5,568 Shares in Canadian Imperial Bank of Commerce (NYSE:CM) Bought by West Family Investments Inc.

West Family Investments Inc. bought a new stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,568 shares of the bank’s stock, valued at approximately $268,000.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in Canadian Imperial Bank of Commerce during the fourth quarter valued at about $33,000. Janiczek Wealth Management LLC grew its position in shares of Canadian Imperial Bank of Commerce by 34.9% in the fourth 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 last quarter. Hexagon Capital Partners LLC grew its position in shares of Canadian Imperial Bank of Commerce by 152.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,692 shares of the bank’s stock valued at $81,000 after purchasing an additional 1,023 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Canadian Imperial Bank of Commerce during the fourth quarter worth about $110,000. Finally, NBC Securities Inc. acquired a new stake in Canadian Imperial Bank of Commerce during the third quarter worth about $106,000. 49.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CM shares. Scotiabank raised Canadian Imperial Bank of Commerce from a “sector perform” rating to a “sector outperform” rating in a research report on Tuesday, February 20th. Barclays started 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 started coverage on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.00.

Canadian Imperial Bank of Commerce Trading Up 0.7 %

CM stock traded up $0.34 during trading on Thursday, hitting $47.22. The company had a trading volume of 252,227 shares, compared to its average volume of 1,753,029. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $48.72 and a 200-day moving average price of $44.86. Canadian Imperial Bank of Commerce has a 12 month low of $34.35 and a 12 month high of $51.14. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 2.19 and a beta of 1.07.

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

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, March 28th were issued a $0.6634 dividend. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.66. The ex-dividend date was Wednesday, March 27th. This represents a $2.65 annualized dividend and a dividend yield of 5.62%. Canadian Imperial Bank of Commerce’s payout ratio is 26.45%.

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.