Stifel Financial Corp Has $13.54 Million Position in Canadian Imperial Bank of Commerce (NYSE:CM)

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Stifel Financial Corp increased its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 56.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,118 shares of the bank’s stock after acquiring an additional 59,010 shares during the quarter. Stifel Financial Corp’s holdings in Canadian Imperial Bank of Commerce were worth $13,541,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CM. First Trust Advisors LP boosted its stake in Canadian Imperial Bank of Commerce by 4.5% in the 3rd quarter. First Trust Advisors LP now owns 486,205 shares of the bank’s stock valued at $40,141,000 after purchasing an additional 20,977 shares during the period. Banco de Sabadell S.A lifted its position in shares of Canadian Imperial Bank of Commerce by 13.5% during the 2nd quarter. Banco de Sabadell S.A now owns 17,600 shares of the bank’s stock worth $1,812,000 after buying an additional 2,100 shares during the last quarter. BB&T Corp increased its holdings in Canadian Imperial Bank of Commerce by 1.7% in the 2nd quarter. BB&T Corp now owns 38,256 shares of the bank’s stock worth $3,005,000 after purchasing an additional 654 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in Canadian Imperial Bank of Commerce by 2.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 281,344 shares of the bank’s stock worth $22,172,000 after purchasing an additional 6,575 shares in the last quarter. Finally, Investec Asset Management LTD increased its holdings in Canadian Imperial Bank of Commerce by 478.2% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the bank’s stock worth $8,803,000 after purchasing an additional 536,357 shares in the last quarter. 44.29% of the stock is currently owned by institutional investors and hedge funds.

CM has been the subject of a number of recent research reports. Zacks Investment Research raised Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Wednesday, November 27th. BMO Capital Markets reaffirmed a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 23rd. National Bank Financial reaffirmed a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 23rd. Barclays reaffirmed a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, August 22nd. Finally, ValuEngine cut Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Canadian Imperial Bank of Commerce has an average rating of “Hold” and an average target price of $122.50.

Shares of CM stock opened at $86.90 on Monday. The stock has a market cap of $38.72 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 2.91 and a beta of 1.17. The stock has a 50-day moving average of $85.79 and a 200-day moving average of $80.54. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. Canadian Imperial Bank of Commerce has a 1-year low of $72.96 and a 1-year high of $87.62.

Canadian Imperial Bank of Commerce Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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

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