Canadian Imperial Bank of Commerce $CM Holdings Raised by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 590.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,302 shares of the bank’s stock after buying an additional 15,651 shares during the period. Generali Asset Management SPA SGR’s holdings in Canadian Imperial Bank of Commerce were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Canadian Imperial Bank of Commerce by 1.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 9,716 shares of the bank’s stock valued at $880,000 after acquiring an additional 114 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Canadian Imperial Bank of Commerce by 3.5% in the 3rd quarter. Parallel Advisors LLC now owns 3,404 shares of the bank’s stock valued at $272,000 after acquiring an additional 116 shares during the last quarter. McIlrath & Eck LLC increased its holdings in shares of Canadian Imperial Bank of Commerce by 7.1% in the 4th quarter. McIlrath & Eck LLC now owns 1,936 shares of the bank’s stock valued at $175,000 after acquiring an additional 128 shares during the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Canadian Imperial Bank of Commerce by 4.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 3,402 shares of the bank’s stock valued at $311,000 after acquiring an additional 138 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Canadian Imperial Bank of Commerce by 12.7% in the 4th quarter. Fifth Third Bancorp now owns 1,337 shares of the bank’s stock valued at $121,000 after acquiring an additional 151 shares during the last quarter. 49.88% of the stock is currently owned by institutional investors.

Canadian Imperial Bank of Commerce Trading Down 0.0%

Shares of Canadian Imperial Bank of Commerce stock opened at $110.00 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market cap of $101.01 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05. The business has a fifty day simple moving average of $101.71 and a 200-day simple moving average of $94.19. Canadian Imperial Bank of Commerce has a fifty-two week low of $63.44 and a fifty-two week high of $113.28.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.25. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $5.53 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.69% and a net margin of 15.15%.The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 earnings per share. On average, equities analysts forecast that Canadian Imperial Bank of Commerce will post 7.57 EPS 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, April 28th. Stockholders of record on Friday, March 27th were issued a $1.07 dividend. The ex-dividend date was Friday, March 27th. This represents a $4.28 annualized dividend and a dividend yield of 3.9%. Canadian Imperial Bank of Commerce’s dividend payout ratio is 45.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CM. Weiss Ratings downgraded Canadian Imperial Bank of Commerce from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, April 17th. Zacks Research downgraded Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Scotiabank restated an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Monday, May 4th. Finally, Barclays upgraded Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.50.

About Canadian Imperial Bank of Commerce

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.