Gulf International Bank UK Ltd increased its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 0.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 117,323 shares of the company’s stock after buying an additional 200 shares during the period. Gulf International Bank UK Ltd’s holdings in Canadian Imperial Bank of Commerce were worth $9,092,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Canadian Imperial Bank of Commerce by 10.9% in the second quarter. Vanguard Group Inc. now owns 7,535,109 shares of the company’s stock valued at $565,660,000 after buying an additional 737,562 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Canadian Imperial Bank of Commerce by 56.7% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,555,000 shares of the company’s stock valued at $247,937,000 after buying an additional 924,900 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Canadian Imperial Bank of Commerce during the second quarter valued at approximately $184,664,000. Jarislowsky Fraser Ltd raised its position in shares of Canadian Imperial Bank of Commerce by 6,258.3% in the second quarter. Jarislowsky Fraser Ltd now owns 2,005,415 shares of the company’s stock valued at $81,967,000 after buying an additional 1,973,875 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Canadian Imperial Bank of Commerce by 1.8% in the second quarter. Legal & General Group Plc now owns 1,924,134 shares of the company’s stock valued at $143,775,000 after buying an additional 34,481 shares during the last quarter. Hedge funds and other institutional investors own 52.80% of the company’s stock.

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

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) traded up 0.46% during trading on Tuesday, hitting $78.94. The company had a trading volume of 523,635 shares. Canadian Imperial Bank of Commerce has a 52 week low of $56.29 and a 52 week high of $82.60. The company has a market capitalization of $31.17 billion, a P/E ratio of 10.35 and a beta of 1.06. The stock’s 50-day moving average price is $75.89 and its 200 day moving average price is $77.08.

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CM has been the subject of several recent analyst reports. Bank of America Corp. initiated coverage on Canadian Imperial Bank of Commerce in a report on Tuesday, November 1st. They set an “underperform” rating and a $72.00 price objective for the company. Zacks Investment Research lowered Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Royal Bank Of Canada boosted their price objective on Canadian Imperial Bank of Commerce from $104.00 to $112.00 and gave the stock a “sector perform” rating in a report on Friday, August 26th. Scotiabank reaffirmed a “sector perform” rating and issued a $105.00 target price (up previously from $102.00) on shares of Canadian Imperial Bank of Commerce in a research note on Monday, August 29th. Finally, Desjardins reaffirmed a “buy” rating and issued a $110.00 target price (up previously from $109.00) on shares of Canadian Imperial Bank of Commerce in a research note on Monday, August 29th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $99.07.

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.

5 Day Chart for NYSE:CM

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