Hillsdale Investment Management INC Increased Its Stake in Cdn Imperial Bk Comm Toronto (CM) by $7.75 Million as Shares Declined

May 16, 2018 - By Darrell Taylor

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

In 2017Q4 SEC form is reported Hillsdale Investment Management Inc’s holdings in Cdn Imperial Bk Comm Toronto (CM) which was increased by 64.56%. The company’s stock sank 9.42% while Hillsdale Investment Management Inc bought 79,890 shares. At the end of 2017Q4, the institutional investor held 203,630 shares of the commercial banks company, priced at $19.82M, up from 123,740 at the end of the previous reported quarter. Cdn Imperial Bk Comm Toronto has $40.64 billion MC. CM reached $90.88 during the last trading session after $0.33 change.Currently Canadian Imperial Bank of Commerce is uptrending after 0.83% change in last May 16, 2017. CM has 64,192 shares volume. CM underperformed by 10.72% the S&P 500.

According to a filing the Hillsdale Investment Management Inc’s stake in Enerplus Corp Com (NYSE:ERF) was decreased by 428,400 shares to 713,000 shares valued at $6.97 million in 2017Q4. It manages about $1.05 billion and $619.74M US Long portfolio. For a total of 138,100 shares it reduced its holding in Firstservice Corp New by 56,550 shares in the quarter, and has cut its stake in Teck Resources Ltd Cl B (NYSE:TCK).

For more Canadian Imperial Bank of Commerce (NYSE:CM) news released recently go to: Prnewswire.com, Fool.ca, Fool.ca, Fool.ca or Twst.com. The titles are as follows: “This Morning’s Technical Outlook on Banking Stocks — Canadian Imperial Bank of Commerce, Citigroup, Bank of Nova …” released on April 30, 2018, “The 5-Stock Diversified Portfolio: Where Equity Investors Can Start” on May 09, 2018, “Top 3 Canadian Bank Stocks to Buy Before Earnings” with a publish date: May 12, 2018, “2 Top Dividend Stocks to Stash in Your TFSA” and the last “CIBC – Canadian Imperial Bank of Commerce: Media Advisory – CIBC to Announce Second Quarter 2018 Results on …” with publication date: May 08, 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”. (NYSE:CM) has 100% bullish analysts. 2 are the (NYSE:CM)’s ratings reports on 16 May 2018 according to StockzIntelligence Inc. On Tuesday, December 19 the company was upgraded by Barclays Capital. On Friday, December 1 the stock of Canadian Imperial Bank of Commerce (NYSE:CM) has “Outperform” rating given by Credit Suisse.

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

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