Canadian Imperial Bank of Commerce (TSE:CM) Director Laura Lee Dottori-Attanasio Acquires 1,427 Shares

Canadian Imperial Bank of Commerce (TSE:CMGet Rating) (NYSE:CM) Director Laura Lee Dottori-Attanasio acquired 1,427 shares of the business’s stock in a transaction on Monday, May 30th. The shares were purchased at an average price of C$70.00 per share, with a total value of C$99,894.28. Following the transaction, the director now owns 10,105 shares in the company, valued at approximately C$707,380.32.

TSE CM traded up C$0.18 during trading hours on Wednesday, reaching C$69.76. The company’s stock had a trading volume of 874,025 shares, compared to its average volume of 3,244,002. The stock has a market cap of C$62.96 billion and a PE ratio of 9.66. Canadian Imperial Bank of Commerce has a fifty-two week low of C$66.05 and a fifty-two week high of C$83.75. The company’s 50-day moving average is C$127.66 and its two-hundred day moving average is C$145.33.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 28th. Investors of record on Tuesday, June 28th will be paid a $0.83 dividend. The ex-dividend date is Monday, June 27th. This represents a $3.32 dividend on an annualized basis and a yield of 4.76%. Canadian Imperial Bank of Commerce’s payout ratio is 42.60%.

A number of brokerages have commented on CM. TD Securities cut their price objective on shares of Canadian Imperial Bank of Commerce from C$82.00 to C$78.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Credit Suisse Group began coverage on shares of Canadian Imperial Bank of Commerce in a research report on Friday, May 20th. They set a “buy” rating and a C$81.00 price objective for the company. Canaccord Genuity Group upped their price objective on shares of Canadian Imperial Bank of Commerce from C$80.00 to C$83.00 in a research report on Friday, May 27th. BMO Capital Markets upped their price objective on shares of Canadian Imperial Bank of Commerce from C$165.00 to C$170.00 in a research report on Monday, February 28th. Finally, Barclays cut their price target on shares of Canadian Imperial Bank of Commerce from C$143.00 to C$91.00 and set a “na” rating for the company in a report on Tuesday, May 17th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$125.71.

About Canadian Imperial Bank of Commerce (Get Rating)

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 four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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