Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Sells C$3,005,657.73 in Stock

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer John Hountalas sold 32,018 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of C$93.87, for a total value of C$3,005,657.73.

Canadian Imperial Bank of Commerce Stock Performance

TSE CM traded down C$0.21 during trading on Monday, hitting C$94.03. The stock had a trading volume of 2,211,544 shares, compared to its average volume of 3,855,385. The stock has a market capitalization of C$87.97 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 3.03 and a beta of 1.12. 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 50 day simple moving average of C$87.09 and a 200 day simple moving average of C$87.93.

Canadian Imperial Bank of Commerce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 4.13%. Canadian Imperial Bank of Commerce's dividend payout ratio is presently 47.55%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CM shares. TD Securities decreased their price target on Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada decreased their price target on Canadian Imperial Bank of Commerce from C$116.00 to C$112.00 and set an "outperform" rating on the stock in a report on Monday. Scotiabank raised Canadian Imperial Bank of Commerce to a "strong-buy" rating in a report on Thursday, May 15th. UBS Group cut their price objective on Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. Finally, Barclays raised 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. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.