Quantum Capital Management LLC NJ Buys Shares of 1,536 Canadian Imperial Bank of Commerce (CM)

Quantum Capital Management LLC NJ bought a new position in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,536 shares of the bank’s stock, valued at approximately $134,000.

A number of other institutional investors have also added to or reduced their stakes in CM. Dimensional Fund Advisors LP increased its position in shares of Canadian Imperial Bank of Commerce by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 239,987 shares of the bank’s stock valued at $20,689,000 after purchasing an additional 9,819 shares during the last quarter. Creative Planning increased its position in shares of Canadian Imperial Bank of Commerce by 31.0% in the 2nd quarter. Creative Planning now owns 4,899 shares of the bank’s stock valued at $397,000 after purchasing an additional 1,160 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of Canadian Imperial Bank of Commerce by 17.8% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,137 shares of the bank’s stock valued at $255,000 after purchasing an additional 473 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of Canadian Imperial Bank of Commerce in the 2nd quarter valued at approximately $191,000. Finally, US Bancorp DE increased its position in shares of Canadian Imperial Bank of Commerce by 70.1% in the 2nd quarter. US Bancorp DE now owns 12,228 shares of the bank’s stock valued at $993,000 after purchasing an additional 5,038 shares during the last quarter. Institutional investors own 46.46% of the company’s stock.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) opened at $90.48 on Friday. Canadian Imperial Bank of Commerce has a 52-week low of $77.20 and a 52-week high of $92.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $39,454.62, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 3.65 and a beta of 1.11.

A number of equities research analysts have commented on CM shares. TD Securities raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, September 6th. Canaccord Genuity set a $117.00 price objective on shares of Canadian Imperial Bank of Commerce and gave the company a “buy” rating in a research report on Thursday, August 24th. Scotiabank reissued a “hold” rating and issued a $128.00 price objective on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday. Zacks Investment Research downgraded shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Citigroup Inc. downgraded shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Canadian Imperial Bank of Commerce currently has an average rating of “Hold” and a consensus target price of $111.50.

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Canadian Imperial Bank of Commerce Company 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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