Cdn Imperial Bk Comm Toronto (CM) Shares Declined While Hillsdale Investment Management INC Increased Stake

May 16, 2018 - By Richard Slagle

Canadian Imperial Bank of Commerce (NYSE:CM) Corporate Logo

According to 2017Q4 Securities and Exchange form the Hillsdale Investment Management Inc rose its holdings in Cdn Imperial Bk Comm Toronto (CM) by 64.56%. 79,890 shares were bought by Hillsdale Investment Management Inc as the company’s stock declined 9.42% with the market. At the end of 2017Q4, the 203,630 shares of the commercial banks company held by the institutional investor were priced at $19.82M, up from 123,740 at the end of the previous reported quarter. $40.64 billion is the market cap of Cdn Imperial Bk Comm Toronto. CM is hitting $90.88 during the last trading session, after increased 0.36%.Canadian Imperial Bank of Commerce has volume of 64,192 shares. Since May 16, 2017 CM has risen 0.83% and is uptrending. The stock underperformed the S&P500 by 10.72%.

The Hillsdale Investment Management Inc’s stake in Rogers Communications Inc Cl B (NYSE:RCI) was decreased by 69,045 shares to 239,915 shares valued at $12.21 million in 2017Q4, according to the filing. It operates about $1.05 billion and $619.74M US Long portfolio. For a total of 1.20 million shares it reduced its holding in Iamgold Corp (NYSE:IAG) by 868,600 shares in the quarter, and has cut its stake in Firstservice Corp New.

For more Canadian Imperial Bank of Commerce (NYSE:CM) news announced recently go to: Fool.ca, Prnewswire.com, Fool.ca, Seekingalpha.com or Fool.ca. The titles are as follows: “2 Top Dividend Stocks to Stash in Your TFSA” announced on April 29, 2018, “This Morning’s Technical Outlook on Banking Stocks — Canadian Imperial Bank of Commerce, Citigroup, Bank of Nova …” on April 30, 2018, “2 Dividend-Growth Stocks Perfect to Boost Your Retirement Income” with a publish date: May 13, 2018, “Bert’s April Dividend Income Summary” and the last “Top 3 Canadian Bank Stocks to Buy Before Earnings” with publication date: May 12, 2018.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Coverage

In total 2 analysts cover Canadian Imperial Bank Of Commerce (NYSE:CM). “Buy” rating has 2, “Sell” are 0, while 0 are “Hold”. 100% are bullish. 2 are the (NYSE:CM)’s analyst reports since December 1, 2017 according to StockzIntelligence Inc. In Tuesday, December 19 report Barclays Capital upgraded the stock to “Overweight” rating. On Friday, December 1 the stock has “Outperform” rating by Credit Suisse.

Canadian Imperial Bank of Commerce (NYSE:CM) Analyst Ratings Chart

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