<div id="readability-page-1"><p>Cardinal Capital Management Inc. lessened its stake in shares of  Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) <span>TSE: CM<span></span></span> by 0.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,831,480 shares of the bank's stock after selling 14,589 shares during the period. Canadian Imperial Bank of Commerce comprises about  4.2% of Cardinal Capital Management Inc.'s portfolio, making the stock its 5th largest holding. Cardinal Capital Management Inc. owned 0.20% of Canadian Imperial Bank of Commerce worth $146,445,000 as of its most recent filing with the SEC.</p><ul><li>Why Consumers Are Abandoning Chipotle, Sweetgreen and Cava</li></ul><p>A number of other hedge funds have also modified their holdings of CM. Vanguard Group Inc. lifted its holdings in shares of  Canadian Imperial Bank of Commerce by 3.5% during the second quarter. Vanguard Group Inc. now owns 41,410,285 shares of the bank's stock valued at $2,939,385,000 after purchasing an additional 1,382,123 shares during the last quarter.  Norges Bank acquired a new stake in  Canadian Imperial Bank of Commerce during the 2nd quarter worth about $730,245,000.  CIBC Asset Management Inc lifted its stake in  Canadian Imperial Bank of Commerce by 2.3% during the second quarter. CIBC Asset Management Inc now owns 9,526,562 shares of the bank's stock valued at $675,987,000 after buying an additional 214,180 shares in the last quarter.  Geode Capital Management LLC boosted its holdings in shares of  Canadian Imperial Bank of Commerce by 19.7% in the second quarter. Geode Capital Management LLC now owns 7,547,548 shares of the bank's stock worth $542,697,000 after buying an additional 1,244,271 shares during the period.  Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of  Canadian Imperial Bank of Commerce by 130.2% in the second quarter. The Manufacturers Life Insurance Company now owns 7,354,644 shares of the bank's stock worth $519,312,000 after buying an additional 4,160,060 shares during the period. 49.88% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Canadian Imperial Bank of Commerce Price Performance</h2><p>Shares of NYSE:CM opened at $93.18 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.13. Canadian Imperial Bank of Commerce has a 1 year low of $53.62 and a 1 year high of $93.59. The business has a fifty day simple moving average of $84.78 and a 200 day simple moving average of $77.77. The firm has a market cap of $86.54 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.26 and a beta of 1.02. </p><ul><li>CAVA Stock Looking for Direction After Earnings Miss</li></ul><p>Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) <span>TSE: CM<span></span></span> last issued its earnings results on Thursday, December 4th. The bank reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.08. Canadian Imperial Bank of Commerce had a return on equity of 14.93% and a net margin of 13.57%.The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The business's quarterly revenue was up 14.5% compared to the same quarter last year.  As a group, sell-side analysts predict that  Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current fiscal year. </p><h2>Canadian Imperial Bank of Commerce Increases Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Monday, December 29th will be issued a $1.07 dividend. This is an increase from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.97. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, December 29th. Canadian Imperial Bank of Commerce's dividend payout ratio  is currently 46.31%. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Why Chipotle Stock May Bounce After a Brutal Sell-Off</li></ul><p>CM has been the topic of a number of recent analyst reports. Raymond James Financial assumed coverage on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, November 25th. They set a &#34;market perform&#34; rating on the stock. Wall Street Zen upgraded Canadian Imperial Bank of Commerce from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Monday, November 3rd. Royal Bank Of Canada lifted their price target on Canadian Imperial Bank of Commerce from $112.00 to $113.00 and gave the company an &#34;outperform&#34; rating in a report on Friday, August 29th. Finally, Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Canadian Imperial Bank of Commerce presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $107.50.</p><p><b>Read Our Latest Research Report on CM</b></p><h2>About Canadian Imperial Bank of Commerce</h2> (Free Report)<p>Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.</p><h2>See Also</h2><ul><li>Five stocks we like better than Canadian Imperial Bank of Commerce</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>ServiceNow’s $7 Billion Gamble: Panic or Opportunity?</li><li>Why Invest in High-Yield Dividend Stocks?</li><li>Dell and HP Are Raising Prices—And Investors Should Take Note</li><li>Mastering Discipline: Overcoming Emotional Challenges In Trading</li><li>Why DLocal Is the Top Emerging Market Fintech Stock to Watch for 2026</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNN?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNN"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Canadian Imperial Bank of Commerce Right Now?</h2><p>Before you consider Canadian Imperial Bank of Commerce, you'll want to hear this.</p><p>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.</p><p>While Canadian Imperial Bank of Commerce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Cardinal Capital Management Inc. reduced its stake in Canadian Imperial Bank of Commerce by 0.8% in Q3, now holding 1,831,480 shares worth $146.45 million. The bank's stock is 4.2% of Cardinal's portfolio, its 5th largest holding. Other hedge funds also adjusted their holdings, with significant increases by Vanguard, Norges Bank, and others. Canadian Imperial Bank of Commerce's stock opened at $93.18, with a market cap of $86.54 billion. The bank reported a quarterly EPS of $1.57, beating estimates, and increased its dividend to $1.07 per share.</p>

Cardinal Capital Management Inc. Reduces Stock Holdings in Canadian Imperial Bank of Commerce $CM