Canadian Imperial Bank of Commerce (TSE:CM) Insider Christopher John Anderson Sells 1,000 Shares of Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Christopher John Anderson sold 1,000 shares of Canadian Imperial Bank of Commerce 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 transaction of C$152,150.00. Following the completion of the transaction, the insider owned 6,252 shares of the company’s stock, valued at C$951,241.80. This trade represents a 13.79% decrease in their position.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM stock opened at C$152.95 on Tuesday. The stock has a market capitalization of C$139.61 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 3.03 and a beta of 1.42. The company has a 50 day moving average price of C$147.99 and a 200 day moving average price of C$135.49. Canadian Imperial Bank of Commerce has a fifty-two week low of C$91.94 and a fifty-two week high of C$162.12.

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

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 28th were given a $1.07 dividend. The ex-dividend date of this dividend 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 is currently 40.48%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CM. Raymond James Financial decreased their price objective 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. Scotiabank cut Canadian Imperial Bank of Commerce from a “sector outperform” rating to a “hold” rating in a research note on Monday, June 1st. Royal Bank Of Canada decreased their price target on Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. National Bank Financial upped their price objective on Canadian Imperial Bank of Commerce from C$150.00 to C$152.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$153.05.

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.