Jones Collombin Investment Counsel Inc maintained its stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the second quarter, Holdings Channel reports. The institutional investor owned 2,410 shares of the bank’s stock at the end of the second quarter. Jones Collombin Investment Counsel Inc’s holdings in Canadian Imperial Bank of Commerce were worth $196,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Opera Trading Capital purchased a new stake in Canadian Imperial Bank of Commerce during the second quarter worth approximately $136,000. Parallel Advisors LLC boosted its stake in Canadian Imperial Bank of Commerce by 7.2% in the first quarter. Parallel Advisors LLC now owns 1,915 shares of the bank’s stock worth $152,000 after buying an additional 129 shares during the last quarter. American Research & Management Co. boosted its stake in Canadian Imperial Bank of Commerce by 473.5% in the second quarter. American Research & Management Co. now owns 2,122 shares of the bank’s stock worth $172,000 after buying an additional 1,752 shares during the last quarter. First Quadrant L P CA purchased a new stake in Canadian Imperial Bank of Commerce during the second quarter worth approximately $191,000. Finally, IFP Advisors Inc boosted its stake in Canadian Imperial Bank of Commerce by 137.8% in the second quarter. IFP Advisors Inc now owns 2,537 shares of the bank’s stock worth $206,000 after buying an additional 1,470 shares during the last quarter. 48.19% of the stock is owned by institutional investors.

Canadian Imperial Bank of Commerce (NYSE CM) opened at 83.95 on Friday. The firm’s 50-day moving average is $84.13 and its 200-day moving average is $84.05. Canadian Imperial Bank of Commerce has a 52 week low of $72.62 and a 52 week high of $92.22. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 8.78 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Wednesday, June 28th were given a dividend of $0.9406 per share. The ex-dividend date was Monday, June 26th. This represents a $3.76 annualized dividend and a dividend yield of 4.48%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 41.18%.

WARNING: “Jones Collombin Investment Counsel Inc Continues to Hold Position in Canadian Imperial Bank of Commerce (NYSE:CM)” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/jones-collombin-investment-counsel-inc-continues-to-hold-position-in-canadian-imperial-bank-of-commerce-nysecm/1474494.html.

CM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Tuesday, July 18th. Canaccord Genuity initiated coverage on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, July 18th. They set a “buy” rating for the company. BidaskClub raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $100.63.

About Canadian Imperial Bank of Commerce

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.

Want to see what other hedge funds are holding CM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM).

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 Analyst Ratings Network's FREE daily email newsletter.