Canadian Imperial Bank of Commerce $CM Shares Sold by Cardinal Capital Management Inc.

Posted by Brenda Bartman on Aug 12th, 2026

Cardinal Capital Management Inc. lessened its holdings in Canadian Imperial Bank of Commerce (NYSE:CM – Free Report) (TSE:CM) by 1.5% in the second quarter, HoldingsChannel reports. The fund owned 1,533,246 shares of the bank’s stock after selling 23,790 shares during the period. Canadian Imperial Bank of Commerce accounts for 4.3% of Cardinal Capital Management Inc.’s portfolio, making the stock its 4th largest position. Cardinal Capital Management Inc.’s holdings in Canadian Imperial Bank of Commerce were worth $176,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Larson Financial Group LLC increased its position in Canadian Imperial Bank of Commerce by 119.7% during the third quarter. Larson Financial Group LLC now owns 402 shares of the bank’s stock worth $32,000 after acquiring an additional 219 shares during the period. EFG International AG bought a new stake in Canadian Imperial Bank of Commerce in the 4th quarter valued at about $35,000. Global Assets Advisory LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the 1st quarter worth approximately $54,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Canadian Imperial Bank of Commerce by 87.0% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 860 shares of the bank’s stock worth $69,000 after purchasing an additional 400 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Canadian Imperial Bank of Commerce by 2,758.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 829 shares of the bank’s stock valued at $75,000 after buying an additional 800 shares in the last quarter. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CM has been the subject of several recent research reports. Desjardins cut Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Canadian Imperial Bank of Commerce from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, July 31st. Barclays reaffirmed an “overweight” rating on shares of Canadian Imperial Bank of Commerce in a report on Monday, June 1st. Raymond James Financial reiterated 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 increased their target price on Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Check Out Our Latest Research Report on CM

Canadian Imperial Bank of Commerce Price Performance

Shares of NYSE:CM opened at $118.99 on Wednesday. The firm has a 50 day moving average of $115.51 and a 200-day moving average of $106.84. The stock has a market capitalization of $108.62 billion, a PE ratio of 16.34, a PEG ratio of 1.29 and a beta of 1.01. 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 has a 12 month low of $72.57 and a 12 month high of $122.50.

Canadian Imperial Bank of Commerce (NYSE:CM – Get Free Report) (TSE:CM) last issued its quarterly earnings results on Thursday, May 28th. The bank reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. The company had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.86 billion. Canadian Imperial Bank of Commerce had a net margin of 15.84% and a return on equity of 16.31%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 EPS. On average, equities research analysts predict that Canadian Imperial Bank of Commerce will post 7.35 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Monday, June 29th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, June 29th. Canadian Imperial Bank of Commerce’s payout ratio is currently 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.