Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) insider Amy Florence South sold 1,086 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$162.15, for a total transaction of C$176,094.90.
Amy Florence South also recently made the following trade(s):
- On Monday, June 22nd, Amy Florence South sold 1,200 shares of Canadian Imperial Bank of Commerce stock. The shares were sold at an average price of C$160.92, for a total value of C$193,104.00.
Canadian Imperial Bank of Commerce Price Performance
Shares of TSE CM opened at C$161.25 on Friday. Canadian Imperial Bank of Commerce has a one year low of C$95.01 and a one year high of C$163.59. The business’s 50-day moving average price is C$154.12 and its two-hundred day moving average price is C$139.18. The company has a market capitalization of C$147.19 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.42.
Canadian Imperial Bank of Commerce Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 28th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 29th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 40.48%.
Analysts Set New Price Targets
Several analysts have commented on the stock. Royal Bank Of Canada decreased their target price on shares of Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. National Bank Financial upped their price objective on shares of Canadian Imperial Bank of Commerce from C$150.00 to C$152.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Jefferies Financial Group increased their target price on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research report on Wednesday, May 20th. TD cut their target price on Canadian Imperial Bank of Commerce from C$166.00 to C$163.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Finally, Canaccord Genuity Group boosted their price target on Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce presently has an average rating of “Moderate Buy” and a consensus price target of C$152.86.
Read Our Latest Analysis on CM
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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