Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Sells C$298,126.51 in Stock

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer Shawn Beber sold 3,151 shares of the firm's stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of C$94.61, for a total transaction of C$298,126.51.

Shawn Beber also recently made the following trade(s):

• On Friday, June 13th, Shawn Beber sold 9,065 shares of Canadian Imperial Bank of Commerce stock. The shares were sold at an average price of C$92.49, for a total transaction of C$838,382.87.
• On Friday, June 6th, Shawn Beber sold 9,107 shares of Canadian Imperial Bank of Commerce stock. The shares were sold at an average price of C$94.28, for a total transaction of C$858,567.89.

Canadian Imperial Bank of Commerce Stock Up 1.0%

Shares of TSE:CM traded up C$0.97 on Monday, reaching C$95.66. 4,582,154 shares of the company's stock were exchanged, compared to its average volume of 3,827,751. The firm has a market capitalization of C$89.50 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a fifty-two week low of C$64.65 and a fifty-two week high of C$96.45. The business's 50-day moving average is C$90.11 and its two-hundred day moving average is C$88.15.

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, July 28th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, June 27th. This represents a $3.88 annualized dividend and a dividend yield of 4.06%. Canadian Imperial Bank of Commerce's dividend payout ratio is currently 47.55%.

Wall Street Analysts Forecast Growth

CM has been the subject of a number of recent research reports. Royal Bank Of Canada lowered 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 report on Monday, June 9th. National Bank Financial downgraded shares of Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a report on Thursday, May 29th. Barclays lifted their price target on shares of Canadian Imperial Bank of Commerce from C$90.00 to C$94.00 and gave the stock an "underperform" rating in a report on Monday, June 9th. Scotiabank upgraded shares of Canadian Imperial Bank of Commerce to a "strong-buy" rating in a report on Thursday, May 15th. Finally, TD Securities lowered their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a "buy" rating for the company in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce currently has a consensus rating of "Moderate Buy" and an average target price of C$95.92.

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.