Canadian Imperial Bank of Commerce (TSE:CM) Senior Officer Christina Charlotte Kramer Sells 23,782 Shares of Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) Senior Officer Christina Charlotte Kramer sold 23,782 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$67.50, for a total transaction of C$1,605,285.00.

Canadian Imperial Bank of Commerce Price Performance

Shares of TSE:CM opened at C$67.11 on Tuesday. Canadian Imperial Bank of Commerce has a 1-year low of C$47.44 and a 1-year high of C$69.54. The stock has a market cap of C$62.90 billion, a P/E ratio of 10.29, a P/E/G ratio of 3.01 and a beta of 1.11. The firm has a fifty day moving average price of C$66.45 and a 200 day moving average price of C$63.92.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.60 annualized dividend and a dividend yield of 5.36%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 55.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CM shares. Royal Bank of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Friday, May 31st. Cormark upped their price objective on Canadian Imperial Bank of Commerce from C$64.00 to C$68.00 in a research report on Friday, March 1st. National Bankshares raised their target price on Canadian Imperial Bank of Commerce from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Barclays upped their price target on Canadian Imperial Bank of Commerce from C$70.00 to C$71.00 and gave the company an “underweight” rating in a report on Friday, May 31st. Finally, BMO Capital Markets raised their price objective on shares of Canadian Imperial Bank of Commerce from C$74.00 to C$77.00 in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$69.21.

Canadian Imperial Bank of Commerce Company Profile

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.