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TSE:CIX

CI Financial (CIX) Stock Price, News & Analysis

C$14.36
-0.36 (-2.45%)
(As of 03:08 PM ET)
Today's Range
C$14.35
C$14.69
50-Day Range
C$14.46
C$17.41
52-Week Range
C$12.51
C$17.73
Volume
350,649 shs
Average Volume
395,561 shs
Market Capitalization
C$2.17 billion
P/E Ratio
N/A
Dividend Yield
5.57%
Price Target
C$19.56

CI Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
34.6% Upside
C$19.56 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.12mentions of CI Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.33 out of 5 stars

CIX stock logo

About CI Financial Stock (TSE:CIX)

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries. The firm was founded in 1965 and is based in Toronto, Canada with additional offices in Vancouver, Canada; Calgary, Canada; and Montreal, Canada.

CIX Stock Price History

CIX Stock News Headlines

CI Financial Price Targets Lowered at TD, RBC
CI Financial Corp.
TSX Earnings Recap: Week of Feb 20- Feb 23
Stocks in play: CI Financial Corp.
See More Headlines
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Company Calendar

Last Earnings
8/10/2023
Today
5/28/2024
Next Earnings (Estimated)
8/08/2024

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,416
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$19.56
High Stock Price Target
C$23.00
Low Stock Price Target
C$17.00
Potential Upside/Downside
+34.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
C$-179,390,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.23 billion
Cash Flow
C$1.49 per share
Book Value
C$5.70 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.20 billion
Optionable
Not Optionable
Beta
1.63
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Key Executives

  • Mr. Kurt MacAlpine (Age 42)
    CEO & Director
    Comp: $7.24M
  • Dr. Marc-André Lewis Ph.D.
    Executive VP, Chief Investment Officer & Co-Head of CI Global Asset Management
  • Mr. Sean Etherington
    EVP & Co-Head Canada Wealth
  • Mr. Christopher James Enright
    EVP & Co-Head Canada Wealth
  • Mr. Darie P. Urbanky
    President, COO & Co-Head of CI Global Asset Management
  • Mr. Jason Lee Weyeneth C.F.A.
    Vice President of Investor Relations & Strategy
  • Mr. Edward Douglas Kelterborn B.A.
    L.L.B., Executive VP & Chief Legal Officer
  • Mr. Murray Oxby
    Vice President of Communications
  • Ms. Julie Lynn Silcox
    Executive VP & Chief Marketing Officer
  • Ms. Manisha Burman
    Executive VP & Chief Human Resources Officer

CIX Stock Analysis - Frequently Asked Questions

Should I buy or sell CI Financial stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last twelve months. There are currently 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CIX shares.
View CIX analyst ratings
or view top-rated stocks.

What is CI Financial's stock price target for 2024?

9 brokerages have issued twelve-month target prices for CI Financial's stock. Their CIX share price targets range from C$17.00 to C$23.00. On average, they predict the company's share price to reach C$19.56 in the next twelve months. This suggests a possible upside of 34.6% from the stock's current price.
View analysts price targets for CIX
or view top-rated stocks among Wall Street analysts.

How have CIX shares performed in 2024?

CI Financial's stock was trading at C$14.86 at the beginning of the year. Since then, CIX stock has decreased by 2.2% and is now trading at C$14.53.
View the best growth stocks for 2024 here
.

When is CI Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024.
View our CIX earnings forecast
.

How were CI Financial's earnings last quarter?

CI Financial Corp. (TSE:CIX) posted its quarterly earnings results on Thursday, August, 10th. The company reported $0.76 earnings per share for the quarter. The firm earned $776.08 million during the quarter. CI Financial had a negative net margin of 5.55% and a negative trailing twelve-month return on equity of 8.77%. During the same period in the prior year, the business earned $0.78 earnings per share.

Is CI Financial a good dividend stock?

CI Financial (TSE:CIX) pays an annual dividend of C$0.80 per share and currently has a dividend yield of 5.44%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CIX.

What other stocks do shareholders of CI Financial own?
How do I buy shares of CI Financial?

Shares of CIX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CIX) was last updated on 5/28/2024 by MarketBeat.com Staff

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