Delta Lloyd Asset Management N.V. acquired a new stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 57,291 shares of the bank’s stock, valued at approximately $4,659,000.

Several other large investors have also recently bought and sold shares of CM. Strategic Global Advisors LLC purchased a new stake in Canadian Imperial Bank of Commerce during the first quarter valued at about $400,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Canadian Imperial Bank of Commerce by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168,266 shares of the bank’s stock valued at $13,655,000 after buying an additional 13,818 shares in the last quarter. Sprott Inc. purchased a new stake in Canadian Imperial Bank of Commerce during the second quarter valued at about $1,128,000. TD Asset Management Inc. increased its stake in Canadian Imperial Bank of Commerce by 3.1% in the second quarter. TD Asset Management Inc. now owns 20,328,408 shares of the bank’s stock valued at $1,649,658,000 after buying an additional 620,661 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Canadian Imperial Bank of Commerce during the first quarter valued at about $209,000. Hedge funds and other institutional investors own 46.70% of the company’s stock.

Canadian Imperial Bank of Commerce (NYSE CM) opened at 84.60 on Friday. Canadian Imperial Bank of Commerce has a 1-year low of $72.62 and a 1-year high of $92.22. The firm has a market capitalization of $36.88 billion, a PE ratio of 9.75 and a beta of 1.09. The company’s 50-day moving average price is $85.27 and its 200 day moving average price is $83.85.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, September 28th will be given a $1.0329 dividend. The ex-dividend date of this dividend is Wednesday, September 27th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.94. This represents a $4.13 annualized dividend and a yield of 4.88%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 45.25%.

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Several equities research analysts recently issued reports on CM shares. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. National Bank Financial reissued an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, May 18th. Canaccord Genuity started coverage on Canadian Imperial Bank of Commerce in a research note on Tuesday, July 18th. They set a “buy” rating for the company. Finally, BidaskClub cut Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Canadian Imperial Bank of Commerce currently has an average rating of “Hold” and a consensus price target of $101.17.

Canadian Imperial Bank of Commerce Company 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)

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