Vantage Investment Partners LLC Purchases 396 Shares of Canadian Imperial Bank of Commerce (NYSE:CM)

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Vantage Investment Partners LLC boosted its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,146 shares of the bank’s stock after purchasing an additional 396 shares during the period. Vantage Investment Partners LLC’s holdings in Canadian Imperial Bank of Commerce were worth $7,253,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CM. Heritage Wealth Advisors purchased a new stake in shares of Canadian Imperial Bank of Commerce in the 1st quarter worth approximately $31,000. CWM LLC lifted its position 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 worth $32,000 after purchasing an additional 381 shares during the period. Liberty Wealth Management LLC purchased a new stake in shares of Canadian Imperial Bank of Commerce in the 4th quarter worth approximately $31,000. Advisory Services Network LLC lifted its position in shares of Canadian Imperial Bank of Commerce by 108.0% in the 4th quarter. Advisory Services Network LLC now owns 443 shares of the bank’s stock worth $33,000 after purchasing an additional 230 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in shares of Canadian Imperial Bank of Commerce during the 4th quarter worth approximately $38,000. 45.66% of the stock is owned by hedge funds and other institutional investors.

NYSE:CM opened at $77.96 on Wednesday. Canadian Imperial Bank of Commerce has a twelve month low of $72.96 and a twelve month high of $96.98. The stock has a market capitalization of $34.63 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 6.88 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.12.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its quarterly earnings data on Wednesday, May 22nd. The bank reported $2.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.75. Canadian Imperial Bank of Commerce had a net margin of 18.83% and a return on equity of 16.30%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter last year, the firm posted $2.95 earnings per share. On average, research analysts anticipate that Canadian Imperial Bank of Commerce will post 8.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $4.16 dividend on an annualized basis and a yield of 5.34%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 45.50%.

A number of brokerages have issued reports on CM. Zacks Investment Research lowered shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Canaccord Genuity reaffirmed an “average” rating and set a $125.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, February 20th. Barclays downgraded shares of Canadian Imperial Bank of Commerce from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Desjardins downgraded shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Finally, Scotiabank reaffirmed an “average” rating and set a $126.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $122.60.

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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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