Canadian Imperial Bank of Commerce (NYSE:CM) Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp trimmed its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,400 shares of the bank’s stock after selling 600 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Canadian Imperial Bank of Commerce were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in Canadian Imperial Bank of Commerce by 4.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,161 shares of the bank’s stock worth $255,000 after purchasing an additional 194 shares during the last quarter. MML Investors Services LLC raised its position in Canadian Imperial Bank of Commerce by 0.5% during the third quarter. MML Investors Services LLC now owns 44,008 shares of the bank’s stock worth $2,699,000 after acquiring an additional 237 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Canadian Imperial Bank of Commerce by 27.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,161 shares of the bank’s stock worth $73,000 after acquiring an additional 250 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Canadian Imperial Bank of Commerce by 5.7% during the fourth quarter. Fifth Third Bancorp now owns 4,971 shares of the bank’s stock worth $314,000 after buying an additional 270 shares in the last quarter. Finally, Prospera Private Wealth LLC grew its holdings in shares of Canadian Imperial Bank of Commerce by 3.2% during the third quarter. Prospera Private Wealth LLC now owns 10,486 shares of the bank’s stock worth $643,000 after buying an additional 330 shares in the last quarter. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce Trading Up 1.4 %

Shares of CM stock opened at $58.19 on Thursday. Canadian Imperial Bank of Commerce has a 1 year low of $46.50 and a 1 year high of $67.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $62.13 and its 200 day simple moving average is $62.06. The firm has a market capitalization of $54.84 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.62 and a beta of 1.07.

Canadian Imperial Bank of Commerce Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.6723 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.69 dividend on an annualized basis and a dividend yield of 4.62%. Canadian Imperial Bank of Commerce’s dividend payout ratio is 48.03%.

Analysts Set New Price Targets

CM has been the topic of a number of recent research reports. StockNews.com raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada upgraded shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $97.00 to $103.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $92.00.

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.