Connor, Clark & Lunn Investment Management Reduces $11M in Canadian Imperial Bank of Commerce ($CM)
Key Points
- Connor, Clark & Lunn Investment Management changed its Canadian Imperial Bank of Commerce ($CM) stake by 1.1% last quarter, cutting to 9,134,241 shares worth $1.02 billion.
- Wall Street's consensus rating on $CM is Buy and an average price target of $110.96.
- $CM last traded around $111.84.
Connor, Clark & Lunn Investment Management trimmed its position in Canadian Imperial Bank of Commerce ($CM) by 1.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,134,241 shares of Canadian Imperial Bank of Commerce after selling 97,111 shares during the quarter. Connor, Clark & Lunn Investment Management's holdings in Canadian Imperial Bank of Commerce were worth $1.02 billion as of its most recent filing.
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About Canadian Imperial Bank of Commerce
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. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, agriculture, and business accounts; mortgages; business, car, education, home, and other loans; lines of credit and agriculture loans; and cash management, small business financing, and overdraft protection services. The company also provides investment and insurance services; healthcare banking; credit cards; private banking, wealth planning, investment management, and estate planning and trust; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.