Intech Investment Management Reduces $9M in Canadian Imperial Bank of Commerce ($CM)

Intech Investment Management has reduced its holdings in Canadian Imperial Bank of Commerce (NYSE:CM) by 22.68%, according to its latest 13F filing with the SEC. The fund sold 77,993 shares, bringing its total position to 265,835 shares, valued at approximately $30.16 million as of the filing date on May 8, 2026.

What Changed in Intech Investment Management's Canadian Imperial Bank of Commerce Position

Intech Investment Management's decision to cut its stake resulted in a reduction from 343,828 shares to 265,835 shares, a decrease of 77,993 shares. This represents a 22.68% reduction in its position, with the current value of the holdings standing at about $30.16 million.

Other Institutional Activity in Canadian Imperial Bank of Commerce

Within the same period, other institutional investors also adjusted their positions in Canadian Imperial Bank of Commerce. Royal Bank of Canada increased its holdings by 72,730 shares, ending with 66,241,847 shares valued at approximately $6.28 billion. In contrast, Bank of Montreal trimmed its position by 1,468,035 shares to hold 40,932,860 shares worth about $3.88 billion. TD Asset Management reduced its stake by 82,949 shares, now holding 22,617,569 shares valued at $2.14 billion. Meanwhile, National Bank of Canada decreased its holdings by 637,764 shares, maintaining 12,952,062 shares valued at $1.23 billion.

Canadian Imperial Bank of Commerce Stock Snapshot

Shares of Canadian Imperial Bank of Commerce traded near $113.46. The bank has a market capitalization of approximately $103.57 billion and a P/E ratio of 15.69. It has a 52-week low of $68.32 and a high of $117.05, with a 50-day moving average of $109.05 and a 200-day moving average of $93.87. The stock's beta is 1.278, indicating a moderate level of volatility compared to the market.

Recent Earnings

Canadian Imperial Bank of Commerce reported revenue of about $28.90 billion, with a revenue growth rate of 15.3%. The company has a net margin of 33.98% and a return on equity of 15.39%. Its next earnings report is scheduled for August 27, 2026.

Dividend

The bank pays an annual dividend rate of $3.09, yielding 2.72%. The payout ratio is 40.48%, indicating a balanced approach to returning capital to shareholders.

Analysts Set New Price Targets

On June 1, 2026, RBC Capital maintained its 'buy' rating on Canadian Imperial Bank of Commerce with a price target of $167. The consensus among analysts is a 'buy' recommendation, with a mean target price of $110.96 based on three analyst opinions.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, headquartered in Toronto, Canada, is a diversified financial institution offering a wide range of financial products and services. These include personal and business banking, wealth management, and capital markets services, catering to clients in Canada, the United States, and internationally. The bank operates through several segments, including Canadian Personal and Business Banking and U.S. Commercial Banking and Wealth Management. Led by CEO Harry K. Culham, the bank employs over 50,000 people.

Bottom Line

Intech Investment Management's reduction of its stake in Canadian Imperial Bank of Commerce is a notable shift in its portfolio, reflecting a decrease in its confidence or a reallocation of resources. Investors often track 13F filings to gauge institutional sentiment, though it's important to remember these filings are backward-looking and may not represent current positions. Canadian Imperial Bank of Commerce remains a significant player in the financial services sector, with robust earnings and a stable dividend yield.