S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
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Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months

CI Financial (CIX) Stock Price, News & Analysis

C$14.44
-0.06 (-0.41%)
(As of 12/8/2023 08:58 PM ET)
Compare
Today's Range
C$14.40
C$14.64
50-Day Range
C$12.57
C$15.86
52-Week Range
C$12.01
C$18.69
Volume
302,893 shs
Average Volume
662,372 shs
Market Capitalization
C$2.35 billion
P/E Ratio
41.26
Dividend Yield
5.54%
Price Target
C$17.86

CI Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
23.7% 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.

2.08 out of 5 stars


CIX stock logo

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

CIX Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Closing Bell: CI Financial Corp up on Wednesday (CIX)
CI Financial (CIXXF) Gets a Buy from TD Securities
Closing Bell: CI Financial Corp down on Friday (CIX)
Closing Bell: CI Financial Corp flat on Wednesday (CIX)
CI Financial’s Profits Slip but Its Stock Rises
CI Financial Rebrands U.S. Wealth Unit as Corient
See More Headlines
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Company Calendar

Last Earnings
11/09/2023
Today
12/10/2023
Next Earnings (Estimated)
2/23/2024

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
CIK
N/A
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
+23.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
C$59.02 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.12 billion
Cash Flow
C$1.48 per share
Book Value
C$7.83 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.35 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














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 brokers have issued 1-year price targets 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 twelve months. This suggests a possible upside of 23.7% 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 beginning of the year. Since then, CIX stock has increased by 6.9% and is now trading at C$14.44.
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) released its earnings results on Thursday, November, 9th. The company reported $0.81 earnings per share (EPS) for the quarter. The company earned $616.53 million during the quarter. CI Financial had a trailing twelve-month return on equity of 4.14% and a net margin of 1.89%.

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. Stockholders of record on Monday, March 13th will be paid a dividend of 0.25 per share on Tuesday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 6.93%. The ex-dividend date 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 12/11/2023 by MarketBeat.com Staff

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