Scheer Rowlett Associates Investment Management Ltd. buys $156.2 Million stake in Canadian Imperial Bank of Commerce (USA) (CM)

Canadian Imperial Bank of Commerce (USA) (CM) : Scheer Rowlett Associates Investment Management Ltd. scooped up 60,345 additional shares in Canadian Imperial Bank of Commerce (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,997,245 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $156.2 Million.Canadian Imperial Bank of Commerce (USA) makes up approximately 8.66% of Scheer Rowlett Associates Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Cetera Advisors reduced its stake in CM by selling 1,196 shares or 9.22% in the most recent quarter. The Hedge Fund company now holds 11,774 shares of CM which is valued at $920,727. Canadian Imperial Bank of Commerce (USA) makes up approx 0.08% of Cetera Advisors’s portfolio.1832 Asset Management boosted its stake in CM in the latest quarter, The investment management firm added 2,207,501 additional shares and now holds a total of 8,759,777 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $685 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 2.72% of 1832 Asset Management’s portfolio.Cls Investments reduced its stake in CM by selling 219 shares or 6.62% in the most recent quarter. The Hedge Fund company now holds 3,089 shares of CM which is valued at $241,560. Canadian Imperial Bank of Commerce (USA) makes up approx 0.01% of Cls Investments’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh reduced its stake in CM by selling 5,000 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 75,000 shares of CM which is valued at $5.7 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 0.29% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.

Canadian Imperial Bank of Commerce (USA) opened for trading at $78.58 and hit $79.61 on the upside on Wednesday, eventually ending the session at $79.43, with a gain of 1.57% or 1.23 points. The heightened volatility saw the trading volume jump to 4,17,541 shares. Company has a market cap of $31,389 M.

On the company’s financial health, Canadian Imperial Bank of Commerce (USA) reported $2.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 26, 2016. Analyst had a consensus of $2.32.Analysts expectations of $ 3643.32.

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.

Leave a Reply

Canadian Imperial Bank of Commerce (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Canadian Imperial Bank of Commerce (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.