Kernodle Katon Asset Management Group buys $559,443 stake in Canadian Imperial Bank of Commerce (USA) (CM)

Canadian Imperial Bank of Commerce (USA) (CM) : Kernodle Katon Asset Management Group scooped up 5,847 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 11, 2016. The investment management firm now holds a total of 7,154 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $559,443.Canadian Imperial Bank of Commerce (USA) makes up approximately 0.53% of Kernodle Katon Asset Management Group’s portfolio.

Other Hedge Funds, Including , Letko Brosseau Associates Inc boosted its stake in CM in the latest quarter, The investment management firm added 49,700 additional shares and now holds a total of 55,970 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $4.4 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 0.04% of Letko Brosseau Associates Inc’s portfolio.First Trust Advisors Lp boosted its stake in CM in the latest quarter, The investment management firm added 13,183 additional shares and now holds a total of 106,716 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $8.3 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 0.03% of First Trust Advisors Lp’s portfolio.Schroder Investment Management Group reduced its stake in CM by selling 145,160 shares or 64.97% in the most recent quarter. The Hedge Fund company now holds 78,266 shares of CM which is valued at $6.1 Million. Canadian Imperial Bank of Commerce (USA) makes up approx 0.01% of Schroder Investment Management Group’s portfolio. 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.Quadrant Capital Group boosted its stake in CM in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 359 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $28,996. Canadian Imperial Bank of Commerce (USA) makes up approx 0.02% of Quadrant Capital Group’s portfolio.

Canadian Imperial Bank of Commerce (USA) opened for trading at $78.36 and hit $79.04 on the upside on Monday, eventually ending the session at $78.61, with a gain of 0.52% or 0.41 points. The heightened volatility saw the trading volume jump to 2,08,876 shares. Company has a market cap of $31,065 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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