About CI Financial Corp (TSE:CIX)
CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration. The Company's Asset Management segment provides the majority of CI's income and derives its revenue principally from the fees earned on the management of various families of mutual, segregated, pooled, exchange-traded and closed-end funds, structured products and discretionary accounts. CI's Asset Administration segment derives its revenue principally from commissions and fees earned on the sale of mutual funds and other financial products and ongoing service to clients. The Company's products are distributed primarily through brokers, independent financial planners and insurance advisors, among others.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Independent Oil & Gas
- Sub-Industry: N/A
- Symbol: TSE:CIX
- CUSIP: N/A
- Web: www.cifinancial.com/
- Market Cap: C$7.31 billion
- Outstanding Shares: 258,087,000
- 50 Day Moving Avg: C$27.53
- 200 Day Moving Avg: C$27.13
- 52 Week Range: C$23.52 - C$29.94
Sales & Book Value:
- Trailing P/E Ratio: 15.41
- P/E Growth: 1.13
- Annual Revenue: C$2.01 billion
- Price / Sales: 3.64
- Book Value: C$6.34 per share
- Price / Book: 4.47
- EBITDA: C$756.62 million
- Net Margins: 18.85%
- Return on Equity: 22.93%
- Return on Assets: 11.11%
- Average Volume: 423,436 shs.
- Short Ratio: 5.82
Frequently Asked Questions for CI Financial Corp (TSE:CIX)
What is CI Financial Corp's stock symbol?
CI Financial Corp trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CIX."
How often does CI Financial Corp pay dividends? What is the dividend yield for CI Financial Corp?
CI Financial Corp declared a monthly dividend on Monday, October 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.1175 per share on Wednesday, November 15th. This represents a $1.41 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, October 30th. This is a boost from CI Financial Corp's previous monthly dividend of $0.12. View CI Financial Corp's Dividend History.
When will CI Financial Corp make its next earnings announcement?
Where is CI Financial Corp's stock going? Where will CI Financial Corp's stock price be in 2017?
8 brokerages have issued 12 month target prices for CI Financial Corp's shares. Their predictions range from C$27.00 to C$34.00. On average, they anticipate CI Financial Corp's stock price to reach C$29.43 in the next twelve months. View Analyst Ratings for CI Financial Corp.
Who are some of CI Financial Corp's key competitors?
Some companies that are related to CI Financial Corp include Encana Corp (ECA), Seven Generations Energy Ltd (VII), Tourmaline Oil Corp (TOU), Vermilion Energy (VET), Linamar (LNR), Crescent Point Energy Corp (CPG), Enbridgeome Fund Holdings (ENF), Crescent Point Energy Corporation (CPG), Whitecap Resources (WCP), Peyto Exploration & Development Corp (PEY), Paramount Resources (POU), Freehold Royalties Ltd (FRU), Raging River Exploration (RRX), Raging River Exploration (RRX), MEG Energy Corp (MEG), Ultra Petroleum Corp (UPL), Advantage Oil & Gas (AAV) and Nuvista Energy Ltd (NVA).
Who are CI Financial Corp's key executives?
CI Financial Corp's management team includes the folowing people:
- William T. Holland, Executive Chairman of the Board
- Sheila A. Murray, President, General Counsel
- Peter W. Anderson, Chief Executive Officer, Director
- Douglas J. Jamieson, Chief Financial Officer, Executive Vice President, IR Contact Officer
- Steven J. Donald, Executive Vice President and President, Assante Wealth Management (Canada) Ltd
- Neal A. Kerr, Executive Vice President - Investment Management, CI Investments Inc.
- David C. Pauli, Executive Vice President
- Paul W. Derksen, Lead Independent Director
- Sonia A. Baxendale, Independent Director
- David P. Miller, Independent Director
How do I buy CI Financial Corp stock?
Shares of CI Financial Corp and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is CI Financial Corp's stock price today?
MarketBeat Community Rating for CI Financial Corp (TSE CIX)MarketBeat's community ratings are surveys of what our community members think about CI Financial Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of CI Financial Corp stock can currently be purchased for approximately C$28.32.
Consensus Ratings for CI Financial Corp (TSE:CIX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||C$29.43|Consensus Price Target History for CI Financial Corp (TSE:CIX)
Analysts' Ratings History for CI Financial Corp (TSE:CIX)
(Data available from 10/22/2015 forward)
|10/3/2017||CIBC||Boost Price Target||Outperform||C$32.00 -> C$34.00|
|9/18/2017||BMO Capital Markets||Reiterated Rating||Market Perform||C$29.00|
|8/11/2017||Scotiabank||Boost Price Target||Sector Perform||C$28.00 -> C$30.00|
|8/11/2017||TD Securities||Boost Price Target||Hold||C$28.00 -> C$29.00|
|5/11/2017||Barclays PLC||Reiterated Rating||Overweight||C$30.00|
|2/17/2017||Desjardins||Lower Price Target||Hold||C$28.00 -> C$27.00|
|1/9/2017||Royal Bank Of Canada||Downgrade||Sector Perform -> Underperform||C$26.00 -> C$27.00|
|11/4/2016||Canaccord Genuity||Upgrade||Hold -> Buy|
|8/5/2016||GMP Securities||Lower Price Target||Buy||C$35.50 -> C$32.00|
|2/3/2016||National Bank Financial||Lower Price Target||C$34.00 -> C$31.00|
Earnings History for CI Financial Corp (TSE:CIX)Earnings History by Quarter for CI Financial Corp (TSE CIX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017|| || || || || || || || |
|8/7/2014||C$0.47||C$0.45||C$472.06 million||C$464.74 million||View||N/A|
|5/7/2014||C$0.43||C$0.43||C$441.21 million||C$445.56 million||View||N/A|
Earnings Estimates for CI Financial Corp (TSE:CIX)
2017 EPS Consensus Estimate: $2.30
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for CI Financial Corp (TSE CIX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CI Financial Corp (TSE:CIX)Insider Trades by Quarter for CI Financial Corp (TSE:CIX)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/17/2017||Douglas J.R. Jamieson||Insider||Buy||1,000||C$28.00||C$28,000.00|
|3/10/2017||Barry Huntly Gordon||Director||Sell||50,000||C$26.93||C$1,346,500.00|
|2/22/2017||A. Winn Oughtred||Director||Sell||50,000||C$27.68||C$1,384,000.00|
|1/12/2017||Barry Huntly Gordon||Director||Sell||30,000||C$28.50||C$855,000.00|
|1/11/2017||Barry Huntly Gordon||Director||Sell||20,000||C$28.64||C$572,800.00|
|3/24/2016||Lawrence H Rowe||Director||Sell||13,281||C$29.26||C$388,588.78|
|3/4/2016||David P Miller||Director||Buy||1,000||C$28.80||C$28,800.00|
|2/26/2016||William T Holland||Director||Sell||1,000,000||C$30.00||C$30,000,000.00|
|2/23/2016||David P Miller||Director||Buy||1,000||C$29.00||C$29,000.00|
|2/19/2016||David P Miller||Director||Buy||1,000||C$29.00||C$29,000.00|
|1/14/2016||Douglas J.R. Jamieson||Insider||Buy||200||C$28.89||C$5,778.00|
|12/23/2015||A. Winn Oughtred||Director||Sell||165,300||C$30.81||C$5,092,231.80|
|12/22/2015||A. Winn Oughtred||Director||Sell||50,000||C$30.52||C$1,526,140.00|
|12/21/2015||A. Winn Oughtred||Director||Sell||64,000||C$30.58||C$1,957,126.40|
|12/18/2015||A. Winn Oughtred||Director||Sell||58,500||C$30.49||C$1,783,390.05|
|12/17/2015||A. Winn Oughtred||Director||Sell||137,600||C$30.52||C$4,199,249.28|
|12/7/2015||A. Winn Oughtred||Director||Sell||54,900||C$31.30||C$1,718,364.51|
|12/4/2015||A. Winn Oughtred||Director||Sell||269,700||C$31.27||C$8,433,788.70|
|11/18/2015||Stephen A Macphail||Insider||Sell||2,555||C$31.67||C$80,905.10|
|10/16/2015||Stephen A Macphail||Insider||Sell||49,733||C$31.61||C$1,572,040.24|
|10/5/2015||Thomas Pinaud Muir||Director||Buy||20,392||C$31.03||C$632,763.76|
|7/7/2015||Lorraine P Blair||Director||Sell||1,500||C$33.09||C$49,635.45|
|5/14/2015||William T Holland||Director||Sell||100,000||C$35.84||C$3,584,010.00|
|3/25/2015||David C Pauli||Insider||Sell||4,900||C$35.87||C$175,763.00|
|3/13/2015||Douglas J.R. Jamieson||Insider||Sell||10,000||C$35.02||C$350,153.00|
|2/24/2015||Mark D Macleod||Director||Sell||1,200||C$35.37||C$42,444.00|
|12/8/2014||David C Pauli||Insider||Sell||5,000||C$32.93||C$164,650.00|
|11/14/2014||Douglas J.R. Jamieson||Insider||Sell||10,000||C$34.09||C$340,900.00|
Headline Trends for CI Financial Corp (TSE:CIX)
Latest Headlines for CI Financial Corp (TSE:CIX)
Loading headlines, please wait.
CI Financial Corp (CIX) Chart for Sunday, October, 22, 2017