AHL Partners LLP Sells 15,091 Shares of Canadian Imperial Bank of Commerce (CM)

AHL Partners LLP lessened its stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 41.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,453 shares of the bank’s stock after selling 15,091 shares during the quarter. AHL Partners LLP’s holdings in Canadian Imperial Bank of Commerce were worth $1,741,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Canadian Imperial Bank of Commerce by 100.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,813,405 shares of the bank’s stock valued at $147,176,000 after purchasing an additional 910,173 shares in the last quarter. Guardian Capital Advisors LP lifted its holdings in Canadian Imperial Bank of Commerce by 0.9% during the second quarter. Guardian Capital Advisors LP now owns 224,019 shares of the bank’s stock worth $24,134,000 after acquiring an additional 2,049 shares during the period. First Allied Advisory Services Inc. bought a new stake in Canadian Imperial Bank of Commerce during the second quarter worth $216,000. PDT Partners LLC lifted its holdings in Canadian Imperial Bank of Commerce by 46.2% during the second quarter. PDT Partners LLC now owns 24,103 shares of the bank’s stock worth $1,957,000 after acquiring an additional 7,619 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Canadian Imperial Bank of Commerce by 181.6% during the second quarter. Stifel Financial Corp now owns 11,324 shares of the bank’s stock worth $918,000 after acquiring an additional 7,303 shares during the period. Institutional investors own 46.45% of the company’s stock.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at 89.94 on Friday. 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 50-day moving average price of $87.32 and a 200-day moving average price of $83.70. The stock has a market capitalization of $39.21 billion, a P/E ratio of 9.94 and a beta of 1.09.

The company also recently declared 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. This represents a $4.13 annualized dividend and a dividend yield of 4.59%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 49.82%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/14/ahl-partners-llp-sells-15091-shares-of-canadian-imperial-bank-of-commerce-cm.html.

A number of analysts recently commented on the company. BidaskClub upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report 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 report on Wednesday, September 6th. Finally, Canaccord Genuity set a $117.00 price target on Canadian Imperial Ban

Several other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Canadian Imperial Bank of Commerce by 100.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,813,405 shares of the bank’s stock valued at $147,176,000 after purchasing an additional 910,173 shares in the last quarter. Guardian Capital Advisors LP lifted its holdings in Canadian Imperial Bank of Commerce by 0.9% during the second quarter. Guardian Capital Advisors LP now owns 224,019 shares of the bank’s stock worth $24,134,000 after acquiring an additional 2,049 shares during the period. First Allied Advisory Services Inc. bought a new stake in Canadian Imperial Bank of Commerce during the second quarter worth $216,000. PDT Partners LLC lifted its holdings in Canadian Imperial Bank of Commerce by 46.2% during the second quarter. PDT Partners LLC now owns 24,103 shares of the bank’s stock worth $1,957,000 after acquiring an additional 7,619 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Canadian Imperial Bank of Commerce by 181.6% during the second quarter. Stifel Financial Corp now owns 11,324 shares of the bank’s stock worth $918,000 after acquiring an additional 7,303 shares during the period. Institutional investors own 46.45% of the company’s stock.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at 89.94 on Friday. 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 50-day moving average price of $87.32 and a 200-day moving average price of $83.70. The stock has a market capitalization of $39.21 billion, a P/E ratio of 9.94 and a beta of 1.09.

The company also recently declared 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. This represents a $4.13 annualized dividend and a dividend yield of 4.59%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.94. The ex-dividend date is Wednesday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 49.82%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/14/ahl-partners-llp-sells-15091-shares-of-canadian-imperial-bank-of-commerce-cm.html.

A number of analysts recently commented on the company. BidaskClub upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a report 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 report 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 report on Thursday, August 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Canadian Imperial Bank of Commerce has an average rating of “Hold” and an average 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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