Sustainable Insight Capital Management LLC Has $436,000 Position in Canadian Imperial Bank of Commerce (NYSE:CM)

Sustainable Insight Capital Management LLC lowered its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,900 shares of the bank’s stock after selling 500 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Canadian Imperial Bank of Commerce were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in shares of Canadian Imperial Bank of Commerce by 279.6% during the 2nd quarter. Renaissance Technologies LLC now owns 154,499 shares of the bank’s stock worth $7,343,000 after purchasing an additional 113,800 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Canadian Imperial Bank of Commerce by 6.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,568 shares of the bank’s stock valued at $407,000 after purchasing an additional 543 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Canadian Imperial Bank of Commerce by 2.3% in the second quarter. Ensign Peak Advisors Inc now owns 61,500 shares of the bank’s stock valued at $3,031,000 after buying an additional 1,400 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Canadian Imperial Bank of Commerce in the second quarter valued at about $407,000. Finally, AXA S.A. increased its position in Canadian Imperial Bank of Commerce by 373.3% in the 2nd quarter. AXA S.A. now owns 805,845 shares of the bank’s stock valued at $38,310,000 after acquiring an additional 635,592 shares in the last quarter. Institutional investors and hedge funds own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Price Performance

CM opened at $63.60 on Friday. The company has a fifty day simple moving average of $64.15 and a 200 day simple moving average of $59.68. 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 has a market cap of $59.94 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.67 and a beta of 1.06. Canadian Imperial Bank of Commerce has a 12 month low of $43.86 and a 12 month high of $67.45.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th will be issued a $0.6912 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.35%. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, December 27th. Canadian Imperial Bank of Commerce’s payout ratio is 51.22%.

Analyst Ratings Changes

Several research firms recently issued reports on CM. StockNews.com upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada upgraded shares of 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.