5,100 Shares in Canadian Imperial Bank of Commerce (NYSE:CM) Acquired by Mission Wealth Management LP

Mission Wealth Management LP bought a new position in shares of Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,100 shares of the bank's stock, valued at approximately $322,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crews Bank & Trust acquired a new position in shares of Canadian Imperial Bank of Commerce during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Canadian Imperial Bank of Commerce during the 4th quarter valued at about $30,000. IFP Advisors Inc boosted its position in shares of Canadian Imperial Bank of Commerce by 318.1% during the 4th quarter. IFP Advisors Inc now owns 531 shares of the bank's stock valued at $34,000 after acquiring an additional 404 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Canadian Imperial Bank of Commerce during the 3rd quarter valued at about $44,000. Finally, Versant Capital Management Inc lifted its position in Canadian Imperial Bank of Commerce by 1,069.4% in the fourth quarter. Versant Capital Management Inc now owns 725 shares of the bank's stock valued at $46,000 after buying an additional 663 shares during the last quarter. Institutional investors and hedge funds own 49.88% of the company's stock.

Canadian Imperial Bank of Commerce Trading Down 0.2 %

NYSE CM traded down $0.10 during trading hours on Friday, reaching $56.70. The company had a trading volume of 820,403 shares, compared to its average volume of 1,108,527. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $53.43 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07. The stock has a 50-day moving average of $61.85 and a 200 day moving average of $62.10. Canadian Imperial Bank of Commerce has a 1-year low of $46.50 and a 1-year high of $67.45.

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Canadian Imperial Bank of Commerce Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.6723 per share. The ex-dividend date is Friday, March 28th. This represents a $2.69 dividend on an annualized basis and a yield of 4.74%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is presently 48.03%.

Analyst Ratings Changes

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

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.