Insider Selling: Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Sells 43,490 Shares of Stock

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer Christina Charlotte Kramer sold 43,490 shares of the business's stock in a transaction 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 0.8%

Shares of CM stock traded up C$0.73 during trading hours on Thursday, reaching C$93.65. The company's stock had a trading volume of 939,738 shares, compared to its average volume of 3,866,647. The firm's fifty day simple moving average is C$86.57 and its 200 day simple moving average is C$87.88. Canadian Imperial Bank of Commerce has a one year low of C$64.63 and a one year high of C$96.45. The stock has a market capitalization of C$87.62 billion, a P/E ratio of 12.37, a P/E/G ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 4.14%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is presently 47.55%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. Royal Bank of Canada set a C$108.00 target price on Canadian Imperial Bank of Commerce and gave the company an "outperform" rating in a report on Monday, March 17th. Canaccord Genuity Group cut their target price on Canadian Imperial Bank of Commerce from C$93.00 to C$92.00 in a research report on Monday, May 12th. Jefferies Financial Group lowered shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$100.00 to C$89.00 in a research note on Monday, April 21st. Finally, National Bankshares set a C$95.00 target price on Canadian Imperial Bank of Commerce and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce presently has an average rating of "Moderate Buy" and a consensus price target of C$94.31.

About Canadian Imperial Bank of Commerce

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.