Aull & Monroe Investment Management Corp Has $822,000 Stock Holdings in Canadian Imperial Bank of Commerce $CM

Aull & Monroe Investment Management Corp grew its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,600 shares of the bank’s stock after purchasing an additional 1,200 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $822,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CM. HM Payson & Co. acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 1st quarter valued at $29,000. TruNorth Capital Management LLC boosted its stake in shares of Canadian Imperial Bank of Commerce by 156.0% in the 1st quarter. TruNorth Capital Management LLC now owns 512 shares of the bank’s stock valued at $29,000 after purchasing an additional 312 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 1st quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 2nd quarter valued at $34,000. Finally, Private Trust Co. NA boosted its stake in shares of Canadian Imperial Bank of Commerce by 40.0% in the 1st quarter. Private Trust Co. NA now owns 781 shares of the bank’s stock valued at $44,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 49.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CM shares. Royal Bank Of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.50.

Canadian Imperial Bank of Commerce Stock Performance

Shares of NYSE:CM opened at $80.28 on Friday. The stock has a market capitalization of $74.63 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.71 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 $82.23. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $78.17 and a two-hundred day moving average price of $70.81.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $1.93 EPS. Equities analysts predict that Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current year.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 28th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $3.88 annualized dividend and a yield of 4.8%. 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 presently 47.64%.

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.