Yousif Capital Management LLC Has $799,000 Holdings in Canadian Imperial Bank of Commerce (NYSE:CM)

Yousif Capital Management LLC cut its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,641 shares of the bank’s stock after selling 1,430 shares during the quarter. Yousif Capital Management LLC’s holdings in Canadian Imperial Bank of Commerce were worth $799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crews Bank & Trust acquired a new position in shares of Canadian Imperial Bank of Commerce during the 4th quarter worth $25,000. BNP Paribas Financial Markets bought a new position in Canadian Imperial Bank of Commerce in the third quarter valued at about $44,000. Blue Trust Inc. lifted its holdings in shares of Canadian Imperial Bank of Commerce by 571.6% in the third quarter. Blue Trust Inc. now owns 732 shares of the bank’s stock worth $45,000 after acquiring an additional 623 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 worth $46,000 after acquiring an additional 663 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Canadian Imperial Bank of Commerce by 27.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,161 shares of the bank’s stock valued at $73,000 after purchasing an additional 250 shares in the last quarter. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on CM shares. Royal Bank of Canada upgraded Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $97.00 to $103.00 in a report on Wednesday, January 8th. StockNews.com upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Imperial Bank of Commerce Trading Up 0.1 %

NYSE CM opened at $62.10 on Friday. 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 stock’s 50-day simple moving average is $63.40 and its two-hundred day simple moving average is $61.10. Canadian Imperial Bank of Commerce has a twelve month low of $45.13 and a twelve month high of $67.45. The company has a market capitalization of $58.53 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.64 and a beta of 1.05.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th were issued a $0.6912 dividend. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. The ex-dividend date was Friday, December 27th. This represents a $2.76 annualized dividend and a dividend yield of 4.45%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 51.22%.

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.