Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer Shawn Beber sold 9,065 shares of Canadian Imperial Bank of Commerce stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$92.49, for a total transaction of C$838,382.87.
Shawn Beber also recently made the following trade(s):
- On Friday, June 6th, Shawn Beber sold 9,107 shares of Canadian Imperial Bank of Commerce stock. 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 Price Performance
Shares of Canadian Imperial Bank of Commerce stock traded up C$0.79 during trading on Thursday, hitting C$94.57. 1,827,538 shares of the company's stock traded hands, compared to its average volume of 3,807,543. The firm's fifty day moving average price is C$89.19 and its 200 day moving average price is C$88.08. Canadian Imperial Bank of Commerce has a twelve month low of C$64.63 and a twelve month high of C$96.45. The company has a market cap of C$88.48 billion, a PE ratio of 12.49, a PEG ratio of 3.03 and a beta of 1.12.
Canadian Imperial Bank of Commerce Announces Dividend
The company 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. This represents a $3.88 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Imperial Bank of Commerce's dividend payout ratio is currently 47.55%.
Wall Street Analyst Weigh In
Several analysts have issued reports on CM shares. 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 on the stock in a research report on Monday, June 9th. TD Securities decreased their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Barclays raised 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 research report on Monday, June 9th. Scotiabank upgraded shares of Canadian Imperial Bank of Commerce to a "strong-buy" rating in a research report on Thursday, May 15th. Finally, Jefferies Financial Group lowered shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$100.00 to C$89.00 in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$95.92.
Read Our Latest Stock Report on CM
Canadian Imperial Bank of Commerce Company Profile
(
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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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