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NOTICE: Your retirement is in immediate danger (Ad)
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Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
WARNING: Do You Invest with these Banks (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and GOP rush to complete debt ceiling deal, shore up support to prevent default
NOTICE: Your retirement is in immediate danger (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
NOTICE: Your retirement is in immediate danger (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
WARNING: Do You Invest with these Banks (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and GOP rush to complete debt ceiling deal, shore up support to prevent default
NOTICE: Your retirement is in immediate danger (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
NOTICE: Your retirement is in immediate danger (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
WARNING: Do You Invest with these Banks (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and GOP rush to complete debt ceiling deal, shore up support to prevent default
NOTICE: Your retirement is in immediate danger (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
NOTICE: Your retirement is in immediate danger (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
TSE:CIX

CI Financial (CIX) Stock Forecast, Price & News

C$13.17
+0.33 (+2.57%)
(As of 05/26/2023 ET)
Compare
Today's Range
C$12.82
C$13.23
50-Day Range
C$12.06
C$15.40
52-Week Range
C$11.85
C$18.69
Volume
575,050 shs
Average Volume
789,171 shs
Market Capitalization
C$2.43 billion
P/E Ratio
5.85
Dividend Yield
5.47%
Price Target
C$17.64

CI Financial MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
34.0% Upside
C$17.64 Price Target
Short Interest
Healthy
1.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of CI Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
C$18,000 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.

2.80 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.

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CIX Stock News Headlines

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Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
CI Financial (TSE:CIX) Downgraded by CIBC
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Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
COMPX REPORTS FIRST QUARTER 2023 RESULTS
CI Financial (TSE:CIX) Upgraded at TD Securities
Closing Bell: CI Financial Corp up on Monday (CIX)
Buying American With CompX
See More Headlines
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CIX Company Calendar

Last Earnings
3/01/2023
Ex-Dividend for 3/21 Dividend
3/10/2023
Dividend Payable
3/21/2023
Today
5/28/2023
Next Earnings (Estimated)
8/10/2023

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
2,416
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$17.64
High Stock Price Forecast
C$20.00
Low Stock Price Forecast
C$13.50
Forecasted Upside/Downside
+34.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
C$299.76 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.91 billion
Cash Flow
C$1.35 per share
Book Value
C$8.72 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.43 billion
Optionable
Not Optionable
Beta
1.49

Key Executives

  • Mr. Kurt MacAlpine (Age 40)
    CEO & Director
    Comp: $5.01M
  • Mr. Darie P. Urbanky
    Pres & COO
  • Mr. Amit Muni CPA (Age 53)
    CPA, Exec. VP & CFO
    Comp: $2.53M
  • Ms. Julie Lynn Silcox
    Exec. VP & Chief Marketing Officer
  • Mr. Marc-Andre Lewis
    Exec. VP & Head of Investment Management at CI Global Asset Management
  • Mr. Jason Lee Weyeneth C.F.A.
    VP of Investor Relations & Strategy
  • Mr. Edward Douglas Kelterborn BA
    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?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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?

3 analysts have issued 12 month target prices for CI Financial's shares. Their CIX share price forecasts range from C$13.50 to C$20.00. On average, they expect the company's stock price to reach C$17.64 in the next twelve months. This suggests a possible upside of 34.0% 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 stock has decreased by 2.5% and is now trading at C$13.17.
View the best growth stocks for 2023 here
.

Are investors shorting CI Financial?

CI Financial saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 25,000 shares, an increase of 9.2% from the April 15th total of 22,900 shares. Based on an average trading volume of 7,800 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.7% of the company's shares are sold short.
View CI Financial's Short Interest
.

When is CI Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our CIX earnings forecast
.

How were CI Financial's earnings last quarter?

CI Financial Corp. (TSE:CIX) posted its quarterly earnings data on Wednesday, March, 1st. The company reported $0.39 earnings per share (EPS) for the quarter. The company earned $40 million during the quarter.

How often does CI Financial pay dividends? What is the dividend yield for CI Financial?

CI Financial declared 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 7.59%. The ex-dividend date 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$0.72 per share and currently has a dividend yield of 5.76%. 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 32.00%. This payout ratio is at a healthy, sustainable level, below 75%.
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."

Who are CI Financial's major shareholders?

CI Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Geode Capital Management LLC (0.22%) and BNP Paribas Arbitrage SNC (0.05%). Insiders that own company stock include Amarjit Kaur Anderson, Amy A Samford, Andrew B Nace, Brigette Elizabeth Chang-Addorisio, Bryan A Hanley, Corp Contran, Darie Urbanky, Douglas JR Jamieson, Lorraine P Blair, Mary A Tidlund, Roy Ratnavel, Thomas Pinaud Muir and William Thomas Holland.
View institutional ownership trends
.

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$13.17.

How much money does CI Financial make?

CI Financial (TSE:CIX) has a market capitalization of C$2.43 billion and generates C$2.91 billion in revenue each year. The company earns C$299.76 million in net income (profit) each year or C$2.25 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 5/28/2023 by MarketBeat.com Staff

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