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CI Financial Stock Price, News & Analysis (TSE:CIX)

C$14.52
+0.02 (+0.14%)
(As of 10:39 AM ET)
Compare
Today's Range
C$14.46
C$14.64
50-Day Range
C$12.57
C$15.86
52-Week Range
C$12.01
C$18.69
Volume
66,589 shs
Average Volume
661,224 shs
Market Capitalization
C$2.36 billion
P/E Ratio
41.49
Dividend Yield
5.51%
Price Target
C$17.86

CI Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
22.3% 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.

1.79 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

Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
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
12/07/2023
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
+23.2%
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$2.36 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 Wall Street analysts have issued twelve-month target prices 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 year. This suggests a possible upside of 22.3% 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 start of the year. Since then, CIX stock has increased by 8.1% and is now trading at C$14.60.
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) announced its quarterly earnings results on Thursday, November, 9th. The company reported $0.81 earnings per share (EPS) for the quarter. The business had revenue of $616.53 million for the quarter. CI Financial had a net margin of 1.89% and a trailing twelve-month return on equity of 4.14%.

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. Investors of record on Monday, March 13th will be given a dividend of 0.25 per share on Tuesday, March 21st. This represents a $1.00 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend 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 12/8/2023 by MarketBeat.com Staff

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