S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Musk says Twitter deal could move ahead with 'bot' info
Demand for grocery delivery cools as food costs rise
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Musk says Twitter deal could move ahead with 'bot' info
Demand for grocery delivery cools as food costs rise
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Musk says Twitter deal could move ahead with 'bot' info
Demand for grocery delivery cools as food costs rise
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Musk says Twitter deal could move ahead with 'bot' info
Demand for grocery delivery cools as food costs rise
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
pixel
NYSE:CIXX

CI Financial (CIXX) Stock Forecast, Price & News

$11.16
-0.27 (-2.36%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.97
$11.26
50-Day Range
$10.26
$12.77
52-Week Range
$9.92
$24.52
Volume
66,551 shs
Average Volume
37,980 shs
Market Capitalization
$2.14 billion
P/E Ratio
6.64
Dividend Yield
5.10%
Price Target
$22.93

CI Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
105.5% Upside
$22.93 Price Target
Short Interest
Bearish
0.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.40mentions of CI Financial in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.87%
From $2.44 to $2.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Finance Sector

369th out of 1,176 stocks

Investment Advice Industry

23rd out of 54 stocks

CI Financial logo

About CI Financial (NYSE:CIXX) Stock

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.

CI Financial Price Performance

Shares of CI Financial stock traded down $0.27 during trading on Friday, reaching $11.16. The company's stock had a trading volume of 66,551 shares, compared to its average volume of 37,980. The business has a 50 day moving average price of $11.26 and a 200-day moving average price of $13.97. CI Financial has a 12-month low of $9.92 and a 12-month high of $24.52. The company has a market capitalization of $2.14 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 0.57 and a beta of 1.35. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.12.

CI Financial (NYSE:CIXX - Get Rating) last issued its earnings results on Thursday, May 12th. The company reported $0.67 EPS for the quarter. The company had revenue of $500.33 million for the quarter. CI Financial had a net margin of 15.56% and a return on equity of 40.37%. As a group, sell-side analysts anticipate that CI Financial will post 2.44 EPS for the current year.

CI Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.1391 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.56 dividend on an annualized basis and a yield of 4.99%. CI Financial's dividend payout ratio (DPR) is presently 33.93%.

Analyst Ratings Changes

CIXX has been the subject of several research reports. CIBC reduced their price target on shares of CI Financial from C$28.00 to C$23.00 in a research report on Monday, May 16th. BMO Capital Markets lowered their price target on CI Financial from C$25.00 to C$21.00 in a report on Monday, August 1st. Royal Bank of Canada cut CI Financial from an "outperform" rating to a "sector perform" rating in a research report on Monday, May 16th. Canaccord Genuity Group decreased their price objective on CI Financial from C$23.50 to C$19.50 in a research report on Thursday, July 28th. Finally, Scotiabank dropped their target price on CI Financial from C$21.00 to C$18.00 in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, CI Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.93.

Receive CIXX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for CI Financial and its competitors with MarketBeat's FREE daily newsletter.

CIXX Stock News Headlines

CI Financial (NYSE:CIXX) Price Target Cut to C$18.00
Securityholder Early Warning News Release
CI Financial Corp - Stock News
CI Financial Corp Reports Q1 EPS of CAD $0.85
See More Headlines

Receive CIXX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for CI Financial and its competitors with MarketBeat's FREE daily newsletter.

CIXX Company Calendar

Last Earnings
5/12/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/11/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
2,416
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$22.93
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+105.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$326.60 million
Pretax Margin
22.41%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$2.92 per share
Book Value
$6.48 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.14 billion
Optionable
Not Optionable
Beta
1.35

Key Executives

  • Mr. Kurt MacAlpine (Age 40)
    CEO & Director
    Comp: $3.87M
  • Mr. Darie P. Urbanky
    Pres & COO
  • Mr. Amit Muni CPA (Age 53)
    CPA, Exec. VP & CFO
    Comp: $1.96M
  • 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 BA
    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













CIXX Stock - Frequently Asked Questions

Should I buy or sell CI Financial stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CI Financial stock.
View analyst ratings for CI Financial
or view top-rated stocks.

What is CI Financial's stock price forecast for 2022?

6 Wall Street analysts have issued twelve-month price objectives for CI Financial's stock. Their CIXX stock forecasts range from $16.00 to $34.00. On average, they predict CI Financial's stock price to reach $22.93 in the next year. This suggests a possible upside of 105.5% from the stock's current price.
View analysts' price targets for CI Financial
or view top-rated stocks among Wall Street analysts.

How has CI Financial's stock performed in 2022?

CI Financial's stock was trading at $20.90 at the beginning of the year. Since then, CIXX shares have decreased by 46.6% and is now trading at $11.16.
View the best growth stocks for 2022 here
.

When is CI Financial's next earnings date?

CI Financial is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for CI Financial
.

How were CI Financial's earnings last quarter?

CI Financial Corp. (NYSE:CIXX) announced its earnings results on Thursday, May, 12th. The company reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $500.33 million for the quarter. CI Financial had a trailing twelve-month return on equity of 40.37% and a net margin of 15.56%.

How often does CI Financial pay dividends? What is the dividend yield for CI Financial?

CI Financial announced a quarterly dividend on Friday, May 13th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.1391 per share on Friday, October 14th. This represents a $0.56 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Thursday, September 29th.
View CI Financial's dividend history
.

Is CI Financial a good dividend stock?

CI Financial(NYSE:CIXX) pays an annual dividend of $0.57 per share and currently has a dividend yield of 5.10%. CIXX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of CI Financial is 33.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CI Financial will have a dividend payout ratio of 22.71% next year. This indicates that CI Financial will be able to sustain or increase its dividend.
View CI Financial's dividend history.

What is CI Financial's stock symbol?

CI Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIXX."

Who are CI Financial's major shareholders?

CI Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Scheer Rowlett & Associates Investment Management Ltd. (1.20%), Connor Clark & Lunn Investment Management Ltd. (1.00%), abrdn plc (0.52%), National Bank of Canada FI (0.48%), Scotia Capital Inc. (0.35%) and TD Asset Management Inc. (0.26%).

How do I buy shares of CI Financial?

Shares of CIXX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CI Financial's stock price today?

One share of CIXX stock can currently be purchased for approximately $11.16.

How much money does CI Financial make?

CI Financial (NYSE:CIXX) has a market capitalization of $2.14 billion and generates $2.16 billion in revenue each year. The company earns $326.60 million in net income (profit) each year or $1.68 on an earnings per share basis.

How many employees does CI Financial have?

CI Financial employs 2,416 workers across the globe.

How can I contact CI Financial?

The official website for CI Financial is www.cifinancial.com. The company can be reached via phone at (416) 364-1145 or via email at jweyeneth@ci.com.

This page (NYSE:CIXX) was last updated on 8/7/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.