CI Financial - CIX Stock Forecast, Price & News

3 Wall Street 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 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.

3 brokerages 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 anticipate the company's share price to reach C$19.44 in the next twelve months. This suggests a possible upside of 50.7% from the stock's current price.
View analysts price targets for CIX or view top-rated stocks among Wall Street analysts.

CI Financial's stock was trading at C$13.51 at the beginning of the year. Since then, CIX stock has decreased by 4.5% and is now trading at C$12.90.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our CIX earnings forecast.

CI Financial announced a quarterly dividend on Thursday, December 29th. Stockholders 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 5.58%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for CIX.

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.

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), Wheaton Precious Metals (WPM), Toronto-Dominion Bank (TD), Open Text (OTEX) and Rogers Communications (RCI).

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

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.
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One share of CIX stock can currently be purchased for approximately C$12.90.

CI Financial (TSE:CIX) has a market capitalization of C$2.38 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.

The company employs 2,416 workers across the globe.

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.