Guardian Capital Advisors Lp buys $18.5 Million stake in Canadian Imperial Bank of Commerce (USA) (CM)

Canadian Imperial Bank of Commerce (USA) (CM) : Guardian Capital Advisors Lp scooped up 1,618 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 12, 2016. The investment management firm now holds a total of 236,214 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $18.5 Million.Canadian Imperial Bank of Commerce (USA) makes up approximately 3.42% of Guardian Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group sold out all of its stake in CM during the most recent quarter. The investment firm sold 230 shares of CM which is valued $17,986. Diligent Investors added CM to its portfolio by purchasing 3,006 company shares during the most recent quarter which is valued at $235,069. Canadian Imperial Bank of Commerce (USA) makes up approx 0.26% of Diligent Investors’s portfolio. Tiaa Cref Investment Management added CM to its portfolio by purchasing 767,179 company shares during the most recent quarter which is valued at $58.5 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 0.04% of Tiaa Cref Investment Management’s portfolio.Toron Capital Markets reduced its stake in CM by selling 31,200 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 657,584 shares of CM which is valued at $50.2 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 3.00% of Toron Capital Markets’s portfolio.Russell Frank Co reduced its stake in CM by selling 108,589 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 1,527,315 shares of CM which is valued at $123.4 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 0.21% of Russell Frank Co’s portfolio.

Canadian Imperial Bank of Commerce (USA) opened for trading at $77.26 and hit $77.8 on the upside on Friday, eventually ending the session at $77.31, with a gain of 0.51% or 0.39 points. The heightened volatility saw the trading volume jump to 1,59,579 shares. Company has a market cap of $30,551 M.

On the company’s financial health, Canadian Imperial Bank of Commerce (USA) reported $2.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $2.38.Analysts expectations of $ 3649.05.

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.

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