Ativo Capital Management LLC held its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,322 shares of the bank’s stock at the close of the second quarter. Ativo Capital Management LLC’s holdings in Canadian Imperial Bank of Commerce were worth $2,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new position in Canadian Imperial Bank of Commerce during the 2nd quarter worth approximately $593,000. Investec Asset Management PTY Ltd grew its stake in Canadian Imperial Bank of Commerce by 48.3% during the 2nd quarter. Investec Asset Management PTY Ltd now owns 17,373 shares of the bank’s stock worth $1,409,000 after buying an additional 5,659 shares during the last quarter. Investec Asset Management LTD grew its stake in Canadian Imperial Bank of Commerce by 2.3% during the 2nd quarter. Investec Asset Management LTD now owns 3,220,130 shares of the bank’s stock worth $261,315,000 after buying an additional 71,926 shares during the last quarter. Investec Asset Management North America Inc. grew its stake in Canadian Imperial Bank of Commerce by 8.7% during the 2nd quarter. Investec Asset Management North America Inc. now owns 187,186 shares of the bank’s stock worth $15,190,000 after buying an additional 14,906 shares during the last quarter. Finally, Strategic Global Advisors LLC grew its stake in Canadian Imperial Bank of Commerce by 0.6% during the 2nd quarter. Strategic Global Advisors LLC now owns 4,667 shares of the bank’s stock worth $379,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

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Shares of Canadian Imperial Bank of Commerce (NYSE CM) traded up 0.53% on Tuesday, hitting $87.73. The company’s stock had a trading volume of 202,770 shares. The company has a 50 day moving average of $85.53 and a 200 day moving average of $83.59. 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 cap of $38.25 billion, a PE ratio of 9.98 and a beta of 1.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Thursday, September 28th will be issued a dividend of $1.0329 per share. The ex-dividend date 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 dividend yield of 4.73%. Canadian Imperial Bank of Commerce’s dividend payout ratio is 45.25%.

A number of research analysts recently issued reports on the company. BidaskClub upgraded Canadian Imperial Bank of Commerce from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. 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. Finally, Canaccord Genuity set a $117.00 price target on Canadian Imperial Bank of Commerce and gave the stock a “buy” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Canadian Imperial Bank of Commerce currently has an average rating of “Hold” and a consensus price target of $101.80.

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)

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