CI Financial Corp. (TSE:CIX - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$29.83 and traded as high as C$31.59. CI Financial shares last traded at C$31.55, with a volume of 524,685 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Raymond James lowered CI Financial from a "moderate buy" rating to a "strong sell" rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$27.94.
Check Out Our Latest Stock Analysis on CIX
CI Financial Stock Performance
The company has a market capitalization of C$4.55 billion, a PE ratio of -65.85, a PEG ratio of 0.04 and a beta of 1.67. 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 company has a 50-day moving average price of C$31.21 and a two-hundred day moving average price of C$30.02.
CI Financial Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, March 31st. CI Financial's dividend payout ratio is -166.77%.
Insider Activity at CI Financial
In other news, Director Brigette Elizabeth Chang sold 340,000 shares of CI Financial stock in a transaction dated 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. Over the last quarter, insiders sold 401,600 shares of company stock valued at $12,529,620. Company insiders own 15.83% of the company's stock.
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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