Amy Florence South Sells 1,086 Shares of Canadian Imperial Bank of Commerce (TSE:CM) Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Amy Florence South sold 1,086 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$162.15, for a total value of C$176,094.90.

Amy Florence South also recently made the following trade(s):

• On Monday, June 22nd, Amy Florence South sold 1,200 shares of Canadian Imperial Bank of Commerce stock. The stock was sold at an average price of C$160.92, for a total value of C$193,104.00.

Canadian Imperial Bank of Commerce Trading Down 0.6%

Shares of TSE:CM opened at C$161.25 on Friday. The stock has a market capitalization of C$147.19 billion, a P/E ratio of 16.00, a P/E/G ratio of 3.03 and a beta of 1.42. Canadian Imperial Bank of Commerce has a 1-year low of C$95.01 and a 1-year high of C$163.59. The business has a 50-day moving average price of C$154.12 and a two-hundred day moving average price of C$139.18.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its earnings results on Thursday, May 28th. The company reported C$2.54 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. The company had revenue of C$8.01 billion for the quarter. As a group, equities analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 28th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 29th. Canadian Imperial Bank of Commerce’s payout ratio is currently 40.48%.

Analyst Ratings Changes

Several research firms have recently issued reports on CM. Canaccord Genuity Group raised their price target on Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. TD cut their target price on Canadian Imperial Bank of Commerce from C$166.00 to C$163.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Raymond James Financial reduced their target price on Canadian Imperial Bank of Commerce from C$157.50 to C$155.50 and set a “market perform” rating on the stock in a report on Friday, May 29th. National Bank Financial boosted their target price on Canadian Imperial Bank of Commerce from C$150.00 to C$152.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Finally, Desjardins increased their price target on shares of Canadian Imperial Bank of Commerce from C$152.00 to C$160.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce currently has a consensus rating of “Moderate Buy” and a consensus target price of C$152.86.

Canadian Imperial Bank of Commerce Company Profile

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.