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

0 brokers have issued 12-month price targets for CI Financial's stock. Their CIXX share price targets range from $22.00 to $22.00. On average, they predict the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 92.6% from the stock's current price. View analysts price targets for CIXX or view top-rated stocks among Wall Street analysts .

How were CI Financial's earnings last quarter?

CI Financial Corp. (NYSE:CIXX) released its quarterly earnings data on Tuesday, August, 10th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The business earned $662.40 million during the quarter, compared to analysts' expectations of $679.30 million. CI Financial had a trailing twelve-month return on equity of 37.42% and a net margin of 17.55%. The firm's revenue was up 3.4% on a year-over-year basis.

Is CI Financial a good dividend stock?

CI Financial (NYSE:CIXX) pays an annual dividend of $0.54 per share and currently has a dividend yield of 4.73%. CIXX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIXX will have a dividend payout ratio of 21.26% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CIXX .

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NYSE:CIXX

CI Financial (CIXX) Stock Price, News & Analysis

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Today's Range: $11.24
▼
$11.50
50-Day Range: $9.64
▼
$11.51
52-Week Range: $8.50
▼
$20.63

Volume: 52,500 shs
Average Volume: 126,800 shs
Market Capitalization: $2.13 billion

P/E Ratio: 6.60
Dividend Yield: 4.73%
Price Target: $22.00

Stock Analysis

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CI Financial MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 92.6% Upside
$22.00 Price Target
Short Interest: N/A
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 11.89%
From $2.27 to $2.54 Per Share

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.

2.41 out of 5 stars

Finance Sector

589th out of 819 stocks

Investment Advice Industry

35th out of 45 stocks

2.0

Analyst's Opinion

Amount of Analyst Coverage
CI Financial has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CIXX.

3.3

Dividend Strength

Dividend Leadership
CI Financial is a leading dividend payer. It pays a dividend yield of 4.73%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CI Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of CI Financial is 31.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CI Financial will have a dividend payout ratio of 21.26% next year. This indicates that CI Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CIXX.

0.6

News and Social Media Coverage

MarketBeat Follows
1 people have added CI Financial to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CI Financial insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 34.16% of the stock of CI Financial is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for CI Financial are expected to grow by 11.89% in the coming year, from $2.27 to $2.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CI Financial is 6.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of CI Financial is 6.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.52.
Price to Earnings Growth Ratio
CI Financial has a PEG Ratio of 0.56. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
CI Financial has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About CI Financial Stock (NYSE:CIXX)

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.

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CIXX Stock News Headlines

January 29, 2024 | tmcnet.com

CI Financial Announces Fourth Quarter Earnings Conference Call and Webcast

November 16, 2023 | msn.com

CI Alternative Investment Grade Credit Fund declares CAD 0.05 dividend

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

August 1, 2023 | businesswire.com

CI Private Wealth rebrands as Corient

July 19, 2023 | msn.com

CI Financial goes ex dividend tomorrow

June 13, 2023 | finance.yahoo.com

Chairman of the Board of CI Financial William Holland Buys 1.0% More Shares

May 17, 2023 | msn.com

Are Investors Undervaluing CI Financial (CIXXF) Right Now?

May 11, 2023 | reuters.com

CI Financial sells $1 bln minority stake in US wealth management arm

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

May 10, 2023 | markets.businessinsider.com

Where CI&T Stands With Analysts

April 20, 2023 | msn.com

Is CI Financial (CIXXF) Stock Undervalued Right Now?

January 31, 2023 | finance.yahoo.com

CI GAM Opens the Market

January 19, 2023 | finance.yahoo.com

CI Financial Corp. (TSE:CIX) insiders placed bullish bets worth CA$13m in the last 12 months

January 16, 2023 | finance.yahoo.com

CI Global Asset Management Announces Fund Merger, ETF Risk Rating Change

January 16, 2023 | finance.yahoo.com

CI Global Asset Management Announces January 2023 Distributions for CI ETFs

December 30, 2022 | finance.yahoo.com

Following Previously Announced Confidential Submission of Draft Registration Statement for its U.S. Business, CI Financial Confirms Intent to Voluntarily Delist from the NYSE and Deregister with the U.S. Securities and Exchange Commission

December 22, 2022 | finance.yahoo.com

CI Financial Confirms Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of CI U.S. Holdings Inc.’s Common Stock

December 21, 2022 | finance.yahoo.com

Should Value Investors Buy CI Financial (CIXX) Stock?

December 8, 2022 | finance.yahoo.com

CORRECTING and REPLACING CI Global Asset Management Announces Estimated Annual Reinvested Capital Gains Distributions for CI ETFs

November 22, 2022 | finance.yahoo.com

CI Global Asset Management Launches CI Global Investment Grade Fund

November 12, 2022 | markets.businessinsider.com

Barclays Keeps Their Buy Rating on CI Financial (CIXX)

November 12, 2022 | finance.yahoo.com

As Profit Falls and Debt Climbs, CI Financial Says It Will Proceed With U.S. IPO

November 10, 2022 | finance.yahoo.com

CI Financial Reports Financial Results for the Third Quarter of 2022

November 1, 2022 | finance.yahoo.com

CI Global Asset Management Launches Global Fixed-Income Mandates

October 27, 2022 | bizjournals.com

Santander secures 95,000 sq. ft. space in 830 Brickell

October 14, 2022 | finance.yahoo.com

CI Global Asset Management Announces October 2022 Distributions for CI ETFs

October 12, 2022 | finance.yahoo.com

CI Financial (TSE:CIX) Is Paying Out A Dividend Of CA$0.18

See More Headlines

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Company Calendar

Last Earnings: 8/10/2021
Today: 4/17/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Investment advice
Sub-Industry: N/A
Current Symbol: NYSE:CIXX
CUSIP: N/A
CIK: 1829948
Web: www.cifinancial.com
Phone: (416) 364-1145
Fax: N/A
Employees: 2,416
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.00
High Stock Price Target: $22.00
Low Stock Price Target: $22.00
Potential Upside/Downside: +92.6%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.73
Trailing P/E Ratio: 6.60
Forward P/E Ratio: 5.03
P/E Growth: 0.56
Net Income: $326.60 million
Net Margins: 17.55%
Pretax Margin: 24.99%
Return on Equity: 37.42%
Return on Assets: 6.99%

Debt

Debt-to-Equity Ratio: 2.19
Current Ratio: 0.60
Quick Ratio: 0.60

Sales & Book Value

Annual Sales: $2.16 billion
Price / Sales: 0.98
Cash Flow: $2.93 per share
Price / Cash Flow: 3.90
Book Value: $6.48 per share
Price / Book: 1.76

Miscellaneous

Outstanding Shares: 186,285,000
Free Float: N/A
Market Cap: $2.13 billion
Optionable: Not Optionable
Beta: 1.20

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Key Executives

Mr. Kurt MacAlpine (Age 41)
CEO & Director
Comp: $3.72M
Mr. Darie P. Urbanky
Pres & COO
Mr. Amit Muni C.P.A. (Age 54)
CPA, Exec. VP & CFO
Comp: $1.88M
Ms. Julie Lynn Silcox
Exec. VP & Chief Marketing Officer
Mr. Marc-Andre Lewis
Exec. VP & Head of Investment Management at CI Global Asset Management
Mr. Jason Lee Weyeneth C.F.A.
VP of Investor Relations & Strategy
Mr. Edward Douglas Kelterborn B.A.
BA, L.L.B., LLB, Exec. VP & Chief Legal Officer
Mr. Murray Oxby
VP of Communications
Manisha Burman
Exec. VP & Chief HR Officer
Mr. Amarjit Kaur Anderson
Chief Risk Officer

Key Competitors

View All Competitors

CIXX Stock Analysis - Frequently Asked Questions

What is CI Financial's stock price target for 2024?: 0 brokers have issued 12-month price targets for CI Financial's stock. Their CIXX share price targets range from $22.00 to $22.00. On average, they predict the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 92.6% from the stock's current price.
View analysts price targets for CIXX or view top-rated stocks among Wall Street analysts.
How were CI Financial's earnings last quarter?: CI Financial Corp. (NYSE:CIXX) released its quarterly earnings data on Tuesday, August, 10th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The business earned $662.40 million during the quarter, compared to analysts' expectations of $679.30 million. CI Financial had a trailing twelve-month return on equity of 37.42% and a net margin of 17.55%. The firm's revenue was up 3.4% on a year-over-year basis.
Is CI Financial a good dividend stock?: CI Financial (NYSE:CIXX) pays an annual dividend of $0.54 per share and currently has a dividend yield of 4.73%. CIXX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIXX will have a dividend payout ratio of 21.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIXX.

This page (NYSE:CIXX) was last updated on 4/18/2024 by MarketBeat.com Staff

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CI Financial (CIXX) Stock Price, News & Analysis

CI Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CI Financial Stock (NYSE:CIXX)

CIXX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CIXX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™