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

0 analysts have issued twelve-month price objectives for CI Financial's stock. Their CIXX share price targets range from $22.00 to $23.00. On average, they expect the company's stock price to reach $22.33 in the next year. This suggests a possible upside of 95.6% 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) posted its earnings results on Tuesday, August, 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $662.40 million for the quarter, compared to analysts' expectations of $679.30 million. CI Financial had a net margin of 17.55% and a trailing twelve-month return on equity of 37.42%. The company's revenue for the quarter 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 .

CI Financial Stock Price, News & Analysis (NYSE:CIXX)

Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

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: $22.33

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.

November 16, 2023 | msn.com

CI Alternative Investment Grade Credit Fund declares CAD 0.05 dividend

August 1, 2023 | businesswire.com

CI Private Wealth rebrands as Corient

December 10, 2023 | DTI Trader (Ad)

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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

May 10, 2023 | markets.businessinsider.com

Where CI&T Stands With Analysts

December 10, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

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

September 30, 2022 | finance.yahoo.com

Are Investors Undervaluing CI Financial (CIXX) Right Now?

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Company Calendar

Last Earnings: 8/10/2021
Today: 12/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investment advice
Sub-Industry: N/A
Sector: Finance
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: $22.33
High Stock Price Target: $23.00
Low Stock Price Target: $22.00
Potential Upside/Downside: +95.6%
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 analysts have issued twelve-month price objectives for CI Financial's stock. Their CIXX share price targets range from $22.00 to $23.00. On average, they expect the company's stock price to reach $22.33 in the next year. This suggests a possible upside of 95.6% 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) posted its earnings results on Tuesday, August, 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $662.40 million for the quarter, compared to analysts' expectations of $679.30 million. CI Financial had a net margin of 17.55% and a trailing twelve-month return on equity of 37.42%. The company's revenue for the quarter 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 12/10/2023 by MarketBeat.com Staff

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CI Financial Stock Price, News & Analysis (NYSE:CIXX)

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

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