Weather Gauge Advisory LLC lessened its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,823 shares of the bank’s stock after selling 131 shares during the quarter. Weather Gauge Advisory LLC’s holdings in Canadian Imperial Bank of Commerce were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Toronto Dominion Bank lifted its stake in shares of Canadian Imperial Bank of Commerce by 0.8% during the 4th quarter. Toronto Dominion Bank now owns 12,029,368 shares of the bank’s stock valued at $897,551,000 after buying an additional 100,913 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Canadian Imperial Bank of Commerce by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 11,578,944 shares of the bank’s stock worth $1,085,758,000 after buying an additional 312,396 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Canadian Imperial Bank of Commerce by 0.3% in the 4th quarter. CIBC Asset Management Inc now owns 8,183,163 shares of the bank’s stock worth $609,653,000 after buying an additional 28,155 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Canadian Imperial Bank of Commerce by 11.0% in the 4th quarter. Bank of Nova Scotia now owns 6,116,847 shares of the bank’s stock worth $455,949,000 after buying an additional 606,814 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Canadian Imperial Bank of Commerce by 2.2% in the 4th quarter. Acadian Asset Management LLC now owns 6,041,959 shares of the bank’s stock worth $449,811,000 after buying an additional 131,529 shares during the last quarter. Institutional investors and hedge funds own 46.69% of the company’s stock.

Several brokerages recently commented on CM. ValuEngine upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Canaccord Genuity reiterated an “average” rating and set a $125.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, February 20th. Scotiabank reiterated an “average” rating and set a $126.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Friday, February 22nd. Zacks Investment Research downgraded shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, Barclays reiterated an “average” rating and set a $123.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $125.43.

NYSE:CM traded down $0.01 during mid-day trading on Monday, hitting $82.52. 284,821 shares of the stock traded hands, compared to its average volume of 400,975. The company has a market capitalization of $36.58 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 4.85 and a beta of 1.14. Canadian Imperial Bank of Commerce has a 52 week low of $72.96 and a 52 week high of $96.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its quarterly earnings results on Thursday, February 28th. The bank reported $2.26 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.11). The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.51 billion. Canadian Imperial Bank of Commerce had a net margin of 19.44% and a return on equity of 16.70%. As a group, equities analysts forecast that Canadian Imperial Bank of Commerce will post 9.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be given a $1.0616 dividend. This represents a $4.25 annualized dividend and a yield of 5.15%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.03. The ex-dividend date is Wednesday, March 27th. Canadian Imperial Bank of Commerce’s payout ratio is 45.50%.

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Canadian Imperial Bank of Commerce 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 four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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

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