Caisse de depot et placement du Quebec Purchases Shares of 694,141 Canadian Imperial Bank of Commerce $CM

Caisse de depot et placement du Quebec acquired a new stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 694,141 shares of the bank’s stock, valued at approximately $79,906,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in Canadian Imperial Bank of Commerce by 1.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 9,716 shares of the bank’s stock worth $880,000 after acquiring an additional 114 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Canadian Imperial Bank of Commerce by 3.1% during the 4th quarter. Sivia Capital Partners LLC now owns 3,832 shares of the bank’s stock worth $347,000 after purchasing an additional 116 shares during the period. Parallel Advisors LLC increased its position in Canadian Imperial Bank of Commerce by 3.5% during the 3rd quarter. Parallel Advisors LLC now owns 3,404 shares of the bank’s stock worth $272,000 after purchasing an additional 116 shares in the last quarter. McIlrath & Eck LLC increased its position in Canadian Imperial Bank of Commerce by 7.1% during the 4th quarter. McIlrath & Eck LLC now owns 1,936 shares of the bank’s stock worth $175,000 after purchasing an additional 128 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Canadian Imperial Bank of Commerce by 12.7% in the fourth quarter. Fifth Third Bancorp now owns 1,337 shares of the bank’s stock valued at $121,000 after buying an additional 151 shares during the period. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM stock opened at $114.85 on Friday. Canadian Imperial Bank of Commerce has a 12 month low of $75.00 and a 12 month high of $124.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $104.84 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.23 and a beta of 1.01. The company’s fifty day moving average price is $117.41 and its two-hundred day moving average price is $108.96.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its earnings results on Thursday, August 27th. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.74 billion. Canadian Imperial Bank of Commerce had a return on equity of 16.31% and a net margin of 15.84%. On average, research analysts anticipate that Canadian Imperial Bank of Commerce will post 7.41 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Monday, September 28th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $4.28 dividend on an annualized basis and a yield of 3.7%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 42.58%.

Key Headlines Impacting Canadian Imperial Bank of Commerce

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: CIBC reported third-quarter earnings of $1.96 per share, exceeding the $1.80 analyst consensus. Net income increased to $2.41 billion from $2.10 billion a year earlier, supported by growth in domestic banking, capital markets and U.S. operations. CIBC beats profit forecast on growth in domestic banking
• Positive Sentiment: Adjusted net income rose 26% to approximately $2.65 billion, while quarterly revenue reached $8.37 billion, indicating strong underlying operating momentum across several business lines. CIBC Announces Third Quarter 2026 Results
• Positive Sentiment: The bank declared a quarterly dividend of $1.07 per share, payable October 28 to shareholders of record September 28. The dividend represents an annualized yield of approximately 3.7%, supporting the stock’s income appeal.
• Neutral Sentiment: Analysts’ recent price targets remain above the current trading range, with a reported median target of $157, although targets do not guarantee future performance.
• Negative Sentiment: Results included $269 million in charges related to the planned sale of CIBC Caribbean Bank, which reduced reported earnings and made the profit beat less compelling to investors.
• Negative Sentiment: CIBC’s CET1 capital ratio slipped to 13.4% from 13.6% in the prior quarter. Management attributed the decline to the Caribbean-related charge, a minority investment closing and share repurchases, but the reduction added to investor caution.
• Negative Sentiment: The market reaction suggests investors were seeking cleaner results or stronger guidance after a substantial rally in Canadian bank shares. Profit-taking and elevated valuations likely amplified the pressure despite the earnings beat.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Canadian Imperial Bank of Commerce from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, July 31st. Raymond James Financial reissued a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, June 16th. Jefferies Financial Group restated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 28th. Finally, Royal Bank Of Canada increased their price target on Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Canadian Imperial Bank of Commerce Profile

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.