Omers Administration Corp Lowers stake in Canadian Imperial Bank of Commerce (USA) (CM)

Canadian Imperial Bank of Commerce (USA) (CM) : Omers Administration Corp reduced its stake in Canadian Imperial Bank of Commerce (USA) by 16.45% during the most recent quarter end. The investment management company now holds a total of 2,503,200 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $193,822,776 after selling 493,000 shares in Canadian Imperial Bank of Commerce (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Canadian Imperial Bank of Commerce (USA) makes up approximately 3.95% of Omers Administration Corp’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in CM by selling 23,900 shares or 21.32% in the most recent quarter. The Hedge Fund company now holds 88,227 shares of CM which is valued at $6,831,417. Canadian Imperial Bank of Commerce (USA) makes up approx 0.08% of Public Sector Pension Investment Board’s portfolio.Feltz Wealth Plan reduced its stake in CM by selling 1,010 shares or 74.48% in the most recent quarter. The Hedge Fund company now holds 346 shares of CM which is valued at $26,853.Plante Moran Financial Advisors boosted its stake in CM in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 1,615 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $121,093. Canadian Imperial Bank of Commerce (USA) makes up approx 0.09% of Plante Moran Financial Advisors’s portfolio. Quantbot Technologies Lp added CM to its portfolio by purchasing 11,081 company shares during the most recent quarter which is valued at $830,853. Canadian Imperial Bank of Commerce (USA) makes up approx 0.09% of Quantbot Technologies Lp’s portfolio.

Canadian Imperial Bank of Commerce (USA) opened for trading at $77.8 and hit $78.74 on the upside on Tuesday, eventually ending the session at $78.69, with a gain of 1.46% or 1.13 points. The heightened volatility saw the trading volume jump to 4,99,431 shares. Company has a market cap of $31,057 M.

On the company’s financial health, Canadian Imperial Bank of Commerce (USA) reported $2.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $2.35.Analysts expectations of $ 3719.89.During the same quarter in the previous year, the company posted $2.45 EPS.

Many Wall Street Analysts have commented on Canadian Imperial Bank of Commerce (USA). Shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Sector Perform” and Lowered the Price Target to $ 104 from a previous price target of $106 .

Canadian Imperial Bank of Commerce (CIBC) is a Canada-based financial institution. CIBC serves its clients through three strategic business units: Retail and Business Banking Wealth Management and Wholesale Banking. Its three main operating groups are supported by six functional groups: Technology and Operations; Corporate Development; Finance; Treasury; Administration; and Risk Management which form part of Corporate and Other. Retail and Business Banking provides financial advice banking investment and authorized insurance products and services from over 1100 branches mobile sales force telephone banking and online and mobile banking. Wealth Management provides relationship-based advisory services and a suite of investment solutions to meet the needs of institutional retail and high net worth clients. Wholesale Banking provides a range of credit capital market investment banking merchant banking and research products and services to the clients.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *