Canadian Imperial Bank of Commerce (TSE:CM) Insider Sells C$152,150.00 in Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Christopher John Anderson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$152.15, for a total value of C$152,150.00. Following the completion of the sale, the insider owned 6,252 shares in the company, valued at C$951,241.80. This represents a 13.79% decrease in their position.

Canadian Imperial Bank of Commerce Stock Down 0.5%

TSE:CM opened at C$153.74 on Thursday. The firm has a market capitalization of C$140.33 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 3.03 and a beta of 1.42. Canadian Imperial Bank of Commerce has a 12-month low of C$91.94 and a 12-month high of C$162.12. The stock’s 50 day moving average price is C$149.02 and its two-hundred day moving average price is C$136.01.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its earnings results on Thursday, May 28th. The company reported C$2.54 earnings per share for the quarter. The company had revenue of C$8.01 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%. Equities research analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were paid a dividend of $1.07 per share. The ex-dividend date was Friday, March 27th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.8%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 40.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CM shares. Royal Bank Of Canada lowered their target price on Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Jefferies Financial Group increased their target price on Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research note on Wednesday, May 20th. TD lowered 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 research note on Friday, May 29th. Canaccord Genuity Group increased their target price on Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Finally, TD Securities increased their target price on Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of C$153.05.

Canadian Imperial Bank of Commerce Company Profile

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.