Schroder Investment Management Group lessened its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 16.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 375,562 shares of the bank’s stock after selling 71,336 shares during the quarter. Schroder Investment Management Group owned approximately 0.09% of Canadian Imperial Bank of Commerce worth $39,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. INR Advisory Services LLC purchased a new position in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth $125,000. Opera Trading Capital purchased a new position in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth $136,000. Parallel Advisors LLC boosted its stake in shares of Canadian Imperial Bank of Commerce by 7.2% during the 1st quarter. Parallel Advisors LLC now owns 1,915 shares of the bank’s stock worth $152,000 after acquiring an additional 129 shares during the last quarter. American Research & Management Co. boosted its stake in shares of Canadian Imperial Bank of Commerce by 473.5% during the 2nd quarter. American Research & Management Co. now owns 2,122 shares of the bank’s stock worth $172,000 after acquiring an additional 1,752 shares during the last quarter. Finally, First Quadrant L P CA purchased a new position in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth $191,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at 86.66 on Monday. The company has a market capitalization of $37.78 billion, a P/E ratio of 9.99 and a beta of 1.08. Canadian Imperial Bank of Commerce has a 12 month low of $72.62 and a 12 month high of $92.22. The stock’s 50 day moving average is $85.25 and its 200 day moving average is $83.76.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Thursday, September 28th will be issued a dividend of $1.0329 per share. The ex-dividend date of this dividend is Wednesday, September 27th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.94. This represents a $4.13 dividend on an annualized basis and a yield of 4.77%. Canadian Imperial Bank of Commerce’s dividend payout ratio is 45.25%.

Several research analysts have recently weighed in on the stock. Canaccord Genuity set a $117.00 price target on shares of Canadian Imperial Bank of Commerce and gave the stock a “buy” rating in a research note on Thursday, August 24th. BidaskClub cut shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Tuesday, July 18th. TD Securities upgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, September 6th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $101.80.

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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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