Canadian Imperial Bank of Commerce $CM Shares Purchased by Andra AP fonden

Andra AP fonden raised its holdings in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 384,100 shares of the bank’s stock after acquiring an additional 35,900 shares during the period. Andra AP fonden’s holdings in Canadian Imperial Bank of Commerce were worth $30,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CM. American Century Companies Inc. lifted its position in Canadian Imperial Bank of Commerce by 10.8% during the second quarter. American Century Companies Inc. now owns 348,986 shares of the bank’s stock worth $24,772,000 after buying an additional 33,908 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Canadian Imperial Bank of Commerce by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 6,183,439 shares of the bank’s stock worth $438,056,000 after acquiring an additional 262,675 shares during the last quarter. Westerkirk Capital Inc. acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 2nd quarter worth $3,379,000. AGF Management Ltd. raised its holdings in shares of Canadian Imperial Bank of Commerce by 15.2% during the 2nd quarter. AGF Management Ltd. now owns 881,521 shares of the bank’s stock worth $62,908,000 after acquiring an additional 116,190 shares during the period. Finally, Cumberland Partners Ltd boosted its position in shares of Canadian Imperial Bank of Commerce by 50.0% during the 2nd quarter. Cumberland Partners Ltd now owns 14,407 shares of the bank’s stock valued at $1,021,000 after acquiring an additional 4,800 shares during the last quarter. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CM has been the subject of several recent analyst reports. Zacks Research cut shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Raymond James Financial initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, November 25th. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, January 21st. Barclays upgraded Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a report on Thursday, February 19th. Finally, Wall Street Zen raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Canadian Imperial Bank of Commerce has an average rating of “Moderate Buy” and an average target price of $107.50.

Canadian Imperial Bank of Commerce Stock Up 2.9%

Shares of CM opened at $103.70 on Friday. The company’s 50-day simple moving average is $94.05 and its 200-day simple moving average is $86.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.04. Canadian Imperial Bank of Commerce has a 1 year low of $53.62 and a 1 year high of $105.00. The stock has a market capitalization of $96.09 billion, a PE ratio of 17.03, a P/E/G ratio of 1.31 and a beta of 1.02.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Canadian Imperial Bank of Commerce had a net margin of 13.57% and a return on equity of 14.93%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 earnings per share. Analysts forecast that Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Friday, March 27th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.1%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 50.25%.

Key Headlines Impacting Canadian Imperial Bank of Commerce

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: Q1 earnings and revenue materially beat expectations — CIBC reported $2.76 adjusted EPS vs. $1.74 consensus and revenue of $6.16B (vs. $5.53B est.), with revenue up ~15% YoY; the results and accompanying slide deck/conference call suggest broad-based strength across business lines. Q1 results & materials
• Positive Sentiment: Board declared a quarterly common dividend of $1.07 (ex-dividend March 27; payable April 28), representing a ~4.1% yield — supports income-oriented investor demand and signals management confidence in cash flow. Dividend declaration
• Positive Sentiment: Company reported record revenue across divisions and strong profit growth, reinforcing the message that earnings beats were broad-based rather than one-off. Record revenue coverage
• Neutral Sentiment: Market write-ups and retrospectives (including performance pieces) are amplifying the results but add little new fundamental information; these help momentum but aren’t primary drivers. 5-year performance piece
• Neutral Sentiment: News summaries and snapshots reiterate the beat and provide context for traders but largely mirror the company release. Earnings snapshot
• Negative Sentiment: CIBC has warned the Canadian housing downturn may be deeper than official data implies — a more severe housing correction could pressure mortgage lending, provisioning and consumer spending, which is a longer‑term risk to credit performance and growth. Housing downturn warning

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.