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TSE:CIX

CI Financial (CIX) Stock Price, News & Analysis

C$14.72
+0.26 (+1.80%)
(As of 05/21/2024 ET)
Today's Range
C$14.32
C$14.85
50-Day Range
C$14.46
C$17.41
52-Week Range
C$12.50
C$17.73
Volume
821,002 shs
Average Volume
400,397 shs
Market Capitalization
C$2.23 billion
P/E Ratio
42.06
Dividend Yield
5.43%
Price Target
C$19.56

CI Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
32.9% Upside
C$19.56 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.18mentions of CI Financial in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.87 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

CI Coop takes neurodivergent-friendly steps
CI Financial (TSE:CIX) Price Target Cut to C$21.00
CIBC Lowers CI Financial (TSE:CIX) Price Target to C$17.00
CI Financial (TSE:CIX) PT Lowered to C$19.00
CI Financial Price Targets Lowered at TD, RBC
CI Financial (TSE:CIX) Trading Down 5.4%
CI Financial Corp.
TSX Earnings Recap: Week of Feb 20- Feb 23
Stocks in play: CI Financial Corp.
See More Headlines
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Company Calendar

Last Earnings
2/23/2024
Today
5/21/2024
Next Earnings (Estimated)
8/08/2024

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$19.56
High Stock Price Target
C$23.00
Low Stock Price Target
C$17.00
Potential Upside/Downside
+32.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
C$5.02 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.17 billion
Cash Flow
C$1.51 per share
Book Value
C$6.68 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.24 billion
Optionable
Not Optionable
Beta
1.63
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Key Executives

  • Mr. Kurt MacAlpine (Age 41)
    CEO & Director
    Comp: $2.43M
  • Mr. Darie P. Urbanky
    President, COO & Co-Head of CI Global Asset Management
  • Mr. Amit Muni CPA (Age 55)
    Executive VP & CFO
    Comp: $855.62k
  • Dr. Marc-André Lewis Ph.D.
    Executive VP, Chief Investment Officer & Co-Head of CI Global Asset Management
  • 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
  • Ms. Manisha Burman
    Executive VP & Chief Human Resources Officer
  • Mr. Amarjit Kaur Anderson
    Chief Risk Officer

CIX Stock Analysis - Frequently Asked Questions

Should I buy or sell CI Financial stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last year. There are currently 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CIX shares.
View CIX analyst ratings
or view top-rated stocks.

What is CI Financial's stock price target for 2024?

9 analysts have issued 1-year price objectives for CI Financial's stock. Their CIX share price targets range from C$17.00 to C$23.00. On average, they predict the company's stock price to reach C$19.56 in the next year. This suggests a possible upside of 32.9% 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 2024?

CI Financial's stock was trading at C$14.86 at the start of the year. Since then, CIX shares have decreased by 0.9% and is now trading at C$14.72.
View the best growth stocks for 2024 here
.

When is CI Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024.
View our CIX earnings forecast
.

How were CI Financial's earnings last quarter?

CI Financial Corp. (TSE:CIX) released its quarterly earnings data on Friday, February, 23rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The company earned $715.60 million during the quarter, compared to analyst estimates of $656.72 million. CI Financial had a net margin of 0.16% and a trailing twelve-month return on equity of 0.29%.

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 4.78%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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?
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 5/21/2024 by MarketBeat.com Staff

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