Keybank National Association OH Has $282,000 Holding in Canadian Imperial Bank of Commerce (CM)

Keybank National Association OH Has $282,000 Holding in Canadian Imperial Bank of Commerce (CM)

Keybank National Association OH reduced its stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 1.5% during the first quarter, Holdings Channel reports. The firm owned 3,276 shares of the bank’s stock after selling 50 shares during the period. Keybank National Association OH’s holdings in Canadian Imperial Bank of Commerce were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. FNY Partners Fund LP acquired a new position in shares of Canadian Imperial Bank of Commerce during the fourth quarter valued at $114,000. Parallel Advisors LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the fourth quarter valued at $146,000. Tyers Asset Management LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the fourth quarter valued at $158,000. Flinton Capital Management LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the fourth quarter valued at $191,000. Finally, ARP Americas LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the first quarter valued at $241,000. Institutional investors own 53.01% of the company’s stock.

Canadian Imperial Bank of Commerce (NYSE:CM) opened at 78.25 on Monday. The stock’s 50 day moving average price is $79.96 and its 200-day moving average price is $83.81. The stock has a market cap of $31.43 billion, a price-to-earnings ratio of 8.87 and a beta of 1.06. Canadian Imperial Bank of Commerce has a 12 month low of $72.62 and a 12 month high of $92.22.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Wednesday, June 28th will be paid a $0.9406 dividend. The ex-dividend date of this dividend is Monday, June 26th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.81%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 45.28%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Credit Suisse Group AG upgraded Canadian Imperial Bank of Commerce from an “underperform” rating to a “neutral” rating in a research report on Friday, March 31st. National Bank Financial restated an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, May 18th. Finally, Keefe, Bruyette & Woods upgraded Canadian Imperial Bank of Commerce from an “underperform” rating to a “mkt perform” rating in a research report on Friday, February 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $101.44.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) 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 Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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