Cwm LLC Has $73,000 Position in Canadian Imperial Bank of Commerce (NYSE:CM)

Cwm LLC reduced its position in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 23.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,519 shares of the bank’s stock after selling 463 shares during the quarter. Cwm LLC’s holdings in Canadian Imperial Bank of Commerce were worth $73,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CM. Bruce G. Allen Investments LLC acquired a new position in shares of Canadian Imperial Bank of Commerce in the fourth quarter worth approximately $33,000. Janiczek Wealth Management LLC lifted its stake in shares of Canadian Imperial Bank of Commerce by 34.9% in the 4th quarter. Janiczek Wealth Management LLC now owns 859 shares of the bank’s stock valued at $41,000 after purchasing an additional 222 shares during the period. SG Americas Securities LLC acquired a new stake in Canadian Imperial Bank of Commerce during the fourth quarter worth approximately $110,000. NBC Securities Inc. bought a new stake in Canadian Imperial Bank of Commerce in the third quarter worth approximately $106,000. Finally, Trust Co. of Toledo NA OH acquired a new position in Canadian Imperial Bank of Commerce in the fourth quarter valued at approximately $204,000. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Stock Performance

CM opened at $48.59 on Thursday. The company has a market cap of $45.57 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.25 and a beta of 1.07. The company’s fifty day moving average price is $48.81 and its two-hundred day moving average price is $45.22. Canadian Imperial Bank of Commerce has a 1-year low of $34.35 and a 1-year high of $51.14. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its earnings results on Thursday, February 29th. The bank reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.10. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.47 billion. Canadian Imperial Bank of Commerce had a net margin of 10.79% and a return on equity of 13.07%. On average, analysts expect that Canadian Imperial Bank of Commerce will post 5.04 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, March 28th were issued a $0.6634 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.65 annualized dividend and a dividend yield of 5.46%. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.66. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 54.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Scotiabank upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to a “sector outperform” rating in a research note on Tuesday, February 20th. Barclays began coverage on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, March 20th. They issued an “underweight” rating for the company. Finally, Jefferies Financial Group initiated coverage on Canadian Imperial Bank of Commerce in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

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