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The How and Why of Investing in Gold Stocks
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DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Desperate governments do desperate things… (Ad)pixel
The How and Why of Investing in Gold Stocks
Trump says he took the Fifth in NY civil investigation
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The Collapse of 2022 Has Begun (Ad)pixel
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Rhine River could fall below critical mark, risking industry
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The Collapse of 2022 Has Begun (Ad)pixel
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Desperate governments do desperate things… (Ad)pixel
The How and Why of Investing in Gold Stocks
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
The Collapse of 2022 Has Begun (Ad)pixel
Wall Street roars after inflation cools more than expected
Rhine River could fall below critical mark, risking industry
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
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NYSE:CIXX

CI Financial - CIXX Stock Forecast, Price & News

$11.41
+0.57 (+5.26%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.01
$11.49
50-Day Range
$10.26
$12.77
52-Week Range
$9.92
$24.52
Volume
44,095 shs
Average Volume
37,513 shs
Market Capitalization
$2.19 billion
P/E Ratio
6.79
Dividend Yield
5.25%
Price Target
$22.93

CI Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
101.0% Upside
$22.93 Price Target
Short Interest
Bearish
0.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.09mentions of CI Financial in the last 14 days
Based on 3 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.

2.47 out of 5 stars

Finance Sector

367th out of 904 stocks

Investment Advice Industry

23rd out of 49 stocks

CIXX stock 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 Stock Performance

Shares of CI Financial stock traded up $0.57 on Wednesday, reaching $11.41. The stock had a trading volume of 44,095 shares, compared to its average volume of 65,271. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50-day moving average price is $11.20 and its two-hundred day moving average price is $13.84. The stock has a market cap of $2.19 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.57 and a beta of 1.36. CI Financial has a fifty-two week low of $9.92 and a fifty-two week high of $24.52.

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

CI Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.1391 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Thursday, September 29th. CI Financial's payout ratio is presently 33.93%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CIXX shares. BMO Capital Markets reduced their price objective on CI Financial from C$25.00 to C$21.00 in a research report on Monday, August 1st. CIBC lowered their price target on CI Financial from C$28.00 to C$23.00 in a research note on Monday, May 16th. Canaccord Genuity Group cut their price objective on shares of CI Financial from C$23.50 to C$19.50 in a research report on Thursday, July 28th. TD Securities decreased their target price on shares of CI Financial from C$19.00 to C$16.00 in a research report on Friday, May 13th. Finally, Scotiabank cut their price target on shares of CI Financial from C$21.00 to C$18.00 in a report on Tuesday, July 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.93.

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CIXX Stock News Headlines

CI Financial (CIXX) to Release Quarterly Earnings on Thursday
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
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CIXX Company Calendar

Last Earnings
8/10/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/11/2022
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
+101.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
4 Analysts

Profitability

Net Income
$326.60 million
Pretax Margin
22.41%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$3.08 per share
Book Value
$6.48 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.19 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?

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

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

4 brokers have issued twelve-month price objectives for CI Financial's shares. Their CIXX share price forecasts range from $16.00 to $34.00. On average, they expect the company's stock price to reach $22.93 in the next twelve months. This suggests a possible upside of 101.0% from the stock's current price.
View analysts price targets for CIXX
or view top-rated stocks among Wall Street analysts.

How have CIXX shares performed in 2022?

CI Financial's stock was trading at $20.90 at the start of the year. Since then, CIXX stock has decreased by 45.4% and is now trading at $11.41.
View the best growth stocks for 2022 here
.

Are investors shorting CI Financial?

CI Financial saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 994,200 shares, an increase of 9.6% from the July 15th total of 907,500 shares. Based on an average trading volume of 56,500 shares, the short-interest ratio is presently 17.6 days. Approximately 0.6% of the shares of the stock are sold short.
View CI Financial's Short Interest
.

When is CI Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our CIXX earnings forecast
.

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 for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm earned $662.40 million during the quarter, compared to analyst estimates of $679.30 million. CI Financial had a net margin of 15.56% and a trailing twelve-month return on equity of 40.37%. The company's revenue was up 3.4% compared to the same quarter last year.

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

CI Financial declared a quarterly dividend on Friday, May 13th. Investors 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 4.88%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for CIXX
.

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 5.26%. CIXX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIXX will have a dividend payout ratio of 22.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIXX.

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 many different institutional and retail investors. Top institutional shareholders include Mackenzie Financial Corp (1.21%), 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%) and Scotia Capital Inc. (0.35%).

How do I buy shares of CI Financial?

Shares of CIXX stock 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 $11.41.

How much money does CI Financial make?

CI Financial (NYSE:CIXX) has a market capitalization of $2.19 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?

The company employs 2,416 workers across the globe.

How can I contact CI Financial?

The official website for the company 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 8/11/2022 by MarketBeat.com Staff

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