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TSE:CIX

CI Financial - CIX Stock Forecast, Price & News

C$12.50
-0.15 (-1.19%)
(As of 03/24/2023 02:15 PM ET)
Add
Compare
Today's Range
C$12.37
C$12.57
50-Day Range
C$12.65
C$17.17
52-Week Range
C$11.85
C$20.63
Volume
235,270 shs
Average Volume
585,230 shs
Market Capitalization
C$2.31 billion
P/E Ratio
5.90
Dividend Yield
5.76%
Price Target
C$19.44

CI Financial MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
56.8% Upside
C$19.44 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
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.

2.73 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

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
BitMart To List $CIX, Centurion Invest's Native Token
See More Headlines
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CIX Company Calendar

Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
3/24/2023
Next Earnings (Estimated)
5/11/2023

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$19.44
High Stock Price Forecast
C$23.50
Low Stock Price Forecast
C$17.00
Forecasted Upside/Downside
+53.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
C$299.80 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.91 billion
Cash Flow
C$1.29 per share
Book Value
C$8.66 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.33 billion
Optionable
Not Optionable
Beta
1.47

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 1 year price objectives for CI Financial's shares. Their CIX share price forecasts range from C$17.00 to C$23.50. On average, they predict the company's stock price to reach C$19.44 in the next year. This suggests a possible upside of 53.7% 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 6.4% and is now trading at C$12.65.
View the best growth stocks for 2023 here
.

When is CI Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our CIX earnings forecast
.

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

CI Financial announced a quarterly dividend on Thursday, December 29th. Investors of record on Friday, January 13th will be paid a dividend of 0.18 per share on Friday, January 13th. This represents a $0.72 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend is Thursday, December 29th.
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 5.18%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 33.96%. 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?
What is CI Financial's stock symbol?

CI Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CIX."

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$12.65.

How much money does CI Financial make?

CI Financial (TSE:CIX) has a market capitalization of C$2.33 billion and generates C$2.91 billion in revenue each year. The company earns C$299.80 million in net income (profit) each year or C$2.12 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 3/24/2023 by MarketBeat.com Staff