AMF Pensionsforsakring AB Has $33,254,000 Position in Canadian Imperial Bank of Commerce (NYSE:CM)

AMF Pensionsforsakring AB held its stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 386,756 shares of the bank’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned approximately 0.10% of Canadian Imperial Bank of Commerce worth $33,254,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Opera Trading Capital acquired a new stake in Canadian Imperial Bank of Commerce during the second quarter worth $136,000. Parallel Advisors LLC increased 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 period. First Quadrant L P CA acquired a new stake in Canadian Imperial Bank of Commerce during the second quarter worth $191,000. Koch Industries Inc. acquired a new stake in Canadian Imperial Bank of Commerce during the first quarter worth $207,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Canadian Imperial Bank of Commerce during the first quarter worth $209,000. 48.19% of the stock is owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce (CM) opened at 84.16 on Friday. The firm has a market cap of $33.80 billion, a PE ratio of 8.80 and a beta of 1.09. Canadian Imperial Bank of Commerce has a 12-month low of $72.62 and a 12-month high of $92.22. The stock has a 50 day moving average of $84.22 and a 200 day moving average of $84.05.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Wednesday, June 28th were paid a $0.9406 dividend. The ex-dividend date was Monday, June 26th. This represents a $3.76 annualized dividend and a dividend yield of 4.47%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 41.18%.

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Several brokerages have commented on CM. Canaccord Genuity began coverage on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, July 18th. They issued 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 note on Thursday, July 13th. Zacks Investment Research raised shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, May 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target 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.

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

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