Atria Investments Inc Has $890,000 Stock Holdings in Canadian Imperial Bank of Commerce (NYSE:CM)

Atria Investments Inc lowered its holdings in Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM by 50.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,070 shares of the bank's stock after selling 14,178 shares during the period. Atria Investments Inc's holdings in Canadian Imperial Bank of Commerce were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Assetmark Inc. raised its position in shares of Canadian Imperial Bank of Commerce by 18.8% during the third quarter. Assetmark Inc. now owns 29,181 shares of the bank's stock worth $1,790,000 after purchasing an additional 4,610 shares during the period. Entropy Technologies LP purchased a new stake in Canadian Imperial Bank of Commerce during the third quarter valued at about $1,122,000. Plato Investment Management Ltd acquired a new stake in shares of Canadian Imperial Bank of Commerce during the third quarter valued at approximately $3,248,000. CIBC Asset Management Inc lifted its position in shares of Canadian Imperial Bank of Commerce by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 11,352,605 shares of the bank's stock valued at $696,659,000 after acquiring an additional 375,837 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Canadian Imperial Bank of Commerce by 8.9% in the 3rd quarter. Natixis Advisors LLC now owns 46,892 shares of the bank's stock worth $2,876,000 after purchasing an additional 3,836 shares during the period. 49.88% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com raised Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada raised shares of Canadian Imperial Bank of Commerce from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $97.00 to $103.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce has a consensus rating of "Hold" and a consensus target price of $92.00.

Canadian Imperial Bank of Commerce Stock Up 1.8 %

Shares of Canadian Imperial Bank of Commerce stock traded up $1.02 during midday trading on Monday, reaching $57.19. 694,458 shares of the company's stock traded hands, compared to its average volume of 1,096,265. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. Canadian Imperial Bank of Commerce has a 52 week low of $46.50 and a 52 week high of $67.45. The company's 50 day simple moving average is $61.11 and its 200 day simple moving average is $62.21. The company has a market cap of $53.75 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07.

Canadian Imperial Bank of Commerce Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.6723 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.69 annualized dividend and a yield of 4.70%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 48.03%.

About Canadian Imperial Bank of Commerce

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.