Natixis Advisors LLC Purchases 6,145 Shares of Canadian Imperial Bank of Commerce $CM

Natixis Advisors LLC boosted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,645 shares of the bank’s stock after acquiring an additional 6,145 shares during the period. Natixis Advisors LLC’s holdings in Canadian Imperial Bank of Commerce were worth $4,770,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CM. Sequoia Financial Advisors LLC boosted its holdings in Canadian Imperial Bank of Commerce by 1.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 9,716 shares of the bank’s stock worth $880,000 after buying an additional 114 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Canadian Imperial Bank of Commerce by 3.5% during the third quarter. Parallel Advisors LLC now owns 3,404 shares of the bank’s stock worth $272,000 after buying an additional 116 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in Canadian Imperial Bank of Commerce by 7.1% during the fourth quarter. McIlrath & Eck LLC now owns 1,936 shares of the bank’s stock worth $175,000 after buying an additional 128 shares during the last quarter. Bridgewater Advisors Inc. boosted its holdings in Canadian Imperial Bank of Commerce by 4.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 3,402 shares of the bank’s stock worth $311,000 after buying an additional 138 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Canadian Imperial Bank of Commerce by 12.7% during the fourth quarter. Fifth Third Bancorp now owns 1,337 shares of the bank’s stock worth $121,000 after buying an additional 151 shares during the last quarter. Institutional investors own 49.88% of the company’s stock.

Wall Street Analyst Weigh In

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

Canadian Imperial Bank of Commerce Trading Up 0.7%

NYSE:CM opened at $109.61 on Tuesday. Canadian Imperial Bank of Commerce has a fifty-two week low of $67.46 and a fifty-two week high of $117.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $100.05 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02. The business’s 50-day simple moving average is $107.44 and its 200-day simple moving average is $98.45.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.86 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the previous year, the business posted $2.05 EPS. Canadian Imperial Bank of Commerce’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts expect that Canadian Imperial Bank of Commerce will post 7.43 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Monday, June 29th will be paid a $1.07 dividend. The ex-dividend date is Monday, June 29th. This represents a $4.28 annualized dividend and a yield of 3.9%. Canadian Imperial Bank of Commerce’s payout ratio is presently 43.13%.

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.