Canadian Imperial Bank of Commerce (NYSE:CM).
Omers Administration Corp says it decreased its position in Canadian Imperial Bank of Commerce stock by 0.2% as reported in a filing on 11/15/2017. Its stake was valued at $324,489,000 an increase of 7.4% as of quarter end.
Here are a few institutional investors who have updated their positions. Baird Financial Group, Inc. cut its investment by selling 608 shares a decrease of 1.5% as of 09/30/2017. Baird Financial Group, Inc. claims 39,791 shares valued at $3,483,000. The value of the position overall is up by 6.2%. As of the end of the quarter Raymond James & Associates had acquired 286,624 shares growing its holdings by 959.1%. The value of the investment in Canadian Imperial Bank of Commerce increased from $2,429,000 to $27,710,000 a change of 1,040.8% for the reporting period.
As of quarter end Agf Investments Inc. had sold a total of 42,725 shares trimming its stake by 10.1%. The value of the investment in (CM) went from $34,331,000 to $33,203,000 a change of $1,128,000 quarter over quarter.
Macquarie issued a report on CM by announcing an initial rating of “Underperform”.
On August 24 analysts at Canaccord Genuity updated guidance on CM and giving a rating of “Buy” and a price target of $117.00.
The company is now down since yesterday’s close of 88.4. The most current P/E ratio is 10.18 and the market value is 38.72B. In the last earnings report the EPS was $8.64 with 439.63M shares now outstanding.
Traders are a little more bullish on the company lately if you put credence in the downtick in short interest. The company experienced a fall in short interest from October 13, 2017 to October 31, 2017 of -5.40%. Short shares fell 431,395 over that period. With short interest at 7,558,122 and short average daily volume at 575,897, the short-interest ratio is 13.0 and the short interest percentage is 0.02% as of October 31.