Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) (NYSE:CM) insider Christopher John Anderson sold 1,000 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$152.15, for a total transaction of C$152,150.00. Following the completion of the sale, the insider directly owned 6,252 shares of the company's stock, valued at approximately C$951,241.80. This trade represents a 13.79% decrease in their ownership of the stock.
Canadian Imperial Bank of Commerce Price Performance
Shares of CM opened at C$152.95 on Tuesday. Canadian Imperial Bank of Commerce has a 1-year low of C$91.94 and a 1-year high of C$162.12. The stock has a market cap of C$139.61 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 3.03 and a beta of 1.42. The firm has a fifty day moving average price of C$147.99 and a 200 day moving average price of C$135.49.
Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) (NYSE:CM) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$2.54 earnings per share for the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. The firm had revenue of C$8.01 billion during the quarter. As a group, equities analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current fiscal year.
Canadian Imperial Bank of Commerce Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were given a $1.07 dividend. The ex-dividend date was Friday, March 27th. This represents a $4.28 annualized dividend and a yield of 2.8%. Canadian Imperial Bank of Commerce's dividend payout ratio is 40.48%.
Analyst Ratings Changes
Several analysts recently commented on the stock. TD Securities upped their price target on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the company a "buy" rating in a research report on Friday, February 27th. BMO Capital Markets upped their price target on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Jefferies Financial Group upped their price target 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 reduced their price target on shares of Canadian Imperial Bank of Commerce from C$166.00 to C$163.00 and set a "buy" rating for the company in a research report on Friday, May 29th. Finally, Raymond James Financial reduced 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. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$153.05.
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Canadian Imperial Bank of Commerce Company Profile
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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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