Should I buy or sell CI Financial stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CIX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIX, but not buy additional shares or sell existing shares. View CIX analyst ratings or view top-rated stocks .

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

5 Wall Street analysts have issued twelve-month target prices for CI Financial's stock. Their CIX share price targets range from C$15.00 to C$19.00. On average, they expect the company's stock price to reach C$17.86 in the next year. This suggests a possible upside of 22.3% from the stock's current price. View analysts price targets for CIX or view top-rated stocks among Wall Street analysts .

How have CIX shares performed in 2023?

CI Financial's stock was trading at C$13.51 at the start of the year. Since then, CIX stock has increased by 8.1% and is now trading at C$14.60. View the best growth stocks for 2023 here .

When is CI Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024. View our CIX earnings forecast .

How were CI Financial's earnings last quarter?

CI Financial Corp. (TSE:CIX) announced its quarterly earnings results on Thursday, November, 9th. The company reported $0.81 earnings per share (EPS) for the quarter. The business had revenue of $616.53 million for the quarter. CI Financial had a net margin of 1.89% and a trailing twelve-month return on equity of 4.14%.

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

CI Financial announced a quarterly dividend on Friday, March 3rd. Investors of record on Monday, March 13th will be given a dividend of 0.25 per share on Tuesday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Friday, March 10th. Read our dividend analysis for CIX .

Is CI Financial a good dividend stock?

CI Financial (TSE:CIX) pays an annual dividend of C$0.80 per share and currently has a dividend yield of 5.52%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 228.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for CIX .

What other stocks do shareholders of CI Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CI Financial investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Toronto-Dominion Bank (TD) , Open Text (OTEX) and Rogers Communications (RCI) .

How do I buy shares of CI Financial?

Shares of CIX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

CI Financial Stock Price, News & Analysis (TSE:CIX)

C$14.52

+0.02 (+0.14%)

(As of 10:39 AM ET)

Compare

Today's Range: C$14.46
▼
C$14.64
50-Day Range: C$12.57
▼
C$15.86
52-Week Range: C$12.01
▼
C$18.69

Volume: 66,589 shs
Average Volume: 661,224 shs
Market Capitalization: C$2.36 billion

P/E Ratio: 41.49
Dividend Yield: 5.51%
Price Target: C$17.86

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades Ownership

CI Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 22.3% Upside
C$17.86 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

1.79 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
CI Financial has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$17.86, CI Financial has a forecasted upside of 22.3% from its current price of C$14.60.
Amount of Analyst Coverage
CI Financial has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

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

1.7

Dividend Strength

Dividend Leadership
CI Financial is a leading dividend payer. It pays a dividend yield of 5.52%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CI Financial has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of CI Financial is 228.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

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

0.6

News and Social Media Coverage

Search Interest
7 people have searched for CIX on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.

0.8

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 Insiders
12.50% of the stock of CI Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 16.21% of the stock of CI Financial is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CI Financial is 41.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of CI Financial is 41.71, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 312.94.
Price to Earnings Growth Ratio
CI Financial has a PEG Ratio of 0.62. 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 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CI Financial Stock (TSE:CIX)

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.

CIX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CIX Stock News Headlines

November 29, 2023 | finance.yahoo.com

CI Financial Announces Exemptive Relief from the Ontario Securities Commission in Substantial Issuer Bid

November 28, 2023 | finance.yahoo.com

CI Financial Reports Total Assets of $420.7 Billion for October 2023

December 8, 2023 | Edge On The Street (Ad)

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November 24, 2023 | finance.yahoo.com

CI Global Asset Management Updates Responsible Investing Policy

November 10, 2023 | finance.yahoo.com

CI Global Asset Management Investment Performance Recognized With 19 LSEG Lipper Fund Awards

November 10, 2023 | finance.yahoo.com

CI Financial (TSE:CIX) Is Increasing Its Dividend To CA$0.20

November 9, 2023 | finance.yahoo.com

Canada’s CI Financial Wants to Ramp Up U.S. Acquisitions Again

November 9, 2023 | msn.com

CI Financial Non-GAAP EPS of $0.81 in-line, revenue of $616.5M misses by $56.96M

December 8, 2023 | Edge On The Street (Ad)

Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?

November 9, 2023 | finance.yahoo.com

CI Financial Reports Financial Results for the Third Quarter of 2023

November 8, 2023 | finance.yahoo.com

CI Global Asset Management Announces New Series of CI Emerging Markets Bond Fund

November 5, 2023 | theglobeandmail.com

Closing Bell: CI Financial Corp up on Wednesday (CIX)

October 24, 2023 | msn.com

CI Financial says preliminary total assets were C$421B in September

October 18, 2023 | markets.businessinsider.com

CI Financial (CIXXF) Gets a Buy from TD Securities

October 2, 2023 | finance.yahoo.com

CI Global Asset Management Now Offering First Home Savings Account

September 30, 2023 | finance.yahoo.com

CI Financial (TSE:CIX) Is Paying Out A Larger Dividend Than Last Year

September 27, 2023 | finance.yahoo.com

CI Financial Reports Total Assets of $431.9 Billion for August 2023

August 29, 2023 | finance.yahoo.com

CI Global Asset Management Brings Leading Alternative Asset Managers to Canadian Investors Through Two Private Markets Solutions

August 25, 2023 | theglobeandmail.com

Closing Bell: CI Financial Corp down on Friday (CIX)

August 23, 2023 | theglobeandmail.com

Closing Bell: CI Financial Corp flat on Wednesday (CIX)

August 14, 2023 | tmcnet.com

CoinStore.com Announces the Listing of Centurion Invest $CIX>

August 10, 2023 | msn.com

CI Financial's Profits Slip but Its Stock Rises

August 10, 2023 | finance.yahoo.com

CI Financial’s Profits Slip but Its Stock Rises

August 10, 2023 | finance.yahoo.com

CI Financial to Acquire Ultra-High-Net-Worth Wealth Manager Coriel Capital

August 10, 2023 | finance.yahoo.com

CI Financial Reports Financial Results for the Second Quarter of 2023

August 1, 2023 | finance.yahoo.com

CI Financial Rebrands U.S. Wealth Unit as Corient

July 4, 2023 | finance.yahoo.com

CI Global Asset Management Announces Significant Fee Reductions on Money Market Fund Lineup

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/07/2023
Next Earnings (Estimated): 2/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Asset Management
Sub-Industry: N/A
Sector: Financial Services
Current Symbol: TSE:CIX
CUSIP: N/A
CIK: N/A
Web: www.cifinancial.com
Phone: +1-416-3641145
Fax: N/A
Employees: 2,416
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$17.86
High Stock Price Target: C$19.00
Low Stock Price Target: C$15.00
Potential Upside/Downside: +23.2%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.35
Trailing P/E Ratio: 41.43
Forward P/E Ratio: 4.15
P/E Growth: 0.62
Net Income: C$59.02 million
Net Margins: 1.89%
Pretax Margin: N/A
Return on Equity: 4.14%
Return on Assets: 5.24%

Debt

Debt-to-Equity Ratio: 275.51
Current Ratio: 0.35
Quick Ratio: 0.17

Sales & Book Value

Annual Sales: C$3.12 billion
Price / Sales: 0.76
Cash Flow: C$1.48 per share
Price / Cash Flow: 9.77
Book Value: C$7.83 per share
Price / Book: 1.85

Miscellaneous

Outstanding Shares: 162,780,000
Free Float: N/A
Market Cap: C$2.36 billion
Optionable: Not Optionable
Beta: 1.59

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Key Executives

Mr. Kurt MacAlpine (Age 41)
CEO & Director
Comp: $2.43M
Mr. Darie P. Urbanky
President, COO & Head of Asset Management
Mr. Amit Muni CPA (Age 54)
Executive VP & CFO
Comp: $855.62k
Mr. Marc-Andre Lewis Ph.D.
Executive VP & Chief Investment Officer
Ms. Julie Lynn Silcox
Executive VP & Chief Marketing Officer
Mr. Jason Lee Weyeneth C.F.A.
Vice President of Investor Relations & Strategy
Mr. Edward Douglas Kelterborn B.A.
L.L.B., Executive VP & Chief Legal Officer
Mr. Murray Oxby
Vice President of Communications
Mr. Amarjit Kaur Anderson
Chief Risk Officer
Bradley R. Howard
Corporate Secretary

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CIX Stock Analysis - Frequently Asked Questions

Should I buy or sell CI Financial stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CIX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIX, but not buy additional shares or sell existing shares.
View CIX analyst ratings or view top-rated stocks.
What is CI Financial's stock price target for 2024?: 5 Wall Street analysts have issued twelve-month target prices for CI Financial's stock. Their CIX share price targets range from C$15.00 to C$19.00. On average, they expect the company's stock price to reach C$17.86 in the next year. This suggests a possible upside of 22.3% from the stock's current price.
View analysts price targets for CIX or view top-rated stocks among Wall Street analysts.
How have CIX shares performed in 2023?: CI Financial's stock was trading at C$13.51 at the start of the year. Since then, CIX stock has increased by 8.1% and is now trading at C$14.60.
View the best growth stocks for 2023 here.
When is CI Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our CIX earnings forecast.
How were CI Financial's earnings last quarter?: CI Financial Corp. (TSE:CIX) announced its quarterly earnings results on Thursday, November, 9th. The company reported $0.81 earnings per share (EPS) for the quarter. The business had revenue of $616.53 million for the quarter. CI Financial had a net margin of 1.89% and a trailing twelve-month return on equity of 4.14%.

How often does CI Financial pay dividends? What is the dividend yield for CI Financial?: CI Financial announced a quarterly dividend on Friday, March 3rd. Investors of record on Monday, March 13th will be given a dividend of 0.25 per share on Tuesday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Friday, March 10th.
Read our dividend analysis for CIX.
Is CI Financial a good dividend stock?: CI Financial (TSE:CIX) pays an annual dividend of C$0.80 per share and currently has a dividend yield of 5.52%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 228.57%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CIX.
What other stocks do shareholders of CI Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CI Financial investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Toronto-Dominion Bank (TD), Open Text (OTEX) and Rogers Communications (RCI).
How do I buy shares of CI Financial?: Shares of CIX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CIX) was last updated on 12/8/2023 by MarketBeat.com Staff

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CI Financial Stock Price, News & Analysis (TSE:CIX)

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

Search Interest

Company Ownership

Earnings and Valuation

About CI Financial Stock (TSE:CIX)

CIX Stock Price History

CIX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CIX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™