Brigette Elizabeth Chang Sells 340,000 Shares of CI Financial Corp. (TSE:CIX) Stock

CI Financial Corp. (TSE:CIX - Get Free Report) Director Brigette Elizabeth Chang sold 340,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of C$31.20, for a total value of C$10,608,000.00.

Brigette Elizabeth Chang also recently made the following trade(s):

• On Thursday, April 17th, Brigette Elizabeth Chang sold 60,100 shares of CI Financial stock. The stock was sold at an average price of C$31.20, for a total transaction of C$1,875,120.00.
• On Wednesday, April 9th, Brigette Elizabeth Chang sold 1,500 shares of CI Financial stock. The shares were sold at an average price of C$31.00, for a total transaction of C$46,500.00.

CI Financial Stock Up 0.1 %

CIX stock traded up C$0.02 during trading on Friday, hitting C$31.19. 297,644 shares of the company's stock traded hands, compared to its average volume of 691,847. The business has a fifty day simple moving average of C$31.21 and a two-hundred day simple moving average of C$28.46. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88. The firm has a market capitalization of C$4.50 billion, a P/E ratio of -65.02, a PEG ratio of 0.04 and a beta of 1.67. CI Financial Corp. has a 1 year low of C$13.87 and a 1 year high of C$31.48.

CI Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Monday, March 31st. CI Financial's payout ratio is -166.77%.

Analyst Ratings Changes

Separately, Raymond James lowered CI Financial from a "moderate buy" rating to a "strong sell" rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$27.94.

CI Financial Company Profile

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.