TSE:CIX CI Financial (CIX) Stock Forecast, Price & News C$15.02 +0.41 (+2.81%) (As of 01:21 PM ET) Add Compare Share Share Today's RangeC$14.65▼C$15.1850-Day RangeC$14.61▼C$17.5852-Week RangeC$11.85▼C$18.69Volume193,576 shsAverage Volume710,720 shsMarket CapitalizationC$2.52 billionP/E Ratio29.45Dividend Yield5.33%Price TargetC$18.86 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media CI Financial MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside28.3% UpsideC$18.86 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.78Based on 2 Articles This WeekInsider TradingAcquiring SharesC$179,640 Bought Last QuarterProj. 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.2.72 out of 5 stars 3.1 Analyst's Opinion Consensus RatingCI Financial has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$18.86, CI Financial has a forecasted upside of 28.3% from its current price of C$14.70.Amount of Analyst CoverageCI Financial has only been the subject of 3 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 5.17%, 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 156.86%. 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 3.2 News and Social Media Coverage News SentimentCI Financial has a news sentiment score of 0.78. 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 0.57 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 2 news articles for CI Financial this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for CIX on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat Follows2 people have added CI Financial to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CI Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$179,640.00 in company stock and sold C$0.00 in 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 28.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.43.Price to Earnings Ratio vs. SectorThe P/E ratio of CI Financial is 28.82, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 285.90.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 1.78. 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 (TSE:CIX) StockCI 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIX Stock News HeadlinesOctober 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 YearOctober 4, 2023 | Behind the Markets (Ad)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.September 27, 2023 | finance.yahoo.comCI Financial Reports Total Assets of $431.9 Billion for August 2023September 27, 2023 | americanbankingnews.comCI Financial (TSE:CIX) Share Price Crosses Above Two Hundred Day Moving Average of $14.78August 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)October 4, 2023 | Behind the Markets (Ad)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.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 CorientJuly 4, 2023 | finance.yahoo.comCI Global Asset Management Announces Significant Fee Reductions on Money Market Fund LineupJune 21, 2023 | finance.yahoo.comCI Financial Reports Record Total Assets of $400.9 Billion for May 2023June 16, 2023 | msn.comCI Financial to buy up to 15.2M of its common sharesJune 15, 2023 | theglobeandmail.comU.S. wealth deal lights a spark under CI FinancialJune 15, 2023 | finance.yahoo.comCI Global Asset Management Announces June 2023 Distributions for CI ETFsMay 24, 2023 | finance.yahoo.comCI Financial Corp. Announces Completion of Debt Tender Offers and Pre-IPO Minority Investment in Its U.S. Wealth Management BusinessMay 19, 2023 | finance.yahoo.comCI Financial Corp. Announces Final Pricing of Tender Offers for Three Series of DebenturesMay 18, 2023 | finance.yahoo.comCI Financial Corp. Announces Expiration of Tender Offers for Three Series of DebenturesMay 15, 2023 | 247wallst.comCI Financial Signals Its US Retreat With 20% SaleMay 14, 2023 | msn.comCI Financial Signals Its U.S. Retreat With 20% SaleMay 14, 2023 | theglobeandmail.comCI Financial’s capital infusion comes at high cost for U.S. divisionMay 12, 2023 | msn.comTSX ends lower as commodity-related stocks declineSee 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 CIX Company Calendar Last Earnings8/10/2023Today10/04/2023Next Earnings (Estimated)11/09/2023Get 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 ForecastC$18.86 High Stock Price ForecastC$21.00 Low Stock Price ForecastC$17.00 Forecasted Upside/Downside+29.1%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.51 Trailing P/E Ratio28.65 Forward P/E Ratio4.10 P/E Growth0.62Net IncomeC$86.32 million Net Margins2.85% Pretax MarginN/A Return on Equity5.62% Return on Assets5.53% Debt Debt-to-Equity Ratio236.82 Current Ratio0.39 Quick Ratio0.17 Sales & Book Value Annual SalesC$3.03 billion Price / Sales0.81 Cash FlowC$1.50 per share Price / Cash Flow9.77 Book ValueC$8.25 per share Price / Book1.77Miscellaneous Outstanding Shares167,640,000Free FloatN/AMarket CapC$2.45 billion OptionableNot Optionable Beta1.50 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Kurt MacAlpine (Age 41)CEO & Director Comp: $2.43MMr. Darie P. UrbankyPres, COO & Head of Asset ManagementMr. Amit Muni CPA (Age 54)CPA, Exec. VP & CFO Comp: $855.62kMr. Marc-Andre Lewis Ph.D.Exec. VP & Chief Investment OfficerMs. Julie Lynn SilcoxExec. VP & Chief Marketing OfficerMr. Jason Lee Weyeneth C.F.A.VP of Investor Relations & StrategyMr. Edward Douglas Kelterborn B.A.BA, L.L.B., LLB, Exec. VP & Chief Legal OfficerMr. Murray OxbyVP of CommunicationsManisha BurmanExec. VP & Chief HR OfficerMr. Amarjit Kaur AndersonChief Risk OfficerMore ExecutivesKey CompetitorsUnited Co.sTSE:UNCClairvest GroupTSE:CVGSprottTSE:SIISenvest CapitalTSE:SECOnexTSE:ONEXView 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 - 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 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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