Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) insider Christopher John Anderson sold 8,490 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$155.50, for a total value of C$1,320,195.00. Following the transaction, the insider directly owned 6,252 shares in the company, valued at approximately C$972,186. This represents a 57.59% decrease in their ownership of the stock.
Christopher John Anderson also recently made the following trade(s):
- On Friday, June 5th, Christopher John Anderson sold 1,000 shares of Canadian Imperial Bank of Commerce stock. The stock was sold at an average price of C$152.15, for a total value of C$152,150.00.
Canadian Imperial Bank of Commerce Price Performance
Shares of CM opened at C$160.31 on Friday. Canadian Imperial Bank of Commerce has a 1 year low of C$94.09 and a 1 year high of C$162.12. The stock has a 50 day simple moving average of C$152.35 and a two-hundred day simple moving average of C$137.81. The firm has a market cap of C$146.33 billion, a P/E ratio of 15.90, a P/E/G ratio of 3.03 and a beta of 1.42.
Canadian Imperial Bank of Commerce Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $4.28 annualized dividend and a dividend yield of 2.7%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 40.48%.
Wall Street Analysts Forecast Growth
CM has been the subject of several analyst reports. Raymond James Financial cut their price target on shares of Canadian Imperial Bank of Commerce from C$157.50 to C$155.50 and set a “market perform” rating for the company in a research report on Friday, May 29th. Scotiabank lifted their price objective on Canadian Imperial Bank of Commerce from C$155.00 to C$157.00 and gave the stock a “sector perform” rating in a report on Tuesday. TD Securities boosted their target price on Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the company a “buy” rating in a research note on Friday, February 27th. BMO Capital Markets increased their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group raised their price target on Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of “Moderate Buy” and an average target price of C$152.86.
View Our Latest Stock Report on Canadian Imperial Bank of Commerce
About Canadian Imperial Bank of Commerce
CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.
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