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Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer John Hountalas Sells 20,808 Shares

Canadian Imperial Bank of Commerce logo with Financial Services background

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM Senior Officer John Hountalas sold 20,808 shares of Canadian Imperial Bank of Commerce stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$65.97, for a total transaction of C$1,372,672.55.

Canadian Imperial Bank of Commerce Stock Performance

Shares of TSE:CM traded up C$0.07 during trading hours on Tuesday, reaching C$66.22. The stock had a trading volume of 3,497,053 shares, compared to its average volume of 3,789,553. Canadian Imperial Bank of Commerce has a 1 year low of C$47.44 and a 1 year high of C$69.54. The firm's 50 day moving average is C$66.18 and its 200-day moving average is C$64.70. The stock has a market capitalization of C$62.07 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 3.01 and a beta of 1.11.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM last announced its quarterly earnings results on Thursday, May 30th. The company reported C$1.75 EPS for the quarter, topping the consensus estimate of C$1.66 by C$0.09. Canadian Imperial Bank of Commerce had a net margin of 29.50% and a return on equity of 12.14%. The firm had revenue of C$6.16 billion for the quarter, compared to analyst estimates of C$6.11 billion. Analysts forecast that Canadian Imperial Bank of Commerce will post 6.7699387 EPS for the current year.


Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 5.44%. The ex-dividend date is Friday, June 28th. Canadian Imperial Bank of Commerce's payout ratio is currently 55.21%.

Analyst Ratings Changes

CM has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$69.00 and gave the company a "sector perform" rating in a report on Friday, May 31st. Keefe, Bruyette & Woods raised shares of Canadian Imperial Bank of Commerce from a "hold" rating to a "moderate buy" rating in a report on Monday, June 3rd. Barclays boosted their target price on shares of Canadian Imperial Bank of Commerce from C$70.00 to C$71.00 and gave the stock an "underweight" rating in a research note on Friday, May 31st. TD Securities raised shares of Canadian Imperial Bank of Commerce from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$65.00 to C$70.00 in a research note on Friday, March 1st. Finally, Scotiabank boosted their price target on shares of Canadian Imperial Bank of Commerce from C$73.00 to C$77.00 and gave the stock an "outperform" rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce currently has an average rating of "Hold" and an average price target of C$69.21.

View Our Latest Analysis on CM

Canadian Imperial Bank of Commerce Company Profile

(Get Free Report)

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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