Natixis Advisors LLC Has $3.15 Million Position in Canadian Imperial Bank of Commerce (NYSE:CM)

Natixis Advisors LLC raised its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,849 shares of the bank’s stock after buying an additional 2,957 shares during the quarter. Natixis Advisors LLC’s holdings in Canadian Imperial Bank of Commerce were worth $3,152,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in Canadian Imperial Bank of Commerce by 32.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 112,033 shares of the bank’s stock worth $6,872,000 after acquiring an additional 27,291 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Canadian Imperial Bank of Commerce by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,518,979 shares of the bank’s stock worth $154,679,000 after purchasing an additional 93,160 shares during the period. Raymond James Trust N.A. raised its position in shares of Canadian Imperial Bank of Commerce by 3.5% in the third quarter. Raymond James Trust N.A. now owns 15,739 shares of the bank’s stock valued at $965,000 after buying an additional 527 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Canadian Imperial Bank of Commerce by 5.2% in the third quarter. Citigroup Inc. now owns 352,332 shares of the bank’s stock valued at $21,636,000 after buying an additional 17,457 shares during the period. Finally, Icon Wealth Advisors LLC grew its position in Canadian Imperial Bank of Commerce by 136.2% during the third quarter. Icon Wealth Advisors LLC now owns 4,589 shares of the bank’s stock worth $281,000 after buying an additional 2,646 shares in the last quarter. Institutional investors own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Stock Up 0.2 %

NYSE CM opened at $56.77 on Friday. The business has a fifty day moving average price of $60.51 and a two-hundred day moving average price of $62.13. The stock has a market capitalization of $53.36 billion, a PE ratio of 10.61, a PEG ratio of 1.62 and a beta of 1.07. Canadian Imperial Bank of Commerce has a fifty-two week low of $46.50 and a fifty-two week high of $67.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05.

Canadian Imperial Bank of Commerce Cuts Dividend

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

Analyst Ratings Changes

CM has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” 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.