AE Wealth Management LLC purchased a new stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,201 shares of the bank’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ING Groep NV acquired a new stake in shares of Canadian Imperial Bank of Commerce in the fourth quarter valued at approximately $10,123,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Canadian Imperial Bank of Commerce by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 136,125 shares of the bank’s stock valued at $13,260,000 after acquiring an additional 835 shares during the period. Stephens Inc. AR boosted its holdings in shares of Canadian Imperial Bank of Commerce by 62.4% in the fourth quarter. Stephens Inc. AR now owns 65,855 shares of the bank’s stock valued at $6,415,000 after acquiring an additional 25,316 shares during the period. Calton & Associates Inc. acquired a new stake in shares of Canadian Imperial Bank of Commerce in the fourth quarter valued at approximately $257,000. Finally, Raymond James Trust N.A. boosted its holdings in shares of Canadian Imperial Bank of Commerce by 77.5% in the fourth quarter. Raymond James Trust N.A. now owns 9,281 shares of the bank’s stock valued at $904,000 after acquiring an additional 4,051 shares during the period. 44.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at $90.18 on Friday. Canadian Imperial Bank of Commerce has a 52 week low of $77.20 and a 52 week high of $100.01. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $39,960.00, a P/E ratio of 10.06, a PEG ratio of 2.79 and a beta of 1.10.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its quarterly earnings results on Thursday, November 30th. The bank reported $2.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.20. Canadian Imperial Bank of Commerce had a return on equity of 17.57% and a net margin of 22.45%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.29 billion. research analysts forecast that Canadian Imperial Bank of Commerce will post 8.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Thursday, December 28th were paid a dividend of $1.011 per share. This represents a $4.04 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 47.10%.

Several equities research analysts have recently weighed in on the company. Macquarie assumed coverage on Canadian Imperial Bank of Commerce in a report on Tuesday, October 24th. They issued an “underperform” rating and a $89.00 price objective for the company. Zacks Investment Research cut Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Barclays upgraded Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research note on Tuesday, December 19th. Canaccord Genuity restated a “buy” rating and set a $121.00 price target on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, November 30th. Finally, Citigroup cut Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $114.00.

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About Canadian Imperial Bank of Commerce

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.

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

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