Canadian Imperial Bank of Commerce (TSE:CM) Insider Christopher John Anderson Sells 8,490 Shares

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Christopher John Anderson sold 8,490 shares of the stock in a transaction on 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 sale, the insider owned 6,252 shares of the company’s stock, valued at C$972,186. This trade represents a 57.59% decrease in their position.

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 Stock Down 0.4%

Shares of TSE CM opened at C$159.23 on Thursday. The stock’s fifty day simple moving average is C$151.51 and its 200 day simple moving average is C$137.39. The stock has a market capitalization of C$145.35 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 3.03 and a beta of 1.42. Canadian Imperial Bank of Commerce has a 52-week low of C$93.27 and a 52-week high of C$162.12.

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

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 28th were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $4.28 dividend on an annualized basis and a yield of 2.7%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 40.48%.

Analyst Ratings Changes

Several research firms have recently weighed in on CM. BMO Capital Markets lifted their target price on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. TD Securities lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. National Bank Financial boosted their target price on shares of Canadian Imperial Bank of Commerce from C$150.00 to C$152.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Canaccord Genuity Group increased their target price on Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the company a “hold” rating in a report on Friday, June 5th. Finally, Desjardins raised their target price on Canadian Imperial Bank of Commerce from C$152.00 to C$160.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce presently has a consensus rating of “Moderate Buy” and an average price target of C$152.86.

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.