TSE:CIX CI Financial (CIX) Stock Forecast, Price & News C$13.17 +0.33 (+2.57%) (As of 05/26/2023 ET) Add Compare Share Share Today's RangeC$12.82▼C$13.2350-Day RangeC$12.06▼C$15.4052-Week RangeC$11.85▼C$18.69Volume575,050 shsAverage Volume789,171 shsMarket CapitalizationC$2.43 billionP/E Ratio5.85Dividend Yield5.47%Price TargetC$17.64 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media CI Financial MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside34.0% UpsideC$17.64 Price TargetShort InterestHealthy1.66% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.35Based on 2 Articles This WeekInsider TradingAcquiring SharesC$18,000 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.2.80 out of 5 stars 3.2 Analyst's Opinion Consensus RatingCI Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$17.64, CI Financial has a forecasted upside of 34.0% from its current price of C$13.17.Amount of Analyst CoverageCI Financial has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.66% of the float of CI Financial has been sold short.Short Interest Ratio / Days to CoverCI Financial has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in CI Financial has recently increased by 9.17%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipCI Financial is a leading dividend payer. It pays a dividend yield of 5.76%, 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 32.00%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIX. Previous Next 1.9 News and Social Media Coverage News SentimentCI Financial has a news sentiment score of 0.35. 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 lower news sentiment than the 0.66 average news sentiment score of Finance 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 4 people have searched for CIX on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added CI Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 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$18,000.00 in company stock and sold C$0.00 in company stock.Percentage Held by Insiders11.68% 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 Institutions44.61% of the stock of CI Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of CI Financial is 5.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.63.Price to Earnings Ratio vs. SectorThe P/E ratio of CI Financial is 5.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 153.24.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 1.51. 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 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 Stock News HeadlinesMay 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 22, 2023 | americanbankingnews.comCI Financial (TSE:CIX) Price Target Lowered to C$16.00 at BarclaysMay 28, 2023 | Stocks To Trade (Ad)3 Free Stock Picks per DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 20, 2023 | americanbankingnews.comCI Financial (TSE:CIX) Price Target Increased to C$20.00 by Analysts at Royal Bank of CanadaMay 19, 2023 | finance.yahoo.comCI Financial Corp. Announces Final Pricing of Tender Offers for Three Series of DebenturesMay 19, 2023 | americanbankingnews.comCI Financial (TSE:CIX) Downgraded by CIBCMay 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 28, 2023 | Stocks To Trade (Ad)3 Free Stock Picks per DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 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 declineMay 12, 2023 | theglobeandmail.comCI Financial selling stake in U.S. wealth business to pay down debtMay 11, 2023 | msn.comTSX Declines; CI Sells Stake in US Wealth Management BusinessMay 11, 2023 | baystreet.caCI, Maple Leaf, Boyd at 52-Week Highs on Financial FiguresMay 11, 2023 | theglobeandmail.comCI Financial shares soar after deal to sell stake in U.S. wealth management businessMay 4, 2023 | finanznachrichten.deCompX International Inc. Reports First Quarter 2023 ResultsMay 2, 2023 | theglobeandmail.comClosing Bell: CI Financial Corp down on Tuesday (CIX)May 2, 2023 | finance.yahoo.comCOMPX REPORTS FIRST QUARTER 2023 RESULTSApril 28, 2023 | finance.yahoo.comAudax Private Equity Partners with Management to Recapitalize Congress Wealth ManagementApril 28, 2023 | finance.yahoo.comCI Financial Sells Its Minority Stake in Boston Wealth ManagerApril 22, 2023 | americanbankingnews.comCI Financial (TSE:CIX) Upgraded at TD SecuritiesApril 17, 2023 | theglobeandmail.comClosing Bell: CI Financial Corp up on Monday (CIX)April 14, 2023 | finance.yahoo.comCI Financial to Hold Annual Meeting of Shareholders on June 27, 2023April 3, 2023 | theglobeandmail.comCI Private Wealth Launches Trust Company, Enhancing its Wealth Planning CapabilitiesMarch 31, 2023 | seekingalpha.comBuying American With CompXMarch 30, 2023 | finance.yahoo.comCI Global Asset Management Announces Estimated Reinvested Distributions in Connection with ETF MergersSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Earnings3/01/2023Ex-Dividend for 3/21 Dividend3/10/2023Dividend Payable3/21/2023Today5/28/2023Next Earnings (Estimated)8/10/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Asset Management Sub-IndustryN/A SectorFinance 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$17.64 High Stock Price ForecastC$20.00 Low Stock Price ForecastC$13.50 Forecasted Upside/Downside+34.0%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.25 Trailing P/E Ratio5.85 Forward P/E Ratio3.89 P/E Growth0.62Net IncomeC$299.76 million Net MarginsN/A Pretax MarginN/A Return on Equity18.64% Return on Assets5.84% Debt Debt-to-Equity Ratio270.41 Current Ratio0.56 Quick Ratio0.17 Sales & Book Value Annual SalesC$2.91 billion Price / Sales0.84 Cash FlowC$1.35 per share Price / Cash Flow9.77 Book ValueC$8.72 per share Price / Book1.51Miscellaneous Outstanding Shares184,520,000Free FloatN/AMarket CapC$2.43 billion OptionableNot Optionable Beta1.49 Key ExecutivesMr. Kurt MacAlpine (Age 40)CEO & Director Comp: $5.01MMr. Darie P. UrbankyPres & COOMr. Amit Muni CPA (Age 53)CPA, Exec. VP & CFO Comp: $2.53MMs. Julie Lynn SilcoxExec. VP & Chief Marketing OfficerMr. Marc-Andre LewisExec. VP & Head of Investment Management at CI Global Asset ManagementMr. Jason Lee Weyeneth C.F.A.VP of Investor Relations & StrategyMr. Edward Douglas Kelterborn BALLB, Exec. VP & Chief Legal OfficerMr. Murray OxbyVP of CommunicationsManisha BurmanExec. VP & Chief HR OfficerMr. Amarjit Kaur AndersonChief Risk OfficerMore ExecutivesKey CompetitorsFairfax IndiaTSE:FIH.UClairvest GroupTSE:CVGUnited Co.sTSE:UNCSprottTSE:SIIGuardian Capital GroupTSE:GCG.AView All CompetitorsInsiders & InstitutionsGeode Capital Management LLCBought 5,123 shares on 5/16/2023Ownership: 0.216%BNP Paribas Arbitrage SNCBought 1,440 shares on 5/12/2023Ownership: 0.052%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)Roy RatnavelSold 1,825 sharesTotal: C$24,331.27 ($13.33/share)View All Insider TransactionsView All Institutional Transactions 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 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. 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