Signaturefd LLC Raises Holdings in Canadian Imperial Bank of Commerce (NYSE:CM)

Signaturefd LLC grew its position in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,347 shares of the bank’s stock after purchasing an additional 667 shares during the quarter. Signaturefd LLC’s holdings in Canadian Imperial Bank of Commerce were worth $1,413,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CM. Natixis Advisors LLC grew its holdings in shares of Canadian Imperial Bank of Commerce by 8.9% during the third 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 last quarter. Prospera Private Wealth LLC grew its holdings in shares of Canadian Imperial Bank of Commerce by 3.2% during the third quarter. Prospera Private Wealth LLC now owns 10,486 shares of the bank’s stock worth $643,000 after purchasing an additional 330 shares during the last quarter. PCJ Investment Counsel Ltd. grew its holdings in shares of Canadian Imperial Bank of Commerce by 38.8% during the third quarter. PCJ Investment Counsel Ltd. now owns 50,490 shares of the bank’s stock worth $3,097,000 after buying an additional 14,120 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Canadian Imperial Bank of Commerce by 14.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,641,498 shares of the bank’s stock worth $652,676,000 after buying an additional 1,305,665 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of Canadian Imperial Bank of Commerce by 55.8% during the third quarter. Ontario Teachers Pension Plan Board now owns 18,601 shares of the bank’s stock worth $1,141,000 after buying an additional 6,665 shares during the last quarter. Hedge funds and other institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Price Performance

Shares of NYSE:CM opened at $56.76 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a market cap of $53.36 billion, a P/E ratio of 10.61, a PEG ratio of 1.62 and a beta of 1.07. Canadian Imperial Bank of Commerce has a 52 week low of $46.50 and a 52 week high of $67.45. The company has a 50-day moving average price of $60.87 and a 200 day moving average price of $62.19.

Canadian Imperial Bank of Commerce Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.6723 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 48.03%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada raised Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $97.00 to $103.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Company 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.