12,865 Shares in Canadian Imperial Bank of Commerce $CM Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new position in Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,865 shares of the bank's stock, valued at approximately $1,479,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FIL Ltd increased its holdings in shares of Canadian Imperial Bank of Commerce by 26.1% in the 4th quarter. FIL Ltd now owns 12,756,323 shares of the bank's stock worth $1,156,438,000 after acquiring an additional 2,643,495 shares during the period. Bank of Nova Scotia grew its position in Canadian Imperial Bank of Commerce by 0.5% in the 1st quarter. Bank of Nova Scotia now owns 12,683,488 shares of the bank's stock worth $1,201,762,000 after purchasing an additional 57,210 shares during the last quarter. Cibc World Market Inc. increased its stake in shares of Canadian Imperial Bank of Commerce by 1.3% in the fourth quarter. Cibc World Market Inc. now owns 12,010,183 shares of the bank's stock valued at $1,088,243,000 after purchasing an additional 158,634 shares during the period. Mackenzie Financial Corp increased its stake in shares of Canadian Imperial Bank of Commerce by 69.3% in the fourth quarter. Mackenzie Financial Corp now owns 10,800,606 shares of the bank's stock valued at $986,173,000 after purchasing an additional 4,419,968 shares during the period. Finally, Norges Bank bought a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter valued at approximately $958,383,000. Institutional investors and hedge funds own 49.88% of the company's stock.

Canadian Imperial Bank of Commerce News Roundup

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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CM shares. Jefferies Financial Group reiterated a "hold" rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, May 28th. TD Securities reaffirmed a "buy" rating on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, August 12th. Royal Bank Of Canada boosted their price target on Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the stock an "outperform" rating in a research report on Monday, June 1st. Barclays reissued an "overweight" rating on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 21st. Finally, Scotiabank reissued an "outperform" rating on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.00.

Canadian Imperial Bank of Commerce Trading Down 2.8%

Canadian Imperial Bank of Commerce stock opened at $114.85 on Friday. The firm has a 50 day simple moving average of $117.41 and a 200-day simple moving average of $108.96. 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 stock has a market capitalization of $104.84 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.01. Canadian Imperial Bank of Commerce has a 12-month low of $75.00 and a 12-month high of $124.86.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last announced its earnings results on Thursday, August 27th. The bank reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. Canadian Imperial Bank of Commerce had a return on equity of 16.31% and a net margin of 15.84%.The firm had revenue of $5.97 billion for the quarter, compared to analysts' expectations of $5.74 billion. As a group, equities research analysts expect that Canadian Imperial Bank of Commerce will post 7.41 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Announces Dividend

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

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.

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