Fieldpoint Private Securities LLC Has $63,000 Position in Canadian Imperial Bank of Commerce (NYSE:CM)

Fieldpoint Private Securities LLC boosted its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM – Get Rating) (TSE:CM) by 143.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 519 shares of the bank’s stock after acquiring an additional 306 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in Canadian Imperial Bank of Commerce were worth $63,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CLARET ASSET MANAGEMENT Corp grew its holdings in Canadian Imperial Bank of Commerce by 3.0% during the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 53,533 shares of the bank’s stock worth $6,496,000 after acquiring an additional 1,582 shares during the period. Norges Bank bought a new stake in Canadian Imperial Bank of Commerce in the fourth quarter valued at about $478,882,000. Bartlett & Co. LLC acquired a new position in Canadian Imperial Bank of Commerce in the fourth quarter valued at about $524,000. Goldman Sachs Group Inc. boosted its holdings in Canadian Imperial Bank of Commerce by 314.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,480,375 shares of the bank’s stock worth $172,553,000 after buying an additional 1,122,833 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its position in shares of Canadian Imperial Bank of Commerce by 11.9% during the 4th quarter. 1832 Asset Management L.P. now owns 5,100,959 shares of the bank’s stock worth $595,146,000 after buying an additional 541,933 shares during the period. 43.66% of the stock is owned by institutional investors.

Canadian Imperial Bank of Commerce stock opened at $49.64 on Thursday. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 2.06 and a beta of 1.02. The firm has a 50-day moving average of $55.36 and a 200-day moving average of $59.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. Canadian Imperial Bank of Commerce has a one year low of $48.78 and a one year high of $66.24.

Canadian Imperial Bank of Commerce (NYSE:CM – Get Rating) (TSE:CM) last posted its quarterly earnings results on Thursday, May 26th. The bank reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($1.15). The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.32 billion. Canadian Imperial Bank of Commerce had a net margin of 26.74% and a return on equity of 16.24%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.85 earnings per share. As a group, sell-side analysts expect that Canadian Imperial Bank of Commerce will post 6.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Tuesday, June 28th will be given a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Monday, June 27th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.63. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 45.20%.

Several equities research analysts have commented on CM shares. CIBC upped their target price on shares of Canadian Imperial Bank of Commerce from C$86.50 to C$89.00 in a research note on Monday, February 28th. StockNews.com downgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th. BMO Capital Markets lowered their price target on Canadian Imperial Bank of Commerce from C$85.00 to C$83.00 in a report on Friday, May 27th. TD Securities cut their price objective on Canadian Imperial Bank of Commerce from C$82.00 to C$78.00 and set a “buy” rating on the stock in a report on Friday, May 27th. Finally, Bank of America cut Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.71.

Canadian Imperial Bank of Commerce Company Profile (Get Rating)

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 Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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