Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Shawn Beber Sells 3,151 Shares

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer Shawn Beber sold 3,151 shares of the business's stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$94.61, for a total value 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 stock was sold at an average price of C$92.49, for a total value 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 value of C$858,567.89.

Canadian Imperial Bank of Commerce Trading Down 0.3%

Canadian Imperial Bank of Commerce stock traded down C$0.24 during midday trading on Friday, reaching C$94.33. The stock had a trading volume of 2,120,939 shares, compared to its average volume of 3,791,644. Canadian Imperial Bank of Commerce has a 12 month low of C$64.63 and a 12 month high of C$96.45. The company has a fifty day moving average price of C$89.50 and a two-hundred day moving average price of C$88.13. The company has a market capitalization of C$88.25 billion, a P/E ratio of 12.46, a PEG ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, July 28th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, June 27th. This represents a $3.88 annualized dividend and a yield of 4.11%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 47.55%.

Analyst Upgrades and Downgrades

CM has been the topic of several research analyst reports. Jefferies Financial Group downgraded Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$100.00 to C$89.00 in a research note on Monday, April 21st. Canaccord Genuity Group dropped their price target on Canadian Imperial Bank of Commerce from C$93.00 to C$92.00 in a research report on Monday, May 12th. National Bank Financial lowered Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. National Bankshares set a C$95.00 target price on shares of Canadian Imperial Bank of Commerce and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Barclays upped their price target on shares of Canadian Imperial Bank of Commerce from C$90.00 to C$94.00 and gave the company an "underperform" rating in a report on Monday, June 9th. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Canadian Imperial Bank of Commerce currently has an average rating of "Moderate Buy" and a consensus price target 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.

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