Kernodle Katon Asset Management Group buys $1,067,218 stake in Canadian Imperial Bank of Commerce (USA) (CM)

Canadian Imperial Bank of Commerce (USA) (CM) : Kernodle Katon Asset Management Group scooped up 6,629 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 Aug 11, 2016. The investment management firm now holds a total of 13,783 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $1,067,218.Canadian Imperial Bank of Commerce (USA) makes up approximately 0.96% of Kernodle Katon Asset Management Group’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in CM in the latest quarter, The investment management firm added 155,416 additional shares and now holds a total of 1,358,659 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $105,200,966. Canadian Imperial Bank of Commerce (USA) makes up approx 0.13% of Credit Suisse Ag’s portfolio.Wetherby Asset Management Inc boosted its stake in CM in the latest quarter, The investment management firm added 736 additional shares and now holds a total of 5,700 shares of Canadian Imperial Bank of Commerce (USA) which is valued at $441,351. Canadian Imperial Bank of Commerce (USA) makes up approx 0.09% of Wetherby Asset Management Inc’s portfolio. Dynamic Technology Lab Private Ltd added CM to its portfolio by purchasing 5,777 company shares during the most recent quarter which is valued at $447,313. Canadian Imperial Bank of Commerce (USA) makes up approx 0.11% of Dynamic Technology Lab Private Ltd’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.Dekabank Deutsche Girozentrale reduced its stake in CM by selling 2,635 shares or 4.43% in the most recent quarter. The Hedge Fund company now holds 56,837 shares of CM which is valued at $4,286,078. Canadian Imperial Bank of Commerce (USA) makes up approx 0.05% of Dekabank Deutsche Girozentrale’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.

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