Intech Investment Management LLC grew its position in shares of Canadian Imperial Bank of Commerce (NYSE:CM – Free Report) (TSE:CM) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 343,828 shares of the bank’s stock after purchasing an additional 21,078 shares during the period. Intech Investment Management LLC’s holdings in Canadian Imperial Bank of Commerce were worth $31,211,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new position in Canadian Imperial Bank of Commerce in the 3rd quarter worth about $11,217,000. Mackenzie Financial Corp increased its stake in Canadian Imperial Bank of Commerce by 1.1% in the 3rd quarter. Mackenzie Financial Corp now owns 6,380,638 shares of the bank’s stock worth $509,763,000 after acquiring an additional 67,738 shares during the last quarter. Legal & General Group Plc increased its stake in Canadian Imperial Bank of Commerce by 2.0% in the 4th quarter. Legal & General Group Plc now owns 6,475,253 shares of the bank’s stock worth $587,790,000 after acquiring an additional 125,069 shares during the last quarter. Cidel Asset Management Inc. increased its stake in Canadian Imperial Bank of Commerce by 12.2% in the 3rd quarter. Cidel Asset Management Inc. now owns 508,370 shares of the bank’s stock worth $40,632,000 after acquiring an additional 55,138 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Canadian Imperial Bank of Commerce by 34.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,686,816 shares of the bank’s stock worth $134,760,000 after acquiring an additional 435,799 shares during the last quarter. 49.88% of the stock is owned by institutional investors and hedge funds.
Canadian Imperial Bank of Commerce Price Performance
Shares of Canadian Imperial Bank of Commerce stock opened at $109.44 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $100.49 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. The business’s 50-day moving average price is $105.69 and its 200-day moving average price is $97.36. Canadian Imperial Bank of Commerce has a 12 month low of $67.28 and a 12 month high of $117.05.
Canadian Imperial Bank of Commerce Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Monday, June 29th will be given a dividend of $1.07 per share. The ex-dividend date is Monday, June 29th. This represents a $4.28 annualized dividend and a dividend yield of 3.9%. Canadian Imperial Bank of Commerce’s dividend payout ratio is 45.77%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CM shares. Zacks Research lowered Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Jefferies Financial Group restated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday. Barclays upgraded Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research note on Thursday, February 19th. Raymond James Financial restated a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, May 12th. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.50.
Check Out Our Latest Stock Report on CM
Key Headlines Impacting Canadian Imperial Bank of Commerce
Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:
- Positive Sentiment: CIBC reported better-than-expected Q2 2026 results, with EPS of $1.86 topping estimates and revenue rising 14% year over year, reinforcing that core business momentum remains solid. CIBC Q2 2026 Earnings Report
- Positive Sentiment: The bank declared a quarterly dividend of C$1.07 per share, signaling continued confidence in capital generation and offering investors a roughly 3.9% annualized yield. CIBC Dividend Announcement
- Positive Sentiment: CIBC also announced a new normal course issuer bid to repurchase up to 30 million shares, which can support earnings per share and signal management sees the stock as attractive. CIBC Buyback Plan
- Neutral Sentiment: The bank reshaped its senior executive team, a move aimed at improving execution and accelerating its North American growth strategy. CIBC Leadership Changes
- Negative Sentiment: The biggest drag appears to be CIBC’s agreement to sell its Caribbean business for about US$1.6 billion, a move that reduces geographic diversification and may have prompted some investors to take profits despite the earnings beat. CIBC Caribbean Sale
About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.
CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.
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Want to see what other hedge funds are holding CM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Imperial Bank of Commerce (NYSE:CM – Free Report) (TSE:CM).
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