Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Shawn Beber Sells 9,107 Shares

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer Shawn Beber sold 9,107 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$94.28, for a total transaction of C$858,567.89.

Canadian Imperial Bank of Commerce Trading Down 0.9%

Shares of TSE CM traded down C$0.82 during mid-day trading on Wednesday, reaching C$92.87. The company had a trading volume of 2,751,407 shares, compared to its average volume of 3,832,579. The company has a 50-day moving average price of C$87.52 and a two-hundred day moving average price of C$87.97. The stock has a market cap of C$86.89 billion, a PE ratio of 12.27, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 1-year low of C$64.63 and a 1-year high of C$96.45.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 4.18%. Canadian Imperial Bank of Commerce's payout ratio is 47.55%.

Wall Street Analyst Weigh In

CM has been the subject of several recent analyst reports. Jefferies Financial Group downgraded Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating and lowered their target price for the company from C$100.00 to C$89.00 in a research note on Monday, April 21st. Barclays upped their target price on Canadian Imperial Bank of Commerce from C$90.00 to C$94.00 and gave the company an "underperform" rating in a research report on Monday. Royal Bank of Canada decreased their price target on shares of Canadian Imperial Bank of Commerce from C$116.00 to C$112.00 and set an "outperform" rating for the company in a research report on Monday. UBS Group cut their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a report on Friday, February 14th. Finally, Canaccord Genuity Group decreased their price target on Canadian Imperial Bank of Commerce from C$93.00 to C$92.00 in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$95.92.

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.