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AMD   102.39 (+2.31%)
T   14.60 (-1.22%)
F   11.94 (-1.08%)
MU   67.94 (+0.16%)
CGC   0.75 (+9.47%)
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TSE:CIX

CI Financial (CIX) Stock Forecast, Price & News

C$15.02
+0.41 (+2.81%)
(As of 01:21 PM ET)
Compare
Today's Range
C$14.65
C$15.18
50-Day Range
C$14.61
C$17.58
52-Week Range
C$11.85
C$18.69
Volume
193,576 shs
Average Volume
710,720 shs
Market Capitalization
C$2.52 billion
P/E Ratio
29.45
Dividend Yield
5.33%
Price Target
C$18.86

CI Financial MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
28.3% Upside
C$18.86 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of CI Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
C$179,640 Bought Last Quarter
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.

2.72 out of 5 stars


CIX stock logo

About CI Financial (TSE:CIX) Stock

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 Price History

CIX Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Closing Bell: CI Financial Corp down on Friday (CIX)
Closing Bell: CI Financial Corp flat on Wednesday (CIX)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
CI Financial’s Profits Slip but Its Stock Rises
CI Financial Rebrands U.S. Wealth Unit as Corient
U.S. wealth deal lights a spark under CI Financial
See More Headlines
Receive CIX Stock News and Ratings via Email

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CIX Company Calendar

Last Earnings
8/10/2023
Today
10/04/2023
Next Earnings (Estimated)
11/09/2023

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 Forecast
C$18.86
High Stock Price Forecast
C$21.00
Low Stock Price Forecast
C$17.00
Forecasted Upside/Downside
+29.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
C$86.32 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.03 billion
Cash Flow
C$1.50 per share
Book Value
C$8.25 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.45 billion
Optionable
Not Optionable
Beta
1.50
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Key Executives

  • Mr. Kurt MacAlpine (Age 41)
    CEO & Director
    Comp: $2.43M
  • Mr. Darie P. Urbanky
    Pres, COO & Head of Asset Management
  • Mr. Amit Muni CPA (Age 54)
    CPA, Exec. VP & CFO
    Comp: $855.62k
  • Mr. Marc-Andre Lewis Ph.D.
    Exec. VP & Chief Investment Officer
  • Ms. Julie Lynn Silcox
    Exec. VP & Chief Marketing Officer
  • Mr. Jason Lee Weyeneth C.F.A.
    VP of Investor Relations & Strategy
  • Mr. Edward Douglas Kelterborn B.A.
    BA, L.L.B., LLB, Exec. VP & Chief Legal Officer
  • Mr. Murray Oxby
    VP of Communications
  • Manisha Burman
    Exec. VP & Chief HR Officer
  • Mr. Amarjit Kaur Anderson
    Chief Risk Officer













CIX Stock - Frequently Asked Questions

Should I buy or sell CI Financial stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023?

4 Wall Street research analysts have issued twelve-month price targets for CI Financial's stock. Their CIX share price forecasts range from C$17.00 to C$21.00. On average, they anticipate the company's share price to reach C$18.86 in the next twelve months. This suggests a possible upside of 29.1% 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 shares have increased by 8.1% and is now trading at C$14.61.
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 Thursday, November 9th 2023.
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, August, 10th. The company reported $0.76 earnings per share for the quarter. The business earned $776.08 million during the quarter. CI Financial had a trailing twelve-month return on equity of 5.62% and a net margin of 2.85%. During the same quarter in the prior year, the company posted $0.78 earnings per share.

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. Shareholders 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 yield of 6.84%. 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 5.17%. 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 156.86%. 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).

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 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.

What is CI Financial's stock price today?

One share of CIX stock can currently be purchased for approximately C$14.61.

How much money does CI Financial make?

CI Financial (TSE:CIX) has a market capitalization of C$2.45 billion and generates C$3.03 billion in revenue each year. The company earns C$86.32 million in net income (profit) each year or C$0.51 on an earnings per share basis.

How many employees does CI Financial have?

The company employs 2,416 workers across the globe.

How can I contact CI Financial?

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

This page (TSE:CIX) was last updated on 10/4/2023 by MarketBeat.com Staff

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