Dimensional Fund Advisors LP increased its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 4.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 239,987 shares of the bank’s stock after buying an additional 9,819 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Canadian Imperial Bank of Commerce worth $20,689,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wetherby Asset Management Inc. boosted its position in shares of Canadian Imperial Bank of Commerce by 4.3% in the first quarter. Wetherby Asset Management Inc. now owns 6,059 shares of the bank’s stock worth $522,000 after buying an additional 251 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Canadian Imperial Bank of Commerce by 12.0% in the first quarter. Russell Investments Group Ltd. now owns 1,949,562 shares of the bank’s stock worth $167,665,000 after buying an additional 209,417 shares during the last quarter. ARP Americas LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the first quarter worth approximately $241,000. Nikko Asset Management Americas Inc. boosted its position in shares of Canadian Imperial Bank of Commerce by 32.3% in the first quarter. Nikko Asset Management Americas Inc. now owns 25,800 shares of the bank’s stock worth $2,220,000 after buying an additional 6,300 shares during the last quarter. Finally, K.J. Harrison & Partners Inc boosted its position in shares of Canadian Imperial Bank of Commerce by 64.8% in the first quarter. K.J. Harrison & Partners Inc now owns 14,562 shares of the bank’s stock worth $1,253,000 after buying an additional 5,727 shares during the last quarter. Hedge funds and other institutional investors own 48.19% of the company’s stock.

Shares of Canadian Imperial Bank of Commerce (CM) traded down 0.49% during midday trading on Friday, reaching $83.54. 147,479 shares of the company’s stock were exchanged. Canadian Imperial Bank of Commerce has a 12-month low of $72.62 and a 12-month high of $92.22. The stock has a market cap of $33.55 billion, a PE ratio of 8.73 and a beta of 1.09. The stock’s 50 day moving average is $84.13 and its 200-day moving average is $84.05.

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Wednesday, June 28th were paid a $0.9406 dividend. This represents a $3.76 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Monday, June 26th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 41.18%.

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A number of brokerages recently commented on CM. Zacks Investment Research upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Canadian Imperial Bank of Commerce from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Canaccord Genuity began coverage on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, July 18th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $100.63.

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.

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

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