CI Financial Corp. (NYSE:CIXXF - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 14,129 shares changed hands during mid-day trading, an increase of 150% from the previous session's volume of 5,662 shares.The stock last traded at $21.61 and had previously closed at $21.56.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Keefe, Bruyette & Woods lowered CI Financial from a "moderate buy" rating to a "hold" rating in a research note on Monday, November 25th. TD Securities cut shares of CI Financial from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, November 27th.
Get Our Latest Research Report on CI Financial
CI Financial Stock Up 0.2 %
The stock has a 50-day moving average of $19.88 and a 200-day moving average of $15.23. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of -65.48 and a beta of 1.42. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.53.
CI Financial Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be given a $0.1457 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 2.71%. CI Financial's dividend payout ratio (DPR) is -178.79%.
About CI Financial
(
Get Free Report)
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.
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