--- title: "Federated Hermes Inc. Has $9.67 Million Holdings in Canadian Imperial Bank of Commerce $CM" description: "Federated Hermes Inc. reduced its stake in Canadian Imperial Bank of Commerce (NYSE:CM) by 88% in Q3, holding 120,973 shares valued at $9.67 million. Other hedge funds also adjusted their positions. T" type: "news" locale: "en" url: "https://longbridge.com/en/news/274484869.md" published_at: "2026-02-02T08:35:27.000Z" --- # Federated Hermes Inc. Has $9.67 Million Holdings in Canadian Imperial Bank of Commerce $CM > Federated Hermes Inc. reduced its stake in Canadian Imperial Bank of Commerce (NYSE:CM) by 88% in Q3, holding 120,973 shares valued at $9.67 million. Other hedge funds also adjusted their positions. The bank's stock opened at $92.37, with a market cap of $85.59 billion. CIBC reported Q4 earnings of $1.57 per share, exceeding estimates, and increased its quarterly dividend to $1.07. Analysts have upgraded the stock's rating, with a consensus rating of "Moderate Buy" and an average target price of $107.50. Federated Hermes Inc. cut its stake in Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM by 88.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,973 shares of the bank's stock after selling 884,943 shares during the period. Federated Hermes Inc.'s holdings in Canadian Imperial Bank of Commerce were worth $9,665,000 as of its most recent filing with the Securities and Exchange Commission. - 2025’s Most Downgraded Stocks: Buy, Sell, or Hold in 2026 Several other hedge funds have also modified their holdings of CM. Salem Investment Counselors Inc. acquired a new stake in shares of Canadian Imperial Bank of Commerce in the third quarter valued at approximately $30,000. Toth Financial Advisory Corp bought a new position in Canadian Imperial Bank of Commerce in the 3rd quarter valued at $32,000. AdvisorNet Financial Inc boosted its position in Canadian Imperial Bank of Commerce by 300.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 400 shares of the bank's stock valued at $32,000 after buying an additional 300 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 2nd quarter valued at $34,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of Canadian Imperial Bank of Commerce during the third quarter worth $34,000. 49.88% of the stock is owned by institutional investors. ## Canadian Imperial Bank of Commerce Trading Down 2.9% Shares of Canadian Imperial Bank of Commerce stock opened at $92.37 on Monday. The stock has a market cap of $85.59 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.26 and a beta of 1.02. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. Canadian Imperial Bank of Commerce has a 12-month low of $53.62 and a 12-month high of $95.20. The business's 50 day moving average is $90.98 and its 200-day moving average is $83.05. - 3 Picks-and-Shovels Ways to Invest in AI Without Betting on Chipmakers Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last issued its earnings results on Thursday, December 4th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Canadian Imperial Bank of Commerce had a net margin of 13.57% and a return on equity of 14.93%. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the business posted $1.91 EPS. Canadian Imperial Bank of Commerce's revenue was up 14.5% on a year-over-year basis. Equities research analysts predict that Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current fiscal year. ## Canadian Imperial Bank of Commerce Increases Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Monday, December 29th were paid a $1.07 dividend. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.97. The ex-dividend date was Monday, December 29th. This represents a $4.28 annualized dividend and a yield of 4.6%. Canadian Imperial Bank of Commerce's dividend payout ratio is presently 50.25%. ## Analyst Upgrades and Downgrades - Why Consumers Are Abandoning Chipotle, Sweetgreen and Cava Several research analysts have recently issued reports on CM shares. Zacks Research raised shares of Canadian Imperial Bank of Commerce from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 31st. Wall Street Zen raised shares of Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, January 21st. Finally, Raymond James Financial initiated coverage on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, November 25th. They set a "market perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.50. **View Our Latest Report on CM** ## 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. ## Read More - Five stocks we like better than Canadian Imperial Bank of Commerce - Trump just signed it - New Banking Law #1582 Could Unlock $21 Trillion for Americans - Buy this Gold Stock Before May 2026 - This is the Exact Moment the AI Boom Will End - ALERT: Drop these 5 stocks before the market opens tomorrow! *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in Canadian Imperial Bank of Commerce Right Now? Before you consider Canadian Imperial Bank of Commerce, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Imperial Bank of Commerce wasn't on the list. While Canadian Imperial Bank of Commerce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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