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CI Financial Corp. (TSE:CIX) Director Brigette Elizabeth Chang Sells 1,500 Shares

CI Financial logo with Financial Services background

CI Financial Corp. (TSE:CIX - Get Free Report) Director Brigette Elizabeth Chang sold 1,500 shares of the firm's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of C$31.00, for a total value of C$46,500.00.

CI Financial Price Performance

CI Financial stock traded up C$0.08 during mid-day trading on Monday, reaching C$31.18. 866,377 shares of the company's stock traded hands, compared to its average volume of 690,761. The stock has a 50 day moving average of C$31.21 and a two-hundred day moving average of C$28.08. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88. CI Financial Corp. has a 12-month low of C$13.87 and a 12-month high of C$31.48. The company has a market cap of C$4.49 billion, a price-to-earnings ratio of -65.00, a PEG ratio of 0.04 and a beta of 1.67.

CI Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. CI Financial's dividend payout ratio is currently -166.77%.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of 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 assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$27.94.

View Our Latest Stock Analysis on CI Financial

CI Financial Company Profile

(Get Free Report)

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.

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