Capstone Investment Advisors LLC Takes Position in Canadian Imperial Bank of Commerce $CM

Capstone Investment Advisors LLC acquired a new position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 12,865 shares of the bank’s stock, valued at approximately $1,479,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FIL Ltd boosted its holdings in Canadian Imperial Bank of Commerce by 26.1% during the fourth quarter. FIL Ltd now owns 12,756,323 shares of the bank’s stock worth $1,156,438,000 after buying an additional 2,643,495 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Canadian Imperial Bank of Commerce by 0.5% in the first quarter. Bank of Nova Scotia now owns 12,683,488 shares of the bank’s stock valued at $1,201,762,000 after buying an additional 57,210 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Canadian Imperial Bank of Commerce by 1.3% in the fourth quarter. Cibc World Market Inc. now owns 12,010,183 shares of the bank’s stock valued at $1,088,243,000 after buying an additional 158,634 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Canadian Imperial Bank of Commerce by 69.3% during the 4th quarter. Mackenzie Financial Corp now owns 10,800,606 shares of the bank’s stock valued at $986,173,000 after acquiring an additional 4,419,968 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Canadian Imperial Bank of Commerce during the 4th quarter valued at $958,383,000. 49.88% of the stock is owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce Trading Down 2.8%

NYSE CM opened at $114.85 on Friday. Canadian Imperial Bank of Commerce has a twelve month low of $75.00 and a twelve month high of $124.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $104.84 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.23 and a beta of 1.01. The firm’s 50 day moving average price is $117.41 and its two-hundred day moving average price is $108.96.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its earnings results on Thursday, August 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.74 billion. Canadian Imperial Bank of Commerce had a return on equity of 16.31% and a net margin of 15.84%. Equities analysts anticipate that Canadian Imperial Bank of Commerce will post 7.41 EPS for the current year.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Monday, September 28th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, September 28th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 42.58%.

Canadian Imperial Bank of Commerce News Summary

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

• Positive Sentiment: CIBC reported third-quarter earnings of $1.96 per share, exceeding the $1.80 analyst consensus. Net income increased to $2.41 billion from $2.10 billion a year earlier, supported by growth in domestic banking, capital markets and U.S. operations. CIBC beats profit forecast on growth in domestic banking
• Positive Sentiment: Adjusted net income rose 26% to approximately $2.65 billion, while quarterly revenue reached $8.37 billion, indicating strong underlying operating momentum across several business lines. CIBC Announces Third Quarter 2026 Results
• Positive Sentiment: The bank declared a quarterly dividend of $1.07 per share, payable October 28 to shareholders of record September 28. The dividend represents an annualized yield of approximately 3.7%, supporting the stock’s income appeal.
• Neutral Sentiment: Analysts’ recent price targets remain above the current trading range, with a reported median target of $157, although targets do not guarantee future performance.
• Negative Sentiment: Results included $269 million in charges related to the planned sale of CIBC Caribbean Bank, which reduced reported earnings and made the profit beat less compelling to investors.
• Negative Sentiment: CIBC’s CET1 capital ratio slipped to 13.4% from 13.6% in the prior quarter. Management attributed the decline to the Caribbean-related charge, a minority investment closing and share repurchases, but the reduction added to investor caution.
• Negative Sentiment: The market reaction suggests investors were seeking cleaner results or stronger guidance after a substantial rally in Canadian bank shares. Profit-taking and elevated valuations likely amplified the pressure despite the earnings beat.

Analyst Ratings Changes

CM has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 28th. Desjardins downgraded Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a report on Tuesday, August 4th. Royal Bank Of Canada increased their price target on Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Keefe, Bruyette & Woods initiated coverage on Canadian Imperial Bank of Commerce in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Finally, Barclays restated an “overweight” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $167.00.

Canadian Imperial Bank of Commerce Profile

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.