Canadian Imperial Bank of Commerce (TSE:CM) Insider Sells C$1,320,195.00 in Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Christopher John Anderson sold 8,490 shares of Canadian Imperial Bank of Commerce stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$155.50, for a total transaction of C$1,320,195.00. Following the transaction, the insider owned 6,252 shares in the company, valued at C$972,186. The trade was 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 shares were sold at an average price of C$152.15, for a total transaction of C$152,150.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of TSE:CM traded down C$0.15 during midday trading on Wednesday, hitting C$159.70. 1,079,325 shares of the company’s stock traded hands, compared to its average volume of 2,503,572. The company has a market cap of C$145.77 billion, a PE ratio of 15.84, a P/E/G ratio of 3.03 and a beta of 1.42. The firm’s fifty day moving average price is C$151.03 and its two-hundred day moving average price is C$137.11. Canadian Imperial Bank of Commerce has a twelve month low of C$93.27 and a twelve month high of C$162.12.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its 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 business had revenue of C$8.01 billion for the quarter. As a group, equities research analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors 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 annualized dividend and a yield of 2.7%. Canadian Imperial Bank of Commerce’s dividend payout ratio is 40.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. National Bank Financial increased 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 research note on Friday, May 15th. Royal Bank Of Canada dropped their price target on shares of 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 raised their price target on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research note on Wednesday, May 20th. Raymond James Financial dropped 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 on the stock in a research note on Friday, May 29th. Finally, BMO Capital Markets raised 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 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$152.86.

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.