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

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Christopher John Anderson sold 8,490 shares of the firm’s stock in a transaction that occurred 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. This 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 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 Price Performance

Shares of TSE CM traded down C$0.15 during mid-day trading on Wednesday, reaching C$159.70. 1,079,325 shares of the company traded hands, compared to its average volume of 2,503,572. Canadian Imperial Bank of Commerce has a fifty-two week low of C$93.27 and a fifty-two week high of C$162.12. The firm has a market cap of C$145.77 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 3.03 and a beta of 1.42. The stock has a fifty day simple moving average of C$151.03 and a 200-day simple moving average of C$137.11.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$2.54 EPS 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, analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business 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. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, March 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 40.48%.

Wall Street Analyst Weigh In

CM has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a research note on Monday, March 2nd. TD reduced their target price 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 report on Friday, May 29th. National Bank Financial raised their target price 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 raised their target price on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a report on Wednesday, May 20th. Finally, Scotiabank raised their target price on shares of Canadian Imperial Bank of Commerce from C$155.00 to C$157.00 and gave the stock a “sector perform” rating in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.