Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Sells C$83,464.29 in Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) Senior Officer Sandy Sharman sold 1,027 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$81.27, for a total value of C$83,464.29.

Canadian Imperial Bank of Commerce Trading Up 0.1 %

CM stock opened at C$82.99 on Thursday. The business’s 50 day simple moving average is C$86.47 and its 200 day simple moving average is C$87.16. Canadian Imperial Bank of Commerce has a 1-year low of C$64.02 and a 1-year high of C$95.50. The firm has a market capitalization of C$77.64 billion, a PE ratio of 10.96, a PEG ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Imperial Bank of Commerce’s payout ratio is 47.55%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CM. Canaccord Genuity Group lifted their price objective on Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research report on Friday, December 6th. Royal Bank of Canada set a C$108.00 target price on Canadian Imperial Bank of Commerce and gave the stock an “outperform” rating in a research report on Monday, March 17th. TD Securities reduced their target price on Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Cormark increased their price target on Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a report on Friday, December 6th. Finally, Scotiabank dropped their price target on Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Canadian Imperial Bank of Commerce currently has a consensus rating of “Moderate Buy” and an average price target of C$93.50.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.