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

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

Canadian Imperial Bank of Commerce Stock Up 0.7%

Shares of Canadian Imperial Bank of Commerce stock traded up C$1.08 on Monday, hitting C$152.95. 794,757 shares of the company’s stock traded hands, compared to its average volume of 2,542,965. The stock has a market cap of C$139.61 billion, a P/E ratio of 15.17, a PEG ratio of 3.03 and a beta of 1.42. The firm’s 50-day moving average is C$147.99 and its 200 day moving average is C$135.49. Canadian Imperial Bank of Commerce has a 52-week low of C$91.94 and a 52-week high of C$162.12.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its earnings results on Thursday, May 28th. The company reported C$2.54 EPS for the quarter. The company 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%. Equities research analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, March 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is 40.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets increased their target price on 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. Canaccord Genuity Group increased their target price on Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the company a “hold” rating in a research note on Friday. Raymond James Financial reduced their target price on 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 note on Friday, May 29th. Desjardins increased their target price on Canadian Imperial Bank of Commerce from C$152.00 to C$160.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, TD Securities raised their price objective on Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$153.05.

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.