Canadian Imperial Bank of Commerce (NYSE:CM) Shares Purchased by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. raised its stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,142 shares of the bank’s stock after acquiring an additional 4,617 shares during the period. Canadian Imperial Bank of Commerce makes up about 12.9% of Galibier Capital Management Ltd.’s portfolio, making the stock its biggest holding. Galibier Capital Management Ltd. owned approximately 0.08% of Canadian Imperial Bank of Commerce worth $28,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Wealth Advisors bought a new position in shares of Canadian Imperial Bank of Commerce in the 1st quarter valued at $31,000. CWM LLC increased its stake in shares of Canadian Imperial Bank of Commerce by 1,524.0% in the 1st quarter. CWM LLC now owns 406 shares of the bank’s stock valued at $32,000 after purchasing an additional 381 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Canadian Imperial Bank of Commerce in the 1st quarter valued at $32,000. Advisory Alpha LLC bought a new position in shares of Canadian Imperial Bank of Commerce in the 1st quarter valued at $41,000. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Canadian Imperial Bank of Commerce by 49.3% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 830 shares of the bank’s stock valued at $66,000 after purchasing an additional 274 shares during the last quarter. 45.15% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, May 23rd. Barclays lowered Canadian Imperial Bank of Commerce from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 11th. TD Securities lowered Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Desjardins lowered Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Canaccord Genuity lowered Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Canadian Imperial Bank of Commerce has an average rating of “Hold” and a consensus target price of $120.00.

CM stock traded up $0.93 during midday trading on Friday, reaching $74.65. 354,500 shares of the stock were exchanged, compared to its average volume of 316,281. The stock has a market capitalization of $33.11 billion, a PE ratio of 7.99, a P/E/G ratio of 6.55 and a beta of 1.17. 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 debt-to-equity ratio of 0.12, a current ratio of 1.05 and a quick ratio of 1.05. The company has a fifty day moving average price of $77.94 and a 200 day moving average price of $80.97.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its quarterly earnings data on Wednesday, May 22nd. The bank reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.75. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.36 billion. Canadian Imperial Bank of Commerce had a return on equity of 16.30% and a net margin of 18.83%. During the same quarter in the previous year, the company posted $2.95 EPS. As a group, analysts anticipate that Canadian Imperial Bank of Commerce will post 9.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, June 28th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 5.57%. The ex-dividend date was Thursday, June 27th. Canadian Imperial Bank of Commerce’s payout ratio is presently 44.33%.

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 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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