TSE:CIX CI Financial - CIX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. C$12.52 +0.04 (+0.32%) (As of 03/29/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$12.42▼C$12.6450-Day RangeC$12.48▼C$17.1752-Week RangeC$11.85▼C$20.63Volume738,320 shsAverage Volume589,314 shsMarket CapitalizationC$2.31 billionP/E Ratio5.64Dividend Yield5.75%Price TargetC$19.44 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media CI Financial MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside55.3% UpsideC$19.44 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.75Based on 2 Articles This WeekInsider TradingN/AProj. 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.2.73 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$19.44, CI Financial has a forecasted upside of 55.3% from its current price of C$12.52.Amount of Analyst CoverageCI Financial has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CIX. Previous Next 2.5 Dividend Strength Dividend LeadershipCI Financial is a leading dividend payer. It pays a dividend yield of 5.69%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCI Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of CI Financial is 32.43%. 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 3.2 News and Social Media Coverage News SentimentCI Financial has a news sentiment score of 1.75. 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 higher news sentiment than the 0.58 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 18 people have searched for CIX on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.MarketBeat FollowsOnly 4 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 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CI Financial insiders have not sold or bought any 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 Institutions46.29% 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 5.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.16.Price to Earnings Ratio vs. SectorThe P/E ratio of CI Financial is 5.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 141.67.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 1.44. 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 HeadlinesMarch 29, 2023 | finance.yahoo.comCenturion Invest Expansion Plans Boosted by Gem Digital's $25 Million Investment CommitmentMarch 23, 2023 | finance.yahoo.comCI Global Asset Management Announces Securityholder Approval of Mutual Fund MergerMarch 29, 2023 | The Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 16, 2023 | finance.yahoo.comCI Global Asset Management Announces March 2023 Distributions for CI ETFsMarch 8, 2023 | benzinga.comCenturion Invest Expansion Plans Boosted By Gem Digital's $25 Million Investment Commitment through CIX Token Subscription AgreementMarch 1, 2023 | finance.yahoo.comJFT Strategies Fund Launches At-The-Market Equity ProgramFebruary 25, 2023 | msn.comCI Financial Corp. Non-GAAP EPS of C$0.74, revenue of C$620.3MFebruary 24, 2023 | finance.yahoo.comCI Financial Reports Financial Results for the Fourth Quarter of 2022March 29, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.February 15, 2023 | msn.com3 Undervalued TSX Stocks to Buy in February 2023February 15, 2023 | msn.com3 Undervalued TSX Stocks to Buy in February 2023February 8, 2023 | finance.yahoo.comCI Global Asset Management Builds on its Leadership in Alternative Investments with New Multi-Manager Private Markets SolutionJanuary 31, 2023 | finance.yahoo.comCI Direct Investing Boosts Commitment to Straightforward Saving and Investing with Educational CollaborationJanuary 27, 2023 | theglobeandmail.comCI Financial’s grand plans for U.S. expansion leave Canada behindJanuary 24, 2023 | finance.yahoo.comCI Global Asset Management Launches Minimum Downside Volatility ETFsJanuary 17, 2023 | finance.yahoo.comCI Financial Reports Total Assets of $375.8 Billion for December 2022December 29, 2022 | theglobeandmail.comThursday’s Insider Report: Chairman invests over $1-million in this financial stock yielding over 5%December 23, 2022 | baystreet.caCI Financial Prepares IPO Of Its Wealth-Management UnitDecember 22, 2022 | theglobeandmail.comCanadian wealth manager CI Financial’s U.S. unit confidentially files for IPODecember 22, 2022 | ca.finance.yahoo.comCanadian wealth manager CI Financial's U.S. unit confidentially files for IPODecember 22, 2022 | nz.finance.yahoo.comCI Financial Reports Record Total Assets of $384.9 Billion for November 2022December 16, 2022 | finance.yahoo.comInvestors in CI Financial (TSE:CIX) have unfortunately lost 43% over the last five yearsDecember 13, 2022 | finance.yahoo.comBitMart To List $CIX, Centurion Invest's Native TokenNovember 30, 2022 | finance.yahoo.comCI Financial Announces Debenture Financing to Refinance Existing IndebtednessNovember 17, 2022 | finance.yahoo.comSchulich School of Business Enters Into Experiential Education Partnership with CI FinancialNovember 15, 2022 | finance.yahoo.comCI Global Asset Management Announces November 2022 Distributions for CI ETFsNovember 14, 2022 | finance.yahoo.comCI Financial Reports Total Assets of $364.3 Billion for October 2022See 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 Ex-Dividend for 1/13 Dividend12/29/2022Dividend Payable1/13/2023Today3/29/2023Next Earnings (Estimated)5/11/2023Get 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$19.44 High Stock Price ForecastC$23.50 Low Stock Price ForecastC$17.00 Forecasted Upside/Downside+56.1%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.22 Trailing P/E Ratio5.61 Forward P/E Ratio3.89 P/E Growth0.62Net IncomeC$299.76 million Net Margins10.31% 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 / Sales0.79 Cash FlowC$1.27 per share Price / Cash Flow9.77 Book ValueC$8.72 per share Price / Book1.43Miscellaneous Outstanding Shares184,520,000Free FloatN/AMarket CapC$2.30 billion OptionableNot Optionable Beta1.47 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.USprottTSE:SIIClairvest GroupTSE:CVGUnited Co.sTSE:UNCGuardian Capital GroupTSE:GCG.AView All CompetitorsInsidersRoy RatnavelSold 1,825 sharesTotal: C$24,331.27 ($13.33/share)Darie UrbankySold 3,982 sharesTotal: C$53,088.82 ($13.33/share)Amarjit Kaur AndersonBought 8 shares on 4/14/2022Total: C$149.36 ($18.67/share)Brigette Elizabeth Chang-AddorisioBought 338 shares on 4/14/2022Total: C$6,272.98 ($18.56/share)View All Insider Transactions CIX Stock - Frequently Asked Questions Should I buy or sell CI Financial stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last twelve months. 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. What is CI Financial's stock price forecast for 2023? 3 Wall Street research analysts have issued 12-month 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 stock price to reach C$19.44 in the next year. This suggests a possible upside of 56.1% 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 on January 1st, 2023. Since then, CIX shares have decreased by 7.8% and is now trading at C$12.45. 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 declared a quarterly dividend on Thursday, December 29th. Shareholders 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 dividend yield of 5.78%. 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 5.69%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.43%. 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), Wheaton Precious Metals (WPM), 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." 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$12.45. How much money does CI Financial make? CI Financial (TSE:CIX) has a market capitalization of C$2.30 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$2.22 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 3/29/2023 by MarketBeat.com Staff 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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