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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Climate bill: Could coal communities shift to nuclear?
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
"Prepare for Five Years of Famine" (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Germans urged to cap heat in offices this winter to save gas
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Climate bill: Could coal communities shift to nuclear?
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
"Prepare for Five Years of Famine" (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Germans urged to cap heat in offices this winter to save gas
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Climate bill: Could coal communities shift to nuclear?
Former Deutsche Bank Co-CEO Anshu Jain dies
High oil prices help Saudi Aramco earn $88B in first half
"Prepare for Five Years of Famine" (Ad)
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
Germans urged to cap heat in offices this winter to save gas
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
TSE:CIX

CI Financial - CIX Stock Forecast, Price & News

C$15.80
+0.73 (+4.84%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$15.15
C$15.83
50-Day Range
C$13.45
C$15.81
52-Week Range
C$12.98
C$30.88
Volume
1.39 million shs
Average Volume
789,170 shs
Market Capitalization
C$3.04 billion
P/E Ratio
7.45
Dividend Yield
4.78%
Price Target
C$20.63
CIX stock logo

About CI Financial (TSE:CIX) 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 Trading Up 4.8 %

Shares of TSE:CIX opened at C$15.80 on Friday. The company has a quick ratio of 0.18, a current ratio of 0.65 and a debt-to-equity ratio of 226.76. The stock's 50 day moving average price is C$14.36 and its two-hundred day moving average price is C$17.46. CI Financial has a 52-week low of C$12.98 and a 52-week high of C$30.88. The stock has a market capitalization of C$3.04 billion and a P/E ratio of 7.45.

CI Financial (TSE:CIX - Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported C$0.85 earnings per share (EPS) for the quarter. The firm had revenue of C$633.75 million for the quarter. On average, analysts anticipate that CI Financial will post 3.4599999 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CIX shares. TD Securities lifted their price objective on shares of CI Financial from C$14.50 to C$15.50 and gave the company a "hold" rating in a research note on Friday. Royal Bank of Canada lowered shares of CI Financial from an "outperform" rating to a "hold" rating and cut their price objective for the stock from C$26.00 to C$19.00 in a report on Monday, May 16th. BMO Capital Markets lowered their target price on CI Financial from C$26.00 to C$25.00 in a research note on Friday, May 13th. Canaccord Genuity Group cut their price target on CI Financial from C$27.50 to C$23.50 in a research note on Monday, May 16th. Finally, Barclays dropped their price objective on CI Financial from C$25.00 to C$22.00 in a report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, CI Financial has an average rating of "Hold" and a consensus price target of C$22.22.

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CIX Stock News Headlines

CI Financial shares climb on profit growth
CI Financial (CIX) Set to Announce Earnings on Thursday
Load Up Your TFSA With These 3 Beaten-Down Stocks
CI Global Asset Management Opens the Market
See More Headlines
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CIX Company Calendar

Today
8/14/2022
Next Earnings (Estimated)
11/10/2022

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
2,416
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$20.63
High Stock Price Forecast
C$25.00
Low Stock Price Forecast
C$15.50
Forecasted Upside/Downside
+30.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.88 billion
Cash Flow
C$1.26 per share
Book Value
C$8.32 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.04 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Kurt MacAlpine (Age 40)
    CEO & Director
    Comp: $5.01M
  • Mr. Darie P. Urbanky
    Pres & COO
  • Mr. Amit Muni CPA (Age 53)
    CPA, Exec. VP & CFO
    Comp: $2.53M
  • 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
  • Ms. Lorraine P. Blair
    Exec. VP & Chief Talent Officer
  • Mr. Amarjit Kaur Anderson
    Chief Risk Officer













CIX Stock - Frequently Asked Questions

Should I buy or sell CI Financial stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2022?

5 Wall Street analysts have issued 12 month target prices for CI Financial's stock. Their CIX share price forecasts range from C$15.50 to C$25.00. On average, they predict the company's stock price to reach C$20.63 in the next year. This suggests a possible upside of 30.5% 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 2022?

CI Financial's stock was trading at C$26.44 at the start of the year. Since then, CIX shares have decreased by 40.2% and is now trading at C$15.80.
View the best growth stocks for 2022 here
.

When is CI Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our CIX earnings forecast
.

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

CI Financial declared a quarterly dividend on Thursday, December 30th. Investors of record on Friday, January 14th will be given a dividend of 0.18 per share on Friday, January 14th. This represents a $0.72 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Thursday, December 30th.
Read our dividend analysis for CIX
.

Is CI Financial a good dividend stock?

CI Financial (TSE:CIX) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 4.78%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.96%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CIX.

What other stocks do shareholders of CI Financial own?

What is CI Financial's stock symbol?

CI Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CIX."

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.

What is CI Financial's stock price today?

One share of CIX stock can currently be purchased for approximately C$15.80.

How much money does CI Financial make?

CI Financial (TSE:CIX) has a market capitalization of C$3.04 billion and generates C$2.88 billion in revenue each year.

How many employees does CI Financial have?

The company employs 2,416 workers across the globe.

How can I contact CI Financial?

CI Financial's mailing address is Twentieth, 2 Queen St E Floor, TORONTO, ON M5C 3G7, Canada. The official website for the company is www.cifinancial.com. The company can be reached via phone at +1-416-3641145.

This page (TSE:CIX) was last updated on 8/14/2022 by MarketBeat.com Staff

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