CI Financial Corp Company Profile (TSE:CIX)

About CI Financial Corp (TSE:CIX)

CI Financial Corp logoCI 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/
Capitalization:
  • Market Cap: C$7.31 billion
  • Outstanding Shares: 258,087,000
Average Prices:
  • 50 Day Moving Avg: C$27.53
  • 200 Day Moving Avg: C$27.13
  • 52 Week Range: C$23.52 - C$29.94
P/E:
  • Trailing P/E Ratio: 15.41
  • P/E Growth: 1.13
Sales & Book Value:
  • Annual Revenue: C$2.01 billion
  • Price / Sales: 3.64
  • Book Value: C$6.34 per share
  • Price / Book: 4.47
Dividend:
  • Dividend Yield: 5.1%
Profitability:
  • EBITDA: C$756.62 million
  • Net Margins: 18.85%
  • Return on Equity: 22.93%
  • Return on Assets: 11.11%
Misc:
  • 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?

CI Financial Corp is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for CI Financial Corp.

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?

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?

One share of CI Financial Corp stock can currently be purchased for approximately C$28.32.


MarketBeat Community Rating for CI Financial Corp (TSE CIX)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  218 (Vote Outperform)
Underperform Votes:  237 (Vote Underperform)
Total Votes:  455
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.

Analyst Ratings

Consensus Ratings for CI Financial Corp (TSE:CIX) (How are Consensus Ratings Calculated?)
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)
Price Target History for CI Financial Corp (TSE:CIX)
Analysts' Ratings History for CI Financial Corp (TSE:CIX)
Show:
DateFirmActionRatingPrice TargetDetails
10/3/2017CIBCBoost Price TargetOutperformC$32.00 -> C$34.00View Rating Details
9/18/2017BMO Capital MarketsReiterated RatingMarket PerformC$29.00View Rating Details
8/11/2017ScotiabankBoost Price TargetSector PerformC$28.00 -> C$30.00View Rating Details
8/11/2017TD SecuritiesBoost Price TargetHoldC$28.00 -> C$29.00View Rating Details
5/11/2017Barclays PLCReiterated RatingOverweightC$30.00View Rating Details
2/17/2017DesjardinsLower Price TargetHoldC$28.00 -> C$27.00View Rating Details
1/9/2017Royal Bank Of CanadaDowngradeSector Perform -> UnderperformC$26.00 -> C$27.00View Rating Details
11/4/2016Canaccord GenuityUpgradeHold -> BuyView Rating Details
8/5/2016GMP SecuritiesLower Price TargetBuyC$35.50 -> C$32.00View Rating Details
2/3/2016National Bank FinancialLower Price TargetC$34.00 -> C$31.00View Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for CI Financial Corp (TSE:CIX)
Earnings by Quarter for CI Financial Corp (TSE:CIX)
Earnings History by Quarter for CI Financial Corp (TSE CIX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017        
8/7/2014C$0.47C$0.45C$472.06 millionC$464.74 millionViewN/AView Earnings Details
5/7/2014C$0.43C$0.43C$441.21 millionC$445.56 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CI Financial Corp (TSE:CIX)
2017 EPS Consensus Estimate: $2.30
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.53$0.58$0.56
Q2 20172$0.54$0.60$0.57
Q3 20172$0.54$0.62$0.58
Q4 20172$0.56$0.63$0.60
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for CI Financial Corp (TSE CIX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/30/2017Monthly$0.125.05%10/30/201711/15/201711/15/2017
8/11/2017Monthly$0.128/29/20178/31/20179/15/2017
7/27/2017Monthly$0.125.08%7/27/20178/15/20178/15/2017
4/26/2017Monthly$0.125.15%4/26/20175/15/20175/15/2017
10/27/2016Monthly$0.125.63%10/27/201611/15/201611/15/2016
7/27/2016Monthly$0.125.21%7/27/20168/15/20168/15/2016
4/27/2016Monthly$0.114.67%4/27/20165/13/20165/13/2016
1/27/2016Monthly$0.114.37%1/27/20162/12/20162/12/2016
11/25/2015Monthly$0.114.23%11/25/201512/15/201512/15/2015
10/28/2015Monthly$0.114.2%10/28/201511/13/201511/13/2015
8/6/2015$0.088/27/20158/31/20159/15/2015
5/7/2015$0.097/29/20157/31/20158/14/2015
5/7/2015$0.096/26/20156/30/20157/15/2015
5/7/2015$0.095/27/20155/31/20156/15/2015
2/12/2015$0.084/28/20154/30/20155/15/2015
2/12/2015$0.083/27/20153/31/20154/15/2015
2/12/2015$0.082/25/20152/28/20153/13/2015
1/28/2015Monthly$0.113.88%1/28/20152/13/20152/13/2015
11/6/2014$0.0912/29/201412/31/20141/15/2015
11/6/2014nov 14$0.113.71%11/25/201411/30/201412/15/2014
10/29/2014Monthly$0.103.8%10/29/201411/14/201411/14/2014
8/7/2014$0.098/27/20148/31/20149/15/2014
7/29/2014Monthly$0.103.46%7/29/20148/15/20148/15/2014
5/7/2014$0.096/26/20146/30/20147/15/2014
5/7/2014may 14$0.105/28/20145/31/20146/13/2014
4/28/2014Monthly$0.103.2%4/28/20145/15/20145/15/2014
2/13/2014$0.092/26/20142/28/20143/14/2014
2/26/2014Monthly$0.103.2%2/26/20143/14/20143/14/2014
11/7/2013$0.091/29/20141/31/20142/14/2014
1/29/2014Monthly$0.103.25%1/29/20142/14/20142/14/2014
11/7/2013$0.0912/27/201312/31/20131/15/2014
11/7/2013$0.0911/27/201311/30/201312/13/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CI Financial Corp (TSE:CIX)
Insider Trades by Quarter for CI Financial Corp (TSE:CIX)
Insider Trades by Quarter for CI Financial Corp (TSE:CIX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/17/2017Douglas J.R. JamiesonInsiderBuy1,000C$28.00C$28,000.00
8/15/2017Roy RatnavelDirectorBuy15,000C$26.86C$402,900.00
8/14/2017Roy RatnavelDirectorBuy10,000C$26.76C$267,600.00
3/16/2017Jan SampsonDirectorSell5,000C$27.32C$136,600.00
3/10/2017Barry Huntly GordonDirectorSell50,000C$26.93C$1,346,500.00
2/22/2017A. Winn OughtredDirectorSell50,000C$27.68C$1,384,000.00
1/12/2017Barry Huntly GordonDirectorSell30,000C$28.50C$855,000.00
1/11/2017Barry Huntly GordonDirectorSell20,000C$28.64C$572,800.00
3/24/2016Lawrence H RoweDirectorSell13,281C$29.26C$388,588.78
3/4/2016David P MillerDirectorBuy1,000C$28.80C$28,800.00
2/26/2016William T HollandDirectorSell1,000,000C$30.00C$30,000,000.00
2/23/2016David P MillerDirectorBuy1,000C$29.00C$29,000.00
2/19/2016David P MillerDirectorBuy1,000C$29.00C$29,000.00
1/14/2016Douglas J.R. JamiesonInsiderBuy200C$28.89C$5,778.00
12/23/2015A. Winn OughtredDirectorSell165,300C$30.81C$5,092,231.80
12/22/2015A. Winn OughtredDirectorSell50,000C$30.52C$1,526,140.00
12/21/2015A. Winn OughtredDirectorSell64,000C$30.58C$1,957,126.40
12/18/2015A. Winn OughtredDirectorSell58,500C$30.49C$1,783,390.05
12/17/2015A. Winn OughtredDirectorSell137,600C$30.52C$4,199,249.28
12/7/2015A. Winn OughtredDirectorSell54,900C$31.30C$1,718,364.51
12/4/2015A. Winn OughtredDirectorSell269,700C$31.27C$8,433,788.70
11/18/2015Stephen A MacphailInsiderSell2,555C$31.67C$80,905.10
10/16/2015Stephen A MacphailInsiderSell49,733C$31.61C$1,572,040.24
10/5/2015Thomas Pinaud MuirDirectorBuy20,392C$31.03C$632,763.76
7/7/2015Lorraine P BlairDirectorSell1,500C$33.09C$49,635.45
5/14/2015William T HollandDirectorSell100,000C$35.84C$3,584,010.00
3/25/2015David C PauliInsiderSell4,900C$35.87C$175,763.00
3/13/2015Douglas J.R. JamiesonInsiderSell10,000C$35.02C$350,153.00
2/24/2015Mark D MacleodDirectorSell1,200C$35.37C$42,444.00
12/8/2014David C PauliInsiderSell5,000C$32.93C$164,650.00
11/14/2014Douglas J.R. JamiesonInsiderSell10,000C$34.09C$340,900.00
(Data available from 1/1/2013 forward)

Headlines

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Chart

CI Financial Corp (CIX) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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