Amy Florence South Sells 1,200 Shares of Canadian Imperial Bank of Commerce (TSE:CM) Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Amy Florence South sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were 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$163.15 on Wednesday. The business’s 50 day simple moving average is C$153.16 and its 200 day simple moving average is C$138.52. Canadian Imperial Bank of Commerce has a 1 year low of C$95.01 and a 1 year high of C$163.35. The company has a market capitalization of C$148.92 billion, a P/E ratio of 16.19, a P/E/G ratio of 3.03 and a beta of 1.42.

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 return on equity of 15.24% and a net margin of 18.44%. On average, sell-side 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, March 27th. Canadian Imperial Bank of Commerce’s payout ratio is 40.48%.

Analyst Ratings Changes

Several research firms recently weighed in on CM. Jefferies Financial Group upped their price objective on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research report on Wednesday, May 20th. Royal Bank Of Canada decreased their target price 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 report on Wednesday, March 25th. BMO Capital Markets boosted their target price 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 report on Friday, February 27th. TD Securities upped their price target 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 report on Friday, February 27th. Finally, Raymond James Financial reduced 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 report on Friday, May 29th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.