25,723 Shares in Canadian Imperial Bank of Commerce $CM Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,723 shares of the bank’s stock, valued at approximately $1,822,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its holdings in shares of Canadian Imperial Bank of Commerce by 110.7% during the first quarter. Cerity Partners LLC now owns 32,559 shares of the bank’s stock valued at $1,833,000 after purchasing an additional 17,103 shares during the period. Massachusetts Financial Services Co. MA grew its position in Canadian Imperial Bank of Commerce by 4.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 116,110 shares of the bank’s stock valued at $6,537,000 after buying an additional 4,996 shares in the last quarter. Allianz Asset Management GmbH grew its position in Canadian Imperial Bank of Commerce by 13.7% in the 1st quarter. Allianz Asset Management GmbH now owns 78,376 shares of the bank’s stock valued at $4,408,000 after buying an additional 9,426 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Canadian Imperial Bank of Commerce during the 1st quarter valued at about $328,000. Finally, Ninepoint Partners LP bought a new stake in shares of Canadian Imperial Bank of Commerce during the 1st quarter worth about $2,827,000. Institutional investors and hedge funds own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Trading Up 0.0%

Canadian Imperial Bank of Commerce stock opened at $85.72 on Wednesday. The firm has a market cap of $79.61 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.03. Canadian Imperial Bank of Commerce has a 1 year low of $53.62 and a 1 year high of $85.97. The firm’s 50 day moving average price is $81.14 and its two-hundred day moving average price is $74.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.12 billion. Canadian Imperial Bank of Commerce had a return on equity of 14.67% and a net margin of 12.94%.The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 EPS. On average, research analysts predict that Canadian Imperial Bank of Commerce will post 5.5 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 28th. Investors of record on Monday, September 29th were paid a $0.97 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $3.88 dividend on an annualized basis and a yield of 4.5%. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.70. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 47.64%.

Analyst Ratings Changes

CM has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Canadian Imperial Bank of Commerce from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Wall Street Zen upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.50.

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