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

May 16, 2018 - By Sonya McDaniel

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

Based on the latest 2017Q4 regulatory filing with the SEC, Hillsdale Investment Management Inc rose its stake in Cdn Imperial Bk Comm Toronto (CM) by 64.56%. The company’s stock declined 9.42% with the market as Hillsdale Investment Management Inc bought 79,890 shares. The commercial banks company announced $19.82M value for the 2017Q4. Now the institutional investor is holding 203,630 shares, compared to the 123,740 from the previous quarter. $40.64 billion is the market cap of Cdn Imperial Bk Comm Toronto. CM touched $90.88 during the last trading session after $0.33 change.Canadian Imperial Bank of Commerce has volume of 64,192 shares. Since May 16, 2017 CM has risen 0.83% and is uptrending. CM underperformed by 10.72% the S&P 500.

Hillsdale Investment Management Inc operates about $1.05B and $619.74M US Long portfolio. It reduced its stake in Firstservice Corp New by 56,550 shares to 138,100 shares, valued at $9.65M in 2017Q4, according to the filing. Hillsdale Investment Management Inc has cut its stake in Kirkland Lake Gold Ltd Com and also reduced its holding in Enerplus Corp Com (NYSE:ERF) by 428,400 shares in the quarter, for a total of 713,000 shares.

For more Canadian Imperial Bank of Commerce (NYSE:CM) news brought out recently go to: Fool.ca, Fool.ca, Twst.com, Fool.ca or Fool.ca. The titles are as follows: “The 5-Stock Diversified Portfolio: Where Equity Investors Can Start” brought out on May 09, 2018, “2 Top Dividend Stocks to Stash in Your TFSA” on April 29, 2018, “CIBC – Canadian Imperial Bank of Commerce: Media Advisory – CIBC to Announce Second Quarter 2018 Results on …” with a publish date: May 08, 2018, “2 Dividend-Growth Stocks Perfect to Boost Your Retirement Income” 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

Total analysts of 2 have positions in Canadian Imperial Bank Of Commerce (NYSE:CM) as follows: 2 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since December 1, 2017 according to StockzIntelligence Inc Canadian Imperial Bank Of Commerce has 2 analyst reports. On Friday, December 1 the rating was upgraded by Credit Suisse to “Outperform”. On Tuesday, December 19 the firm earned “Overweight” rating by Barclays Capital.

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

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