Canadian Imperial Bank of Commerce (TSE:CM) Insider Sells C$176,094.90 in Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Amy Florence South sold 1,086 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$162.15, for a total value of C$176,094.90.

Amy Florence South also recently made the following trade(s):

• On Monday, June 22nd, Amy Florence South sold 1,200 shares of Canadian Imperial Bank of Commerce stock. The stock was sold at an average price of C$160.92, for a total value of C$193,104.00.

Canadian Imperial Bank of Commerce Price Performance

Shares of TSE CM opened at C$161.25 on Monday. The firm has a market cap of C$147.19 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 3.03 and a beta of 1.42. The stock’s fifty day moving average price is C$154.12 and its two-hundred day moving average price is C$139.28. Canadian Imperial Bank of Commerce has a one year low of C$95.01 and a one year high of C$163.59.

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. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%.The firm had revenue of C$8.01 billion during the quarter. On average, equities analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 28th will be 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 of this dividend is Monday, June 29th. Canadian Imperial Bank of Commerce’s payout ratio is presently 40.48%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CM. Scotiabank boosted 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, June 16th. TD dropped their price target on shares of Canadian Imperial Bank of Commerce from C$166.00 to C$163.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Royal Bank Of Canada reduced their price objective 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. Desjardins increased their price objective on shares of 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. Finally, Barclays lifted their target price on shares of Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a research note on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce presently has an average 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.