CI Financial (CIX) Stock Price, News & Analysis C$14.44 -0.06 (-0.41%) (As of 12/8/2023 08:58 PM ET) Add Compare Share Share Today's RangeC$14.40▼C$14.6450-Day RangeC$12.57▼C$15.8652-Week RangeC$12.01▼C$18.69Volume302,893 shsAverage Volume662,372 shsMarket CapitalizationC$2.35 billionP/E Ratio41.26Dividend Yield5.54%Price TargetC$17.86 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesOwnershipStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesOwnership CI Financial MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside23.7% UpsideC$17.86 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 2.1 Analyst's Opinion Consensus RatingCI 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/DownsideAccording to analysts' consensus price target of C$17.86, CI Financial has a forecasted upside of 23.7% from its current price of C$14.44.Amount of Analyst CoverageCI Financial has only been the subject of 4 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CIX. Previous Next 1.7 Dividend Strength Dividend LeadershipCI 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 GrowthCI Financial has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of CI Financial is 228.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIX. Previous Next 2.8 News and Social Media Coverage News SentimentCI Financial has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for CI Financial this week, compared to 1 article on an average week.Search Interest7 people have searched for CIX on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CI Financial insiders have not sold or bought any company stock.Percentage Held by Insiders12.50% 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 InstitutionsOnly 16.21% of the stock of CI Financial is held by institutions. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of CI Financial is 41.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.55.Price to Earnings Ratio vs. SectorThe P/E ratio of CI Financial is 41.26, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 339.68.Price to Earnings Growth RatioCI 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 RatioCI Financial has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next 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.Read More CIX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIX Stock News HeadlinesDecember 9, 2023 | finance.yahoo.comCanadian Market Caution: 3 Stocks to Consider Selling TodayNovember 29, 2023 | finance.yahoo.comCI Financial Announces Exemptive Relief from the Ontario Securities Commission in Substantial Issuer BidDecember 11, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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.comNovember 28, 2023 | finance.yahoo.comCI Financial Reports Total Assets of $420.7 Billion for October 2023November 24, 2023 | finance.yahoo.comCI Global Asset Management Updates Responsible Investing PolicyNovember 10, 2023 | finance.yahoo.comCI Global Asset Management Investment Performance Recognized With 19 LSEG Lipper Fund AwardsNovember 10, 2023 | finance.yahoo.comCI Financial (TSE:CIX) Is Increasing Its Dividend To CA$0.20November 9, 2023 | finance.yahoo.comCanada’s CI Financial Wants to Ramp Up U.S. Acquisitions AgainDecember 11, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix 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.comNovember 9, 2023 | msn.comCI Financial Non-GAAP EPS of $0.81 in-line, revenue of $616.5M misses by $56.96MNovember 9, 2023 | finance.yahoo.comCI Financial Reports Financial Results for the Third Quarter of 2023November 8, 2023 | finance.yahoo.comCI Global Asset Management Announces New Series of CI Emerging Markets Bond FundNovember 5, 2023 | theglobeandmail.comClosing Bell: CI Financial Corp up on Wednesday (CIX)October 24, 2023 | msn.comCI Financial says preliminary total assets were C$421B in SeptemberOctober 18, 2023 | markets.businessinsider.comCI Financial (CIXXF) Gets a Buy from TD SecuritiesOctober 2, 2023 | finance.yahoo.comCI Global Asset Management Now Offering First Home Savings AccountSeptember 30, 2023 | finance.yahoo.comCI Financial (TSE:CIX) Is Paying Out A Larger Dividend Than Last YearSeptember 27, 2023 | finance.yahoo.comCI Financial Reports Total Assets of $431.9 Billion for August 2023August 29, 2023 | finance.yahoo.comCI Global Asset Management Brings Leading Alternative Asset Managers to Canadian Investors Through Two Private Markets SolutionsAugust 25, 2023 | theglobeandmail.comClosing Bell: CI Financial Corp down on Friday (CIX)August 23, 2023 | theglobeandmail.comClosing Bell: CI Financial Corp flat on Wednesday (CIX)August 14, 2023 | tmcnet.comCoinStore.com Announces the Listing of Centurion Invest $CIX>August 10, 2023 | msn.comCI Financial's Profits Slip but Its Stock RisesAugust 10, 2023 | finance.yahoo.comCI Financial’s Profits Slip but Its Stock RisesAugust 10, 2023 | finance.yahoo.comCI Financial to Acquire Ultra-High-Net-Worth Wealth Manager Coriel CapitalAugust 10, 2023 | finance.yahoo.comCI Financial Reports Financial Results for the Second Quarter of 2023August 1, 2023 | finance.yahoo.comCI Financial Rebrands U.S. Wealth Unit as CorientSee More Headlines Receive CIX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CI Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/09/2023Today12/10/2023Next Earnings (Estimated)2/23/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Asset Management Sub-IndustryN/A SectorFinancial Services Current SymbolTSE:CIX CUSIPN/A CIKN/A Webwww.cifinancial.com Phone+1-416-3641145FaxN/AEmployees2,416Year FoundedN/APrice Target and Rating Average Stock Price TargetC$17.86 High Stock Price TargetC$19.00 Low Stock Price TargetC$15.00 Potential Upside/Downside+23.7%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.35 Trailing P/E Ratio41.26 Forward P/E Ratio4.13 P/E Growth0.62Net IncomeC$59.02 million Net Margins1.89% Pretax MarginN/A Return on Equity4.14% Return on Assets5.24% Debt Debt-to-Equity Ratio275.51 Current Ratio0.35 Quick Ratio0.17 Sales & Book Value Annual SalesC$3.12 billion Price / Sales0.75 Cash FlowC$1.48 per share Price / Cash Flow9.77 Book ValueC$7.83 per share Price / Book1.84Miscellaneous Outstanding Shares162,780,000Free FloatN/AMarket CapC$2.35 billion OptionableNot Optionable Beta1.59 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Kurt MacAlpine (Age 41)CEO & Director Comp: $2.43MMr. Darie P. UrbankyPresident, COO & Head of Asset ManagementMr. Amit Muni CPA (Age 54)Executive VP & CFO Comp: $855.62kMr. Marc-Andre Lewis Ph.D.Executive VP & Chief Investment OfficerMs. Julie Lynn SilcoxExecutive VP & Chief Marketing OfficerMr. Jason Lee Weyeneth C.F.A.Vice President of Investor Relations & StrategyMr. Edward Douglas Kelterborn B.A.L.L.B., Executive VP & Chief Legal OfficerMr. Murray OxbyVice President of CommunicationsMr. Amarjit Kaur AndersonChief Risk OfficerBradley R. HowardCorporate SecretaryMore ExecutivesKey CompetitorsUnited Co.sTSE:UNCSprottTSE:SIIClairvest GroupTSE:CVGSenvest CapitalTSE:SECCanadian General InvestmentsTSE:CGIView All CompetitorsInsidersDavid P. MillerBought 5,000 shares on 8/25/2023Total: C$82,500.00 ($16.50/share)Sarah Mary WardBought 6,000 shares on 7/14/2023Total: C$97,140.00 ($16.19/share)Bryan A HanleyBought 500 shares on 3/14/2023Total: C$8,500.00 ($17.00/share)Bryan A HanleyBought 500 shares on 3/6/2023Total: C$9,500.00 ($19.00/share)Darie UrbankySold 3,982 sharesTotal: C$53,088.82 ($13.33/share)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 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding CI Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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