Creative Planning Sells 642 Shares of Canadian Imperial Bank of Commerce (CM)

Share on StockTwits

Creative Planning trimmed its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,154 shares of the bank’s stock after selling 642 shares during the period. Creative Planning’s holdings in Canadian Imperial Bank of Commerce were worth $757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisor Partners LLC grew its holdings in Canadian Imperial Bank of Commerce by 2.6% during the fourth quarter. Advisor Partners LLC now owns 6,233 shares of the bank’s stock valued at $465,000 after purchasing an additional 156 shares during the period. Townsend & Associates Inc grew its holdings in Canadian Imperial Bank of Commerce by 1.1% during the fourth quarter. Townsend & Associates Inc now owns 23,990 shares of the bank’s stock valued at $1,788,000 after purchasing an additional 270 shares during the period. Winslow Evans & Crocker Inc. grew its holdings in Canadian Imperial Bank of Commerce by 126.0% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 556 shares of the bank’s stock valued at $42,000 after purchasing an additional 310 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Canadian Imperial Bank of Commerce by 0.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 140,028 shares of the bank’s stock valued at $10,438,000 after purchasing an additional 358 shares during the period. Finally, Baskin Financial Services Inc. grew its holdings in Canadian Imperial Bank of Commerce by 12.8% during the fourth quarter. Baskin Financial Services Inc. now owns 5,275 shares of the bank’s stock valued at $393,000 after purchasing an additional 600 shares during the period. 45.79% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on CM shares. Zacks Investment Research cut shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Monday, November 19th. TD Securities reiterated a “buy” rating and issued a $140.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Monday, December 10th. BMO Capital Markets reiterated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, November 30th. Canaccord Genuity reiterated a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, November 22nd. Finally, Desjardins reiterated a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $126.00.

NYSE CM opened at $84.46 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 0.93. Canadian Imperial Bank of Commerce has a 1 year low of $72.96 and a 1 year high of $96.98. The firm has a market cap of $37.70 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 3.70 and a beta of 1.19.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its quarterly earnings results on Thursday, November 29th. The bank reported $3.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.73. Canadian Imperial Bank of Commerce had a net margin of 20.85% and a return on equity of 17.35%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same period in the prior year, the firm posted $2.81 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that Canadian Imperial Bank of Commerce will post 9.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Friday, December 28th were given a $1.034 dividend. This represents a $4.14 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Thursday, December 27th. Canadian Imperial Bank of Commerce’s payout ratio is presently 43.79%.

WARNING: “Creative Planning Sells 642 Shares of Canadian Imperial Bank of Commerce (CM)” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://weekherald.com/2019/02/14/creative-planning-sells-642-shares-of-canadian-imperial-bank-of-commerce-cm.html.

Canadian Imperial Bank of Commerce 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 four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

Featured Story: What is a stock split?

Institutional Ownership by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply