Guardian Partners Inc. Has $35.72 Million Stock Holdings in Canadian Imperial Bank of Commerce $CM

Guardian Partners Inc. trimmed its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 376,970 shares of the bank’s stock after selling 4,524 shares during the quarter. Canadian Imperial Bank of Commerce accounts for 3.0% of Guardian Partners Inc.’s holdings, making the stock its 6th largest holding. Guardian Partners Inc.’s holdings in Canadian Imperial Bank of Commerce were worth $35,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EFG International AG purchased a new position in shares of Canadian Imperial Bank of Commerce during the fourth quarter valued at $35,000. Larson Financial Group LLC raised its holdings in shares of Canadian Imperial Bank of Commerce by 119.7% in the third quarter. Larson Financial Group LLC now owns 402 shares of the bank’s stock valued at $32,000 after acquiring an additional 219 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in Canadian Imperial Bank of Commerce in the fourth quarter worth about $37,000. Global Assets Advisory LLC purchased a new stake in Canadian Imperial Bank of Commerce in the first quarter worth about $54,000. Finally, Parkside Financial Bank & Trust grew its holdings in Canadian Imperial Bank of Commerce by 2,758.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 829 shares of the bank’s stock worth $75,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 49.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CM has been the topic of a number of research reports. Barclays reissued an “overweight” rating on shares of Canadian Imperial Bank of Commerce in a research report on Monday, June 1st. Weiss Ratings downgraded shares of Canadian Imperial Bank of Commerce from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, July 15th. Scotiabank reissued an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, June 16th. Raymond James Financial reissued a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, May 12th. Finally, Zacks Research lowered Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Canadian Imperial Bank of Commerce Price Performance

CM opened at $119.87 on Wednesday. The business’s 50-day moving average is $114.31 and its two-hundred day moving average is $104.94. Canadian Imperial Bank of Commerce has a 1 year low of $71.00 and a 1 year high of $122.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $109.42 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its earnings results on Thursday, May 28th. The bank reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. The business had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.86 billion. Canadian Imperial Bank of Commerce had a net margin of 15.84% and a return on equity of 16.31%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Research analysts anticipate that Canadian Imperial Bank of Commerce will post 7.37 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 28th. Investors of record on Monday, June 29th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, June 29th. Canadian Imperial Bank of Commerce’s payout ratio is 42.58%.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.