CI Financial (CIX) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$23.78 to C$24.95
• 50-Day Range: C$17.15 to C$24.52
• 52-Week Range: C$13.59 to C$24.95
• Volume: 422,000 shs
• Average Volume: 422,825 shs
• Market Capitalization: C$3.40 billion
• P/E Ratio: N/A
• Dividend Yield: 3.32%
• Price Target: C$23.63
• Consensus Rating: Moderate Buy

CI Financial Stock Analysis - MarketRank™

CI Financial scored higher than 26% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

CI Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

CI Financial has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of CI Financial is -89.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of CI Financial is -89.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

CI Financial has a PEG Ratio of 0.04. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

CI Financial has a P/B Ratio of 3.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CIX.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

CI Financial is a leading dividend payer. It pays a dividend yield of 4.05%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

CI Financial does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CIX.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.89

News Sentiment

CI Financial has a news sentiment score of 0.89. 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 0.67 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for CI Financial this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for CIX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 1 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.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, CI Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$16,417.00 in company stock.

Percentage Held by Insiders

15.83% 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 Institutions

Only 14.95% of the stock of CI Financial is held by institutions.

CIX Stock Analysis - Frequently Asked Questions

How have CIX shares performed this year?

CI Financial's stock was trading at C$14.86 at the beginning of 2024. Since then, CIX stock has increased by 62.0% and is now trading at C$24.08.
View the best growth stocks for 2024 here.

How were CI Financial's earnings last quarter?

CI Financial Corp. (TSE:CIX) announced its quarterly earnings data on Thursday, August, 10th. The company reported $0.76 EPS for the quarter. The business earned $776.08 million during the quarter. CI Financial had a negative net margin of 1.54% and a negative trailing twelve-month return on equity of 4.48%.

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 other stocks do shareholders of CI Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CI Financial investors own include Constellation Software (CSU), Intact Financial (IFC), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Toronto-Dominion Bank (TD) and NVIDIA (NVDA).

Company Calendar

• Last Earnings: 8/10/2023
• Today: 11/16/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Asset Management
• Sub-Industry: Construction Materials
• Current Symbol: TSE:CIX
• CUSIP: N/A
• CIK: N/A
• Web: www.cifinancial.com
• Phone: +1-416-3641145
• Fax: N/A
• Employees: 610
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$23.63
• High Stock Price Target: C$28.00
• Low Stock Price Target: C$17.00
• Potential Upside/Downside: -1.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 6.00
• P/E Growth: 0.04
• Net Income: C$-53,930,000.00
• Net Margins: -1.54%
• Pretax Margin: N/A
• Return on Equity: -4.48%
• Return on Assets: 4.87%

Debt

• Debt-to-Equity Ratio: 577.47
• Current Ratio: 0.34
• Quick Ratio: 0.17

Sales & Book Value

• Annual Sales: C$3.50 billion
• Price / Sales: 0.97
• Cash Flow: C$2.46 per share
• Price / Cash Flow: 9.77
• Book Value: C$6.44 per share
• Price / Book: 3.74

Miscellaneous

• Outstanding Shares: 141,240,000
• Free Float: N/A
• Market Cap: C$3.40 billion
• Optionable: Not Optionable
• Beta: 1.67