Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Hratch Dikran Panossian Sells 9,006 Shares

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer Hratch Dikran Panossian sold 9,006 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$94.96, for a total value of C$855,240.38.

Canadian Imperial Bank of Commerce Trading Down 0.1%

CM stock traded down C$0.14 during trading on Thursday, reaching C$96.21. The stock had a trading volume of 4,504,302 shares, compared to its average volume of 3,829,005. Canadian Imperial Bank of Commerce has a 52 week low of C$64.65 and a 52 week high of C$97.04. The stock's 50 day moving average is C$91.00 and its two-hundred day moving average is C$88.28. The firm has a market cap of C$90.01 billion, a PE ratio of 12.71, a PEG ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, July 28th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, June 27th. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 47.55%.

Analyst Ratings Changes

CM has been the subject of several recent research reports. Scotiabank upgraded Canadian Imperial Bank of Commerce to a "strong-buy" rating in a research report on Thursday, May 15th. Canaccord Genuity Group set a C$96.00 price objective on Canadian Imperial Bank of Commerce and gave the company a "hold" rating in a research report on Tuesday. Barclays boosted their price objective 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, June 9th. National Bankshares set a C$95.00 price objective on Canadian Imperial Bank of Commerce and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group downgraded Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$100.00 to C$89.00 in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, four 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$96.23.

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.