Oppenheimer Asset Management Inc. raised its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 5,086.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,491 shares of the bank’s stock after acquiring an additional 9,308 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Canadian Imperial Bank of Commerce were worth $831,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CM. Janney Montgomery Scott LLC raised its stake in shares of Canadian Imperial Bank of Commerce by 14.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,394 shares of the bank’s stock worth $275,000 after purchasing an additional 439 shares during the period. IFP Advisors Inc raised its stake in shares of Canadian Imperial Bank of Commerce by 137.8% during the 2nd quarter. IFP Advisors Inc now owns 2,537 shares of the bank’s stock worth $206,000 after purchasing an additional 1,470 shares during the period. Arizona State Retirement System bought a new stake in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth $1,146,000. Teacher Retirement System of Texas bought a new stake in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth $217,000. Finally, Rhumbline Advisers bought a new stake in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth $771,000. Institutional investors and hedge funds own 44.43% of the company’s stock.

A number of research firms have recently commented on CM. TD Securities upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Wednesday, September 6th. Macquarie began coverage on Canadian Imperial Bank of Commerce in a research note on Tuesday, October 24th. They set an “underperform” rating and a $89.00 target price on the stock. Zacks Investment Research lowered Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Canaccord Genuity set a $117.00 price objective on Canadian Imperial Bank of Commerce and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Citigroup lowered Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Canadian Imperial Bank of Commerce presently has a consensus rating of “Hold” and a consensus target price of $114.00.

Shares of Canadian Imperial Bank of Commerce (CM) opened at $92.72 on Friday. Canadian Imperial Bank of Commerce has a twelve month low of $77.20 and a twelve month high of $96.64. The firm has a market capitalization of $41,235.48, a PE ratio of 11.03, a P/E/G ratio of 4.62 and a beta of 1.12. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, December 28th will be issued a $1.011 dividend. This represents a $4.04 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 47.04%.

TRADEMARK VIOLATION NOTICE: “Canadian Imperial Bank of Commerce (CM) Holdings Boosted by Oppenheimer Asset Management Inc.” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/canadian-imperial-bank-of-commerce-cm-holdings-boosted-by-oppenheimer-asset-management-inc/1767623.html.

Canadian Imperial Bank of Commerce 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)

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.