Virginia Retirement Systems ET AL raised its stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,181 shares of the bank’s stock after purchasing an additional 4,700 shares during the period. Virginia Retirement Systems ET AL owned about 0.09% of Canadian Imperial Bank of Commerce worth $36,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CM. Northwestern Mutual Wealth Management Co. raised its position in shares of Canadian Imperial Bank of Commerce by 55.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the bank’s stock worth $120,000 after acquiring an additional 526 shares in the last quarter. INR Advisory Services LLC acquired a new stake in shares of Canadian Imperial Bank of Commerce during the 2nd quarter worth about $125,000. Quantum Capital Management LLC NJ purchased a new position in Canadian Imperial Bank of Commerce during the 3rd quarter worth approximately $134,000. Nationwide Fund Advisors purchased a new position in Canadian Imperial Bank of Commerce during the 2nd quarter worth approximately $138,000. Finally, D.A. Davidson & CO. purchased a new position in Canadian Imperial Bank of Commerce during the 2nd quarter worth approximately $162,000. 46.46% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. TD Securities upgraded 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. Macquarie assumed coverage on Canadian Imperial Bank of Commerce in a research note on Tuesday, October 24th. They set an “underperform” rating and a $89.00 price target on the stock. Zacks Investment Research downgraded Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity set a $117.00 target price on Canadian Imperial Bank of Commerce and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, Citigroup Inc. downgraded Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $111.50.

Canadian Imperial Bank of Commerce (CM) traded up $0.19 during trading on Monday, hitting $90.48. The company had a trading volume of 88,700 shares, compared to its average volume of 758,807. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. Canadian Imperial Bank of Commerce has a 12-month low of $77.20 and a 12-month high of $92.22. The stock has a market capitalization of $39,800.00, a P/E ratio of 10.98, a PEG ratio of 3.65 and a beta of 1.11.

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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.

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

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