TSE:CIX

CI Financial Stock Forecast, Price & News

C$22.75

-0.02 (-0.09 %)

(As of 07/30/2021 12:00 AM ET)

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Today's Range

C$22.63

▼

C$23.02

50-Day Range

C$21.70

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C$23.12

52-Week Range

C$14.91

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C$23.22

Volume492,414 shs

Average Volume975,597 shs

Market CapitalizationC$4.64 billion

P/E Ratio10.07

Dividend Yield3.16%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About CI Financial

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 (TSE:CIX) Stock Price Passes Above 200-Day Moving Average of $0.00
July 31, 2021 | americanbankingnews.com

Royal Bank of Canada Reiterates "C$26.00" Price Target for CI Financial (TSE:CIX)
July 23, 2021 | americanbankingnews.com

CI Financial Corp. (TSE:CIX) Given Consensus Rating of "Buy" by Analysts
July 20, 2021 | americanbankingnews.com

CI Financial (TSE:CIX) Given New C$26.00 Price Target at Scotiabank
July 20, 2021 | americanbankingnews.com

CI Financial (TSE:CIX) PT Raised to C$24.00 at CIBC
July 16, 2021 | americanbankingnews.com

CI Financial (TSE:CIX) PT Raised to C$26.00 at TD Securities
July 15, 2021 | americanbankingnews.com

CI Financial (TSE:CIX) Stock Crosses Above 200 Day Moving Average of $0.00
July 14, 2021 | americanbankingnews.com

CI Financial (TSE:CIX) Share Price Crosses Above 200-Day Moving Average of $0.00
July 6, 2021 | americanbankingnews.com

CI Financial Completes Acquisition of San Diego RIA Dowling & Yahnke
June 30, 2021 | finance.yahoo.com

CI Financial Strikes Again, Buys $2.6 Billion Wealth Manager in Philly
June 28, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Asset Management
Sub-IndustryN/A
SectorFinancial Services
Current SymbolTSE:CIX
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.cifinancial.com
Phone+1-416-3641145
Employees1,793
Year FoundedN/A

Sales & Book Value

Annual SalesC$2.18 billion
Price / Sales2.13
Cash FlowC$1.92 per share
Price / Cash Flow11.83
Book ValueC$7.62 per share
Price / Book2.98

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares203,999,000
Market CapC$4.64 billion
Next Earnings Date8/10/2021 (Confirmed)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

2.69 out of 5 stars

3.4 Analyst's Opinion

Consensus Rating
CI Financial has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$25.50, CI Financial has a forecasted upside of 12.1% from its current price of C$22.75.
Amount of Analyst Coverage
CI Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.3 Community Rank

Outperform Votes
CI Financial has received 430 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CI Financial has received 243 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CI Financial has received 63.89% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CI Financial and other stocks. Vote “Outperform” if you believe CIX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CIX will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
CI Financial pays a meaningful dividend of 3.16%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
CI Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of CI Financial is 31.86%. This payout ratio is at a healthy, sustainable level, below 75%.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CI Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$763,000.00 in company stock and sold C$0.00 in company stock.

2.5 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CI Financial is 10.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of CI Financial is 10.07, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 30.02.
Price to Earnings Growth Ratio
CI Financial has a PEG Ratio of 0.56. 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 2.98. 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

CI Financial (TSE:CIX) Frequently Asked Questions

Is CI Financial a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CI Financial stock.
View analyst ratings for CI Financial or view top-rated stocks.

What stocks does MarketBeat like better than CI Financial?

Wall Street analysts have given CI Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CI Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is CI Financial's next earnings date?

CI Financial is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for CI Financial.

How were CI Financial's earnings last quarter?

CI Financial Corp. (TSE:CIX) issued its quarterly earnings results on Thursday, May, 13th. The company reported $0.73 EPS for the quarter, topping the Zacks' consensus estimate of $0.64 by $0.09. The business earned $640.40 million during the quarter.
View CI Financial's earnings history.

How has CI Financial's stock price been impacted by COVID-19?

CI Financial's stock was trading at C$18.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CIX stock has increased by 20.8% and is now trading at C$22.75.
View which stocks have been most impacted by COVID-19.

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

CI Financial declared a quarterly dividend on Tuesday, June 29th. Investors of record on Thursday, July 15th will be given a dividend of 0.18 per share on Thursday, July 15th. This represents a $0.72 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, June 29th.
View CI Financial's dividend history.

Is CI Financial a good dividend stock?

CI Financial pays an annual dividend of C$0.72 per share and currently has a dividend yield of 3.16%. The dividend payout ratio of CI Financial is 31.86%. This payout ratio is at a healthy, sustainable level, below 75%.
View CI Financial's dividend history.

What price target have analysts set for CIX?

4 equities research analysts have issued twelve-month price objectives for CI Financial's shares. Their forecasts range from C$24.00 to C$26.00. On average, they anticipate CI Financial's share price to reach C$25.50 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
View analysts' price targets for CI Financial or view top-rated stocks among Wall Street analysts.

Who are CI Financial's key executives?

CI Financial's management team includes the following people:

Mr. Kurt MacAlpine, CEO & Director (Age 39, Pay $1.81M)
Mr. Darie P. Urbanky, Pres & COO
Mr. Edward D. Kelterborn BA, LLB, Exec. VP & Chief Legal Officer
Mr. James E. Ross B.A., L.L.B., Exec. VP of CI Private Wealth & Pres of CI Private Counsel
Mr. Amit Muni CPA, CPA, Exec. VP & CFO (Age 52)
Mr. Jason Lee Weyeneth C.F.A., CFA, VP of Investor Relations & Strategy
Mr. Murray Oxby, VP of Communications
Ms. Julie Silcox, Exec. VP & Chief Marketing Officer
Ms. Lorraine P. Blair, Exec. VP & Chief Talent Officer
Mr. Roy Ratnavel, Exec. VP & Head of Distribution for CI Global Asset Management

Who are some of CI Financial's key competitors?

Some companies that are related to CI Financial include 3i Group (III), IGM Financial (IGM), Schroders (SDR), Onex (ONEX), DWS Group GmbH & Co. KGaA (DWS), Hargreaves Lansdown (HL), TMX Group (X), Schroders (SDRC), Intermediate Capital Group (ICP), M&G (MNG), Pershing Square (PSH), Octagonal Plc (OCT.L) (OCT), Norbord (OSB), F&C Investment Trust (FCIT) and RIT Capital Partners (RCP).
View all of CIX's competitors.

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), Wheaton Precious Metals (WPM), The Toronto-Dominion Bank (TD), Open Text (OTEX) and Rogers Communications (RCI).

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 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$22.75.

How much money does CI Financial make?

CI Financial has a market capitalization of C$4.64 billion and generates C$2.18 billion in revenue each year.

How many employees does CI Financial have?

CI Financial employs 1,793 workers across the globe.

What is CI Financial's official website?

The official website for CI Financial is www.cifinancial.com.

Where are CI Financial's headquarters?

CI Financial is headquartered at Twentieth, 2 Queen St E Floor, TORONTO, ON M5C 3G7, Canada.

How can I contact CI Financial?

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

This page was last updated on 7/31/2021 by MarketBeat.com Staff

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