Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Sandy Sharman Sells 1,027 Shares

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) Senior Officer Sandy Sharman sold 1,027 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$81.27, for a total value of C$83,464.29.

Canadian Imperial Bank of Commerce Stock Performance

Shares of TSE:CM traded up C$0.12 during trading hours on Wednesday, hitting C$82.99. 2,623,882 shares of the company’s stock traded hands, compared to its average volume of 3,929,082. The company’s fifty day simple moving average is C$86.60 and its two-hundred day simple moving average is C$87.10. Canadian Imperial Bank of Commerce has a 52 week low of C$64.02 and a 52 week high of C$95.50. The company has a market cap of C$77.64 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.97 dividend. The ex-dividend date is Friday, March 28th. This represents a $3.88 annualized dividend and a yield of 4.68%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 47.55%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. TD Securities reduced their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating for the company in a report on Friday, February 28th. Royal Bank of Canada set a C$108.00 target price on shares of Canadian Imperial Bank of Commerce and gave the stock an “outperform” rating in a research report on Monday, March 17th. UBS Group reduced 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. Canaccord Genuity Group raised their target price on Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a research report on Friday, December 6th. Finally, Cormark increased their price target on Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$93.50.

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.