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$6.91 billion
  • Outstanding Shares: 258,087,000
Average Prices:
  • 50 Day Moving Avg: C$27.06
  • 200 Day Moving Avg: C$26.98
  • 52 Week Range: C$23.52 - C$29.94
P/E:
  • Trailing P/E Ratio: 14.57
  • P/E Growth: 1.09
Sales & Book Value:
  • Annual Revenue: C$2.01 billion
  • Price / Sales: 3.44
  • Book Value: C$6.34 per share
  • Price / Book: 4.22
Dividend:
  • Dividend Yield: 5.1%
Profitability:
  • EBIDTA: C$756.62 million
  • Net Margins: 18.85%
  • Return on Equity: 22.93%
  • Return on Assets: 11.11%
Misc:
  • Average Volume: 456,097 shs.
  • Short Ratio: 6.43
 

Frequently Asked Questions for CI Financial Corp (TSE:CIX)

What is CI Financial Corp's stock symbol?

CI Financial Corp trades on the Tornton 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 Friday, August 11th. Stockholders of record on Thursday, August 31st will be given a dividend of 0.117 per share on Friday, September 15th. This represents a $1.40 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Tuesday, August 29th. 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?

7 analysts have issued 12 month price objectives for CI Financial Corp's shares. Their forecasts range from C$27.00 to C$30.00. On average, they anticipate CI Financial Corp's stock price to reach C$28.67 in the next year. 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$26.78.


MarketBeat Community Rating for CI Financial Corp (TSE CIX)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  205 (Vote Outperform)
Underperform Votes:  228 (Vote Underperform)
Total Votes:  433
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, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.14)
Consensus Price Target: C$28.67

Analysts' Ratings History for CI Financial Corp (TSE:CIX)
Show:
DateFirmActionRatingPrice TargetDetails
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
8/5/2016CIBCLower Price TargetC$32.50 -> C$31.00View Rating Details
2/3/2016National Bank FinancialLower Price TargetC$34.00 -> C$31.00View Rating Details
(Data available from 9/19/2015 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
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
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

Headline Trends for CI Financial Corp (TSE:CIX)
Latest Headlines for CI Financial Corp (TSE:CIX)
Source:
DateHeadline
finance.yahoo.com logoCANADA STOCKS-TSX up as energy stocks rise, gold miners weigh
finance.yahoo.com - September 18 at 3:25 PM
americanbankingnews.com logoCI Financial Corp (CIX) Rating Reiterated by BMO Capital Markets
www.americanbankingnews.com - September 18 at 3:18 PM
fool.ca logoWhat's Up with CI Financial Corp.'s Latest Investment? - The Motley Fool Canada
www.fool.ca - September 15 at 5:39 PM
finance.yahoo.com logoIs CI Financial Corp (TSX:CIX) A Buy At Its Current Price?
finance.yahoo.com - September 14 at 5:56 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bearish Manner : CIX-CA : September 11, 2017
finance.yahoo.com - September 11 at 5:52 PM
americanbankingnews.com logoCI Financial Corp (CIX) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - September 9 at 4:30 PM
finance.yahoo.com logoCI Financial makes a strategic investment in financial technology with the acquisition of BBS Securities
finance.yahoo.com - September 8 at 5:36 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bearish Manner : CIX-CA : August 29, 2017
finance.yahoo.com - August 29 at 5:37 PM
finance.yahoo.com logoCI Financial Corp. : CIX-CA: Dividend Analysis : August 31st, 2017 (record date) : By the numbers : August 29, 2017
finance.yahoo.com - August 29 at 5:37 PM
finance.yahoo.com logoETFs with exposure to CI Financial Corp. : August 28, 2017
finance.yahoo.com - August 28 at 5:08 PM
theglobeandmail.com logoThursday’s Insider Report: Companies insiders are buying and selling
www.theglobeandmail.com - August 24 at 10:28 PM
americanbankingnews.com logoCI Financial Corp (CIX) Declares Monthly Dividend of $0.12
www.americanbankingnews.com - August 24 at 11:47 AM
finance.yahoo.com logoCI Investments announces fund mergers
finance.yahoo.com - August 23 at 5:43 PM
finance.yahoo.com logoSkylon Growth & Income Trust Announces Distribution For Month Ending August 2017
finance.yahoo.com - August 22 at 5:50 PM
finance.yahoo.com logoCI Financial Corp. :CIX-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 18, 2017
finance.yahoo.com - August 18 at 5:16 PM
finance.yahoo.com logoMailing of Notice of Acquisition of Sentry Investments by CI Financial Corp.
finance.yahoo.com - August 18 at 5:16 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bullish Manner : CIX-CA : August 17, 2017
finance.yahoo.com - August 17 at 6:31 PM
marketwatch.com logoDDJ High Yield Fund announces termination and final valuation - MarketWatch
www.marketwatch.com - August 16 at 10:42 PM
finance.yahoo.com logoDDJ High Yield Fund announces termination and final valuation
finance.yahoo.com - August 16 at 5:40 PM
finance.yahoo.com logoCI Financial Corp. : CIX-CA: Dividend Analysis : July 31st, 2017 (record date) : By the numbers : August 16, 2017
finance.yahoo.com - August 16 at 5:40 PM
fool.ca logoInterest Rate Hikes Aren’t a Match for These 3 Growing Dividends
www.fool.ca - August 15 at 5:55 PM
americanbankingnews.com logoCI Financial Corp (CIX) Director Roy Ratnavel Purchases 15,000 Shares
www.americanbankingnews.com - August 15 at 4:36 PM
americanbankingnews.com logoCI Financial Corp (CIX) Director Roy Ratnavel Acquires 10,000 Shares
www.americanbankingnews.com - August 15 at 4:36 PM
americanbankingnews.com logoQ3 2017 EPS Estimates for CI Financial Corp (CIX) Decreased by Analyst
www.americanbankingnews.com - August 14 at 2:04 AM
americanbankingnews.com logoCI Financial Corp (CIX) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - August 13 at 12:32 AM
americanbankingnews.com logoScotiabank Boosts CI Financial Corp (CIX) Price Target to C$30.00
www.americanbankingnews.com - August 11 at 11:33 PM
americanbankingnews.com logoCI Financial Corp (TSE:CIX) PT Raised to C$29.00 at TD Securities
www.americanbankingnews.com - August 11 at 11:32 PM
finance.yahoo.com logoEdited Transcript of CIX.TO earnings conference call or presentation 10-Aug-17 3:00pm GMT
finance.yahoo.com - August 10 at 11:28 PM
finance.yahoo.com logoCI Financial acquires leading independent Canadian investment firm Sentry Investments
finance.yahoo.com - August 10 at 6:26 PM
finance.yahoo.com logoCI Financial reports second quarter results
finance.yahoo.com - August 10 at 6:26 PM
fool.ca logoLargest Transfer of Wealth in History Brings Opportunity and Anxiety for the Wealth Management Industry - The Motley Fool Canada
www.fool.ca - August 9 at 5:24 PM
americanbankingnews.com logoCI Financial Corp (TSE:CIX) Set to Announce Earnings on Thursday
www.americanbankingnews.com - August 3 at 7:10 AM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bearish Manner : CIX-CA : July 28, 2017
finance.yahoo.com - July 28 at 6:52 PM
americanbankingnews.com logoCI Financial Corp (TSE:CIX) Raises Dividend to $0.12 Per Share
www.americanbankingnews.com - July 22 at 12:25 PM
finance.yahoo.com logoSkylon Growth & Income Trust Announces Distribution For Month Ending July 2017
finance.yahoo.com - July 20 at 7:01 PM
americanbankingnews.com logoCI Financial Corp (CIX) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - July 19 at 12:32 AM
finance.yahoo.com logoCI Investments announces new floating rate mandate for income investors
finance.yahoo.com - July 17 at 5:37 PM
streetinsider.com logoCigna Corp. (CI) Acquires Zurich Insurance Middle East
www.streetinsider.com - July 13 at 3:58 AM
fool.ca logo2 Undervalued Income Stocks With Yields Over 5% | The Motley ... - The Motley Fool Canada
www.fool.ca - June 26 at 10:02 PM
fool.ca logoIncome Investors: 4 Low-Volatility Stocks Yielding Over 4%
www.fool.ca - June 24 at 4:34 PM
finance.yahoo.com logoSkylon Growth & Income Trust Announces Distribution For Month Ending June 2017
finance.yahoo.com - June 21 at 5:26 PM
marketwatch.com logoCI Financial renews Normal Course Issuer Bid - MarketWatch
www.marketwatch.com - June 15 at 3:08 AM
finance.yahoo.com logoCI Financial renews Normal Course Issuer Bid
finance.yahoo.com - June 13 at 8:55 PM
finance.yahoo.com logoDDJ High Yield Fund announces termination and final distribution to unitholders
finance.yahoo.com - June 12 at 5:19 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bearish Manner : CIX-CA : June 8, 2017
finance.yahoo.com - June 8 at 8:52 AM
finance.yahoo.com logoFirst Asset ETFs Announce Elimination of PACCs and SWPs
finance.yahoo.com - June 1 at 9:54 PM
finance.yahoo.com logoCI Financial Corp. : CIX-CA: Dividend Analysis : May 31st, 2017 (record date) : By the numbers : May 31, 2017
finance.yahoo.com - May 31 at 4:21 PM
fool.ca logo2 Dividend-Growth Stocks Yielding Over 5% I’d Buy Today
www.fool.ca - May 24 at 9:14 PM
finance.yahoo.com logoVeteran portfolio manager Peter Hofstra to join CI Investments
finance.yahoo.com - May 24 at 4:12 PM
finance.yahoo.com logoCI Financial Corp. breached its 50 day moving average in a Bullish Manner : CIX-CA : May 22, 2017
finance.yahoo.com - May 22 at 12:37 PM

Social

Chart

CI Financial Corp (CIX) Chart for Tuesday, September, 19, 2017

This page was last updated on 9/19/2017 by MarketBeat.com Staff