian Imperial Bank of Commerce by 4.0% during the second quarter. PDS Planning Inc now owns 5,655 shares of the bank’s stock worth $401,000 after purchasing an additional 217 shares in the last quarter. Finally, L.M. Kohn & Company increased its position in shares of Canadian Imperial Bank of Commerce by 6.0% in the second quarter. L.M. Kohn & Company now owns 4,090 shares of the bank’s stock worth $290,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Stock Up 1.3%

Shares of NYSE CM opened at $84.02 on Friday. The stock has a market capitalization of $78.03 billion, a P/E ratio of 14.19, a PEG ratio of 1.76 and a beta of 1.03. Canadian Imperial Bank of Commerce has a one year low of $53.62 and a one year high of $87.37. The firm’s 50 day simple moving average is $82.23 and its two-hundred day simple moving average is $75.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.12 billion. Canadian Imperial Bank of Commerce had a net margin of 12.94% and a return on equity of 14.67%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. As a group, analysts expect that Canadian Imperial Bank of Commerce will post 5.5 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Monday, September 29th were paid a $0.97 dividend. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, September 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.6%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 47.64%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of Canadian Imperial Bank of Commerce from $112.00 to $113.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Wall Street Zen raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian Imperial Bank of Commerce currently has an average rating of “Moderate Buy” and an average target price of $107.50.

Canadian Imperial Bank of Commerce Company 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.