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

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 Trading Up 1.0%

Canadian Imperial Bank of Commerce stock opened at C$154.53 on Wednesday. The stock has a market cap of C$141.06 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 3.03 and a beta of 1.42. The stock has a 50 day moving average of C$148.50 and a 200-day moving average of C$135.75. 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%. As a group, equities analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal 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%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CM. Jefferies Financial Group increased their target price on Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research note on Wednesday, May 20th. Scotiabank cut Canadian Imperial Bank of Commerce from a “sector outperform” rating to a “hold” rating in a research note on Monday, June 1st. TD Securities lifted their price objective 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. Barclays lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a report on Monday, March 2nd. Finally, Desjardins lifted 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 report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.