Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Christina Charlotte Kramer Sells 43,490 Shares

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer Christina Charlotte Kramer sold 43,490 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of C$93.07, for a total transaction of C$4,047,614.30.

Canadian Imperial Bank of Commerce Trading Up 0.4%

Shares of CM stock traded up C$0.34 during trading hours on Friday, hitting C$94.24. 2,433,011 shares of the company's stock were exchanged, compared to its average volume of 3,870,466. The company has a market capitalization of C$88.17 billion, a PE ratio of 12.45, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12-month low of C$64.63 and a 12-month high of C$96.45. The business's 50 day simple moving average is C$87.09 and its 200-day simple moving average is C$87.97.

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 4.12%. Canadian Imperial Bank of Commerce's dividend payout ratio is 47.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CM shares. National Bankshares set a C$95.00 price objective on shares of Canadian Imperial Bank of Commerce and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Scotiabank raised shares of Canadian Imperial Bank of Commerce to a "strong-buy" rating in a research note on Thursday, May 15th. UBS Group lowered their target price on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research note on Friday, February 14th. Canaccord Genuity Group lowered their target price on shares of Canadian Imperial Bank of Commerce from C$93.00 to C$92.00 in a research note on Monday, May 12th. Finally, National Bank Financial downgraded shares of Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$94.31.

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.