CI Financial (CIX) Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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.

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.

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).

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

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.
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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$13.17.

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.

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.