CI Financial - CIXX Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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.

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

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%).

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.

One share of CIXX stock can currently be purchased for approximately $11.41.

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.

The company employs 2,416 workers across the globe.

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.