Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM had its target price trimmed by Canaccord Genuity Group from C$93.00 to C$92.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.
CM has been the subject of a number of other reports. UBS Group decreased their price objective on Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research note on Friday, February 14th. National Bankshares dropped their target price on Canadian Imperial Bank of Commerce from C$101.00 to C$95.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Royal Bank of Canada set a C$108.00 price objective on Canadian Imperial Bank of Commerce and gave the company an "outperform" rating in a research report on Monday, March 17th. TD Securities cut their price objective on Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Jefferies Financial Group cut Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$100.00 to C$89.00 in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$94.31.
Get Our Latest Report on Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce Price Performance
Shares of CM traded up C$0.93 during mid-day trading on Monday, reaching C$92.71. 2,278,812 shares of the company's stock traded hands, compared to its average volume of 4,013,159. The stock's 50-day moving average is C$83.49 and its two-hundred day moving average is C$87.49. The stock has a market cap of C$86.74 billion, a P/E ratio of 12.24, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12 month low of C$64.47 and a 12 month high of C$95.50.
Canadian Imperial Bank of Commerce Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 28th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.88 annualized dividend and a dividend yield of 4.19%. Canadian Imperial Bank of Commerce's payout ratio is 47.55%.
Insider Buying and Selling
In other news, Senior Officer Sandy Sharman sold 1,027 shares of Canadian Imperial Bank of Commerce stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$81.27, for a total transaction of C$83,464.29. Company insiders own 0.02% of the company's stock.
Canadian Imperial Bank of Commerce Company Profile
(
Get Free Report)
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.
See Also

Before you consider Canadian Imperial Bank of Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Imperial Bank of Commerce wasn't on the list.
While Canadian Imperial Bank of Commerce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.