CI Financial Corp Company Profile (TSE:CIX)

About CI Financial Corp (TSE:CIX)

CI Financial Corp logoCI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration. The Company's Asset Management segment provides the majority of CI's income and derives its revenue principally from the fees earned on the management of various families of mutual, segregated, pooled, exchange-traded and closed-end funds, structured products and discretionary accounts. CI's Asset Administration segment derives its revenue principally from commissions and fees earned on the sale of mutual funds and other financial products and ongoing service to clients. The Company's products are distributed primarily through brokers, independent financial planners and insurance advisors, among others.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: TSE:CIX
  • CUSIP: N/A
  • Web: N/A
Capitalization:
  • Market Cap: C$7.08 billion
  • Outstanding Shares: 261,847,000
Average Prices:
  • 50 Day Moving Avg: C$26.67
  • 200 Day Moving Avg: C$27.20
  • 52 Week Range: C$23.52 - C$29.94
P/E:
  • Trailing P/E Ratio: 13.94
  • P/E Growth: 1.07
Sales & Book Value:
  • Annual Revenue: C$1.98 billion
  • Price / Sales: 3.57
  • Book Value: C$6.56 per share
  • Price / Book: 4.12
Dividend:
  • Dividend Yield: 5.2%
Profitability:
  • EBIDTA: C$742.36 million
Misc:
  • Average Volume: 465,178 shs.
  • Short Ratio: 8.84
 

Frequently Asked Questions for CI Financial Corp (TSE:CIX)

What is CI Financial Corp's stock symbol?

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

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

CI Financial Corp declared a monthly dividend on Wednesday, April 26th. Shareholders of record on Monday, May 15th will be paid a dividend of 0.115 per share on Monday, May 15th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Wednesday, April 26th. View CI Financial Corp's Dividend History.

Where is CI Financial Corp's stock going? Where will CI Financial Corp's stock price be in 2017?

8 brokers have issued 12 month price objectives for CI Financial Corp's shares. Their forecasts range from C$27.00 to C$32.00. On average, they expect CI Financial Corp's stock price to reach C$29.00 in the next year. View Analyst Ratings for CI Financial Corp.

Who are some of CI Financial Corp's key competitors?

How do I buy CI Financial Corp stock?

Shares of CI Financial Corp and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

How much does a share of CI Financial Corp stock cost?

One share of CI Financial Corp stock can currently be purchased for approximately C$27.02.

Analyst Ratings

Consensus Ratings for CI Financial Corp (TSE:CIX) (?)
Ratings Breakdown: 1 Sell Rating, 3 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: C$29.00

Analysts' Ratings History for CI Financial Corp (TSE:CIX)
Show:
DateFirmActionRatingPrice TargetDetails
5/12/2017ScotiabankLower Price TargetSector PerformC$29.00 -> C$28.00View Rating Details
5/11/2017Barclays PLCReiterated RatingOverweightC$30.00View Rating Details
2/17/2017DesjardinsLower Price TargetHoldC$28.00 -> C$27.00View Rating Details
2/17/2017TD SecuritiesBoost Price TargetHoldC$27.00 -> C$28.00View Rating Details
1/9/2017Royal Bank of CanadaDowngradeSector Perform -> UnderperformC$26.00 -> C$27.00View Rating Details
11/4/2016Canaccord GenuityUpgradeHold -> BuyView Rating Details
8/5/2016GMP SecuritiesLower Price TargetBuyC$35.50 -> C$32.00View Rating Details
8/5/2016CIBCLower Price TargetC$32.50 -> C$31.00View Rating Details
8/5/2016BMO Capital MarketsLower Price TargetOutperformC$31.00 -> C$29.00View Rating Details
2/3/2016National Bank FinancialLower Price TargetC$34.00 -> C$31.00View Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for CI Financial Corp (TSE:CIX)
Earnings by Quarter for CI Financial Corp (TSE:CIX)
Earnings History by Quarter for CI Financial Corp (TSE:CIX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/7/2014$0.47$0.45$472.06 million$464.74 millionViewN/AView Earnings Details
5/7/2014$0.43$0.43$441.21 million$445.56 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CI Financial Corp (TSE:CIX)
2017 EPS Consensus Estimate: $2.31
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.53$0.58$0.56
Q2 20172$0.54$0.60$0.57
Q3 20172$0.55$0.62$0.59
Q4 20172$0.56$0.63$0.60
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for CI Financial Corp (TSE:CIX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/26/2017Monthly$0.125.15%4/26/20175/15/20175/15/2017
10/27/2016Monthly$0.125.63%10/27/201611/15/201611/15/2016
7/27/2016Monthly$0.125.21%7/27/20168/15/20168/15/2016
4/27/2016Monthly$0.114.67%4/27/20165/13/20165/13/2016
1/27/2016Monthly$0.114.37%1/27/20162/12/20162/12/2016
11/25/2015Monthly$0.114.23%11/25/201512/15/201512/15/2015
10/28/2015Monthly$0.114.2%10/28/201511/13/201511/13/2015
8/6/2015$0.088/27/20158/31/20159/15/2015
5/7/2015$0.097/29/20157/31/20158/14/2015
5/7/2015$0.096/26/20156/30/20157/15/2015
5/7/2015$0.095/27/20155/31/20156/15/2015
2/12/2015$0.084/28/20154/30/20155/15/2015
2/12/2015$0.083/27/20153/31/20154/15/2015
2/12/2015$0.082/25/20152/28/20153/13/2015
1/28/2015Monthly$0.113.88%1/28/20152/13/20152/13/2015
11/6/2014$0.0912/29/201412/31/20141/15/2015
11/6/2014nov 14$0.113.71%11/25/201411/30/201412/15/2014
10/29/2014Monthly$0.103.8%10/29/201411/14/201411/14/2014
8/7/2014$0.098/27/20148/31/20149/15/2014
7/29/2014Monthly$0.103.46%7/29/20148/15/20148/15/2014
5/7/2014$0.096/26/20146/30/20147/15/2014
5/7/2014may 14$0.105/28/20145/31/20146/13/2014
4/28/2014Monthly$0.103.2%4/28/20145/15/20145/15/2014
2/13/2014$0.092/26/20142/28/20143/14/2014
2/26/2014Monthly$0.103.2%2/26/20143/14/20143/14/2014
11/7/2013$0.091/29/20141/31/20142/14/2014
1/29/2014Monthly$0.103.25%1/29/20142/14/20142/14/2014
11/7/2013$0.0912/27/201312/31/20131/15/2014
11/7/2013$0.0911/27/201311/30/201312/13/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CI Financial Corp (TSE:CIX)
Insider Trades by Quarter for CI Financial Corp (TSE:CIX)
Insider Trades by Quarter for CI Financial Corp (TSE:CIX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/16/2017Jan SampsonDirectorSell5,000C$27.32C$136,600.00
3/10/2017Barry Huntly GordonDirectorSell50,000C$26.93C$1,346,500.00
2/22/2017A. Winn OughtredDirectorSell50,000C$27.68C$1,384,000.00
1/12/2017Barry Huntly GordonDirectorSell30,000C$28.50C$855,000.00
1/11/2017Barry Huntly GordonDirectorSell20,000C$28.64C$572,800.00
3/24/2016Lawrence H RoweDirectorSell13,281C$29.26C$388,588.78
3/4/2016David P MillerDirectorBuy1,000C$28.80C$28,800.00
2/26/2016William T HollandDirectorSell1,000,000C$30.00C$30,000,000.00
2/23/2016David P MillerDirectorBuy1,000C$29.00C$29,000.00
2/19/2016David P MillerDirectorBuy1,000C$29.00C$29,000.00
1/14/2016Douglas J.R. JamiesonInsiderBuy200C$28.89C$5,778.00
12/23/2015A. Winn OughtredDirectorSell165,300C$30.81C$5,092,231.80
12/22/2015A. Winn OughtredDirectorSell50,000C$30.52C$1,526,140.00
12/21/2015A. Winn OughtredDirectorSell64,000C$30.58C$1,957,126.40
12/18/2015A. Winn OughtredDirectorSell58,500C$30.49C$1,783,390.05
12/17/2015A. Winn OughtredDirectorSell137,600C$30.52C$4,199,249.28
12/7/2015A. Winn OughtredDirectorSell54,900C$31.30C$1,718,364.51
12/4/2015A. Winn OughtredDirectorSell269,700C$31.27C$8,433,788.70
11/18/2015Stephen A MacphailInsiderSell2,555C$31.67C$80,905.10
10/16/2015Stephen A MacphailInsiderSell49,733C$31.61C$1,572,040.24
10/5/2015Thomas Pinaud MuirDirectorBuy20,392C$31.03C$632,763.76
7/7/2015Lorraine P BlairDirectorSell1,500C$33.09C$49,635.45
5/14/2015William T HollandDirectorSell100,000C$35.84C$3,584,010.00
3/25/2015David C PauliInsiderSell4,900C$35.87C$175,763.00
3/13/2015Douglas J.R. JamiesonInsiderSell10,000C$35.02C$350,153.00
2/24/2015Mark D MacleodDirectorSell1,200C$35.37C$42,444.00
12/8/2014David C PauliInsiderSell5,000C$32.93C$164,650.00
11/14/2014Douglas J.R. JamiesonInsiderSell10,000C$34.09C$340,900.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CI Financial Corp (TSE:CIX)
Latest Headlines for CI Financial Corp (TSE:CIX)
Source:
DateHeadline
fool.ca logo2 Dividend-Growth Stocks Yielding Over 5% I’d Buy Today
www.fool.ca - May 24 at 9:14 PM
finance.yahoo.com logoVeteran portfolio manager Peter Hofstra to join CI Investments
finance.yahoo.com - May 24 at 4:12 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bullish Manner : CIX-CA : May 22, 2017
finance.yahoo.com - May 22 at 12:37 PM
finance.yahoo.com logoSkylon Growth & Income Trust Announces Distribution For Month Ending May 2017
finance.yahoo.com - May 19 at 4:14 PM
americanbankingnews.com logoDesjardins Comments on CI Financial Corp's Q2 2017 Earnings (CIX)
www.americanbankingnews.com - May 15 at 7:20 AM
americanbankingnews.com logoBarclays PLC Reiterates "Overweight" Rating for CI Financial Corp (CIX)
www.americanbankingnews.com - May 13 at 9:30 PM
finance.yahoo.com logoEdited Transcript of CIX.TO earnings conference call or presentation 11-May-17 8:00pm GMT
finance.yahoo.com - May 12 at 4:52 PM
americanbankingnews.com logoScotiabank Trims CI Financial Corp (CIX) Target Price to C$28.00
www.americanbankingnews.com - May 12 at 4:04 PM
finance.yahoo.com logoCI Financial reports first quarter results, increases dividend
finance.yahoo.com - May 11 at 4:56 PM
nasdaq.com logoCI Financial Named Top 25 Dividend Stock With 5.16% Yield (CIX)
www.nasdaq.com - May 10 at 9:34 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bullish Manner : CIX-CA : May 9, 2017
finance.yahoo.com - May 9 at 4:17 PM
seekingalpha.com logoCanadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of May 8-12, 2017
seekingalpha.com - May 6 at 4:37 PM
americanbankingnews.com logoCI Financial Corp (CIX) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - May 3 at 12:34 AM
marketwatch.com logoCI Financial amends Normal Course Issuer Bid - MarketWatch
www.marketwatch.com - May 2 at 12:04 PM
finance.yahoo.com logoCI Financial amends Normal Course Issuer Bid
finance.yahoo.com - May 1 at 4:17 PM
finance.yahoo.com logoCI Investments launches CI Preferred Pricing™ and CI Private Wealth™ programs
finance.yahoo.com - May 1 at 4:17 PM
americanbankingnews.com logoCI Financial Corp to Post FY2017 Earnings of $2.23 Per Share, Desjardins Forecasts (CIX)
www.americanbankingnews.com - April 28 at 3:44 PM
americanbankingnews.com logoCI Financial Corp to Post Q1 2017 Earnings of $0.53 Per Share, Desjardins Forecasts (CIX)
www.americanbankingnews.com - April 27 at 7:28 AM
finance.yahoo.com logoCI Financial Corp. : CIX-CA: Dividend Analysis : April 30th, 2017 (record date) : By the numbers : April 26, 2017
finance.yahoo.com - April 26 at 4:49 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bullish Manner : CIX-CA : April 25, 2017
finance.yahoo.com - April 25 at 12:14 PM
finance.yahoo.com logoCI Investments joins Responsible Investment Association as associate member
finance.yahoo.com - April 24 at 4:14 PM
finance.yahoo.com logoCI Financial announces election of directors and results of annual and special meeting of shareholders
finance.yahoo.com - April 21 at 4:24 PM
finance.yahoo.com logoSkylon Growth & Income Trust Announces Distribution For Month Ending April 2017
finance.yahoo.com - April 19 at 12:51 PM
finance.yahoo.com logoResearch Reports Initiated on Financials Stocks CI Financial, Sprott, Tricon Capital Group, and Noranda Income Fund - Yahoo Finance
finance.yahoo.com - April 17 at 12:11 PM
finance.yahoo.com logoCI Financial to hold Annual and Special Meeting of Shareholders on April 20; provides update on first quarter sales - Yahoo Finance
finance.yahoo.com - April 17 at 12:11 PM
finance.yahoo.com logoCI Financial to hold Annual and Special Meeting of Shareholders on April 20; provides update on first quarter sales
finance.yahoo.com - April 17 at 12:10 PM
fool.ca logoCI Financial Corp.: A Great Stock for Contrarian Investors - The Motley Fool Canada
www.fool.ca - April 13 at 4:24 PM
finance.yahoo.com logoCI Investments announces portfolio management changes
finance.yahoo.com - April 7 at 8:59 AM
americanbankingnews.com logoCI Financial Corp (CIX) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 5 at 4:55 PM
finance.yahoo.com logoSkylon Growth & Income Trust Announces Distribution For Month Ending March 2017
finance.yahoo.com - March 22 at 3:50 PM
finance.yahoo.com logoDDJ High Yield Fund announces distribution to unitholders
finance.yahoo.com - March 22 at 3:50 PM
finance.yahoo.com logoCI Investments to launch automatic preferred pricing program in May 2017
finance.yahoo.com - March 14 at 4:10 PM
finance.yahoo.com logoFirst Asset Announces Update on Fund Mergers - Yahoo Finance
finance.yahoo.com - March 3 at 9:22 PM
finance.yahoo.com logoResearch Reports Initiated on Financials Stocks CI Financial, Fiera Capital, North American Financial 15 Split, and Tricon Capital Group
finance.yahoo.com - March 3 at 4:20 PM
finance.yahoo.com logoCI Financial reports assets under management
finance.yahoo.com - March 1 at 9:21 PM
marketwatch.com logoUnitholders of First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund ... - MarketWatch
www.marketwatch.com - February 23 at 4:16 PM
finance.yahoo.com logoAssante partners with the McMichael in celebration of Canadian art
finance.yahoo.com - February 22 at 12:07 PM
finance.yahoo.com logoEdited Transcript of CIX.TO earnings conference call or presentation 16-Feb-17 9:00pm GMT
finance.yahoo.com - February 17 at 5:53 PM
finance.yahoo.com logoSkylon Growth & Income Trust Announces Distribution For Month Ending February 2017
finance.yahoo.com - February 16 at 4:24 PM
biz.yahoo.com logoQ4 2016 CI Financial Corp Earnings Release - Before Market Open
biz.yahoo.com - February 16 at 10:49 AM
finance.yahoo.com logoCI Financial reports fourth quarter and annual results: Assets under management increase 6%
finance.yahoo.com - February 16 at 10:49 AM
finance.yahoo.com logoCI Investments becomes signatory to UN Principles for Responsible Investing
finance.yahoo.com - February 1 at 4:37 PM
finance.yahoo.com logoCI Financial announces earnings conference call and webcast
finance.yahoo.com - January 27 at 5:41 PM
finance.yahoo.com logoCI Investments funds recognized as the best investment funds of 2016
finance.yahoo.com - January 26 at 10:23 PM
forbes.com logoCash Dividend On The Way From CI Financial
www.forbes.com - January 25 at 11:25 AM

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Chart

CI Financial Corp (CIX) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff