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 business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$81.27, for a total transaction of C$83,464.29.

Canadian Imperial Bank of Commerce Stock Down 1.2 %

CM stock opened at C$82.02 on Friday. The firm has a market cap of C$76.74 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 3.03 and a beta of 1.12. The company’s fifty day simple moving average is C$86.30 and its 200 day simple moving average is C$87.19. Canadian Imperial Bank of Commerce has a 12-month low of C$64.02 and a 12-month high of C$95.50.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Imperial Bank of Commerce’s dividend payout ratio is 47.55%.

Analyst Upgrades and Downgrades

CM has been the topic of several recent research reports. Canaccord Genuity Group raised their price objective on Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report on Friday, December 6th. TD Securities reduced 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. Cormark upped their price objective on Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a research note on Friday, December 6th. UBS Group cut their target price on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research report on Friday, February 14th. Finally, Royal Bank of Canada set a C$108.00 price target on shares of Canadian Imperial Bank of Commerce and gave the company an “outperform” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.