Analysts await Canadian Imperial Bank of Commerce (TSE:CM) to report earnings on November, 30 before the open. The stock decreased 0.42% or $0.2 on November 10, reaching $47.85. Canaccord Genuity set a $117.00 price target on shares of Canadian Imperial Bank of Commerce and gave the company a "buy" rating in a report on Thursday, August 24th. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/11/14/first-bank-trust-buys-shares-of-5967-canadian-imperial-bank-of-commerce-cm.html. Ubs Asset Management Americas Inc controls 415 shares worth $36,226,000. The Manufacturers Life Insurance Company increased its stake in Canadian Imperial Bank of Commerce by 63.3% during the second quarter. They expect $2.09 earnings per share, up 5.56 % or $0.11 from last year's $1.98 per share. Finally, Goldman Sachs Group Inc. increased its stake in Canadian Imperial Bank of Commerce by 100.8% during the second quarter. Stephens Inc. AR boosted its stake in shares of Canadian Imperial Bank of Commerce by 0.3% during the 2nd quarter. Institutional investors and hedge funds own 46.19% of the company's stock.
A number of research firms recently commented on CM. Highstreet Asset Management Inc. owned about 0.10% of Canadian Imperial Bank of Commerce worth $39,874,000 at the end of the most recent quarter. Zacks Investment Research raised Canadian Imperial Bank of Commerce from a "hold" rating to a "buy" rating and set a $95.00 target price for the company in a research report on Tuesday, July 18th. The stock of Canadian Imperial Bank of Commerce (USA) (NYSE:CM) earned "Underperform" rating by Credit Suisse on Monday, August 31. The company was downgraded on Thursday, December 3 by TD Securities. Finally, Citigroup Inc. lowered shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "neutral" rating and set a $120.00 target price for the company.in a research note on Wednesday, October 25th. Macquarie Research maintained the stock with "Neutral" rating in Friday, December 4 report.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of U.S. and worldwide copyright law. Canadian Imperial Bank of Commerce (TSE:CM) has 0.00% since November 13, 2016 and is. Canadian Imperial Bank of Commerce's payout ratio is now 48.74%.
The company is so far trading down by 0.16% since yesterday's close of 88.84.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, September 28th were given a $1.0329 dividend. The value of the company's investment in Canadian Imperial Bank of Commerce increased from $25,725,000 to $36,226,000 a change of 40.8% since the last quarter. The ex-dividend date was Wednesday, September 27th. This represents a $4.13 dividend on an annualized basis and a dividend yield of 4.62%. Canadian Imperial Bank of Commerce's payout ratio is presently 48.74%.
Canadian Imperial Bank of Commerce is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Firm operates through three divisions: Retail and Business Banking, Wealth Management and Capital Markets.
Dimensional Fund Advisors Lp isn't the only one who has changed their investment in CM.