Pictet Asset Management Holding SA Sells 19,820 Shares of Canadian Imperial Bank of Commerce $CM

Posted by Brenda Bartman on Jul 1st, 2026

Pictet Asset Management Holding SA reduced its holdings in Canadian Imperial Bank of Commerce (NYSE:CM – Free Report) (TSE:CM) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 379,527 shares of the bank’s stock after selling 19,820 shares during the period. Pictet Asset Management Holding SA’s holdings in Canadian Imperial Bank of Commerce were worth $35,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CM. Legal & General Group Plc increased its position in shares of Canadian Imperial Bank of Commerce by 2.0% in the fourth quarter. Legal & General Group Plc now owns 6,475,253 shares of the bank’s stock valued at $587,790,000 after acquiring an additional 125,069 shares during the last quarter. Investment Management Corp of Ontario boosted its position in Canadian Imperial Bank of Commerce by 38.6% during the fourth quarter. Investment Management Corp of Ontario now owns 290,749 shares of the bank’s stock valued at $26,345,000 after purchasing an additional 80,914 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Canadian Imperial Bank of Commerce during the third quarter valued at approximately $11,217,000. Mackenzie Financial Corp grew its stake in Canadian Imperial Bank of Commerce by 1.1% in the third quarter. Mackenzie Financial Corp now owns 6,380,638 shares of the bank’s stock valued at $509,763,000 after purchasing an additional 67,738 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in Canadian Imperial Bank of Commerce by 6.5% in the fourth quarter. Intech Investment Management LLC now owns 343,828 shares of the bank’s stock valued at $31,211,000 after purchasing an additional 21,078 shares in the last quarter. 49.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of Canadian Imperial Bank of Commerce in a research note on Monday, June 1st. Weiss Ratings cut shares of Canadian Imperial Bank of Commerce from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 4th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, May 28th. Scotiabank reiterated an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, June 16th. Finally, Royal Bank Of Canada lifted their price objective on shares of Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

View Our Latest Analysis on Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce Stock Up 1.3%

CM opened at $115.10 on Wednesday. Canadian Imperial Bank of Commerce has a 1-year low of $70.68 and a 1-year high of $117.05. The stock’s fifty day simple moving average is $111.54 and its 200 day simple moving average is $101.40. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The stock has a market cap of $105.07 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

Canadian Imperial Bank of Commerce (NYSE:CM – Get Free Report) (TSE:CM) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. Canadian Imperial Bank of Commerce had a net margin of 15.84% and a return on equity of 16.31%. The firm had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, research analysts expect 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 will be paid on Tuesday, July 28th. Investors of record on Monday, June 29th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $4.28 annualized dividend and a dividend yield of 3.7%. Canadian Imperial Bank of Commerce’s payout ratio is presently 42.58%.

Canadian Imperial Bank of Commerce 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.