Canadian Imperial Bank of Commerce $CM Shares Bought by Lazard Asset Management LLC

Posted by Stanley Muller on Jul 29th, 2026

Lazard Asset Management LLC grew its stake in Canadian Imperial Bank of Commerce (NYSE:CM – Free Report) (TSE:CM) by 14.5% during the 1st quarter, Holdings Channel reports. The fund owned 268,356 shares of the bank’s stock after acquiring an additional 33,924 shares during the period. Lazard Asset Management LLC’s holdings in Canadian Imperial Bank of Commerce were worth $25,438,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CM. EFG International AG purchased a new stake in Canadian Imperial Bank of Commerce during the 4th quarter worth about $35,000. Larson Financial Group LLC raised its stake in Canadian Imperial Bank of Commerce by 119.7% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the bank’s stock valued at $32,000 after purchasing an additional 219 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Canadian Imperial Bank of Commerce in the 4th quarter valued at about $37,000. Global Assets Advisory LLC purchased a new position in Canadian Imperial Bank of Commerce in the 1st quarter valued at about $54,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Canadian Imperial Bank of Commerce by 2,758.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 829 shares of the bank’s stock valued at $75,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 49.88% of the company’s stock.

Canadian Imperial Bank of Commerce Stock Performance

NYSE CM opened at $119.87 on Wednesday. The business’s 50-day moving average price is $114.31 and its 200 day moving average price is $104.94. Canadian Imperial Bank of Commerce has a twelve month low of $71.00 and a twelve month high of $122.50. The company has a market capitalization of $109.42 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.

Canadian Imperial Bank of Commerce (NYSE:CM – Get Free Report) (TSE:CM) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.86 EPS for the quarter, beating the consensus estimate of $1.78 by $0.08. Canadian Imperial Bank of Commerce had a return on equity of 16.31% and a net margin of 15.84%.The company had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The firm’s revenue was up 14.0% on a year-over-year basis. On average, research analysts predict that Canadian Imperial Bank of Commerce will post 7.37 earnings per share for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 28th. Investors of record on Monday, June 29th were given a $1.07 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $4.28 annualized dividend and a dividend yield of 3.6%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 42.58%.

Wall Street Analyst Weigh In

CM has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Canadian Imperial Bank of Commerce from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Zacks Research lowered shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Scotiabank reissued an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, June 16th. Raymond James Financial restated a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada lifted their target price on shares of Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.00.

Check Out Our Latest Analysis on Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce Company Profile

(Free Report)

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.