TSE:CIX CI Financial (CIX) Stock Price, News & Analysis → [BUY ALERT] Our #1 A.I. Stock for March (From Behind the Markets) (Ad) Free CIX Stock Alerts C$17.32 +0.01 (+0.06%) (As of 03/28/2024 ET) Add Compare Share Share Today's RangeC$17.13▼C$17.4150-Day RangeC$15.59▼C$17.4152-Week RangeC$12.01▼C$18.69Volume350,207 shsAverage Volume380,874 shsMarket CapitalizationC$2.66 billionP/E Ratio49.49Dividend Yield4.62%Price TargetC$19.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesOwnershipStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesOwnership Get CI Financial alerts: Email Address CI Financial MarketRank™ Stock AnalysisAnalyst RatingHold2.44 Rating ScoreUpside/Downside12.6% UpsideC$19.50 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.20Based on 2 Articles This WeekInsider TradingAcquiring SharesC$1,029 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.77 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 2.44, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$19.50, CI Financial has a forecasted upside of 12.6% from its current price of C$17.32.Amount of Analyst CoverageCI Financial has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CIX. Previous Next 1.7 Dividend Strength Dividend LeadershipCI Financial is a leading dividend payer. It pays a dividend yield of 4.68%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCI Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of CI Financial is 228.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CIX. Previous Next 3.4 News and Social Media Coverage News SentimentCI Financial has a news sentiment score of 1.20. 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 0.80 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 2 news articles for CI Financial this week, compared to 1 article on an average week.Search Interest5 people have searched for CIX on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CI Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$1,029.00 in company stock and sold C$0.00 in company stock.Percentage Held by Insiders14.02% 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 InstitutionsOnly 10.06% of the stock of CI Financial is held by institutions. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of CI Financial is 49.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.97.Price to Earnings Ratio vs. SectorThe P/E ratio of CI Financial is 49.49, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 440.05.Price to Earnings Growth RatioCI Financial has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioCI Financial has a P/B Ratio of 2.59. 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 Ad Paradigm PressForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.Click here to find out that this 8,788% cryptocurrency is. About CI Financial Stock (TSE:CIX)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.Read More CIX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CIX Stock News HeadlinesMarch 24, 2024 | americanbankingnews.comCI Financial Corp. (TSE:CIX) Receives Average Rating of "Hold" from BrokeragesMarch 23, 2024 | americanbankingnews.comCI Financial (TSE:CIX) Share Price Passes Above Two Hundred Day Moving Average of $15.37March 29, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.March 19, 2024 | finance.yahoo.comCI Global Asset Management Announces Securityholder Approval of Fund Mergers and Other Changes to Enhance Product LineupMarch 18, 2024 | finance.yahoo.comCI Financial Reports Total Assets of $465.9 Billion for February 2024March 1, 2024 | wsj.comCI Financial Corp.February 23, 2024 | msn.comTSX Earnings Recap: Week of Feb 20- Feb 23February 23, 2024 | ca.finance.yahoo.comStocks in play: CI Financial Corp.March 29, 2024 | Paradigm Press (Ad)Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.February 21, 2024 | finance.yahoo.comCI Global Asset Management Expands Alternative Funds Lineup with Launch of CI Auspice Alternative Diversified Corporate ClassFebruary 20, 2024 | finance.yahoo.comCI Financial Reports Total Assets of $450.8 Billion for January 2024February 18, 2024 | bizjournals.comLeasing Tracker: Wealth management firm leases additional floor in 830 Brickell; TRX opens new headquarters in Delray BeachFebruary 15, 2024 | finance.yahoo.comIs CI Financial (CIXXF) Outperforming Other Finance Stocks This Year?February 14, 2024 | finance.yahoo.comHere Is Why Bargain Hunters Would Love Fast-paced Mover CI Financial Corp. (CIXXF)February 8, 2024 | bizjournals.comWealth management firm leases additional floor in 830 BrickellJanuary 17, 2024 | msn.comCI Financial reports December total assets of C$444.8 billionJanuary 17, 2024 | finance.yahoo.comCI Financial Reports Total Assets of $444.8 Billion for December 2023December 27, 2023 | msn.comCI Financial reports total assets of C$438B for NovemberDecember 27, 2023 | finance.yahoo.comCI Financial Reports Total Assets of $438.0 Billion for November 2023December 23, 2023 | finance.yahoo.comDon't Buy CI Financial Corp. (TSE:CIX) For Its Next Dividend Without Doing These ChecksDecember 21, 2023 | msn.comCI Financial announces COO Darie Urbanky retirementDecember 20, 2023 | theglobeandmail.comClosing Bell: CI Financial Corp down on Wednesday (CIX)December 20, 2023 | finance.yahoo.comCI Financial Corp. Announces Final Results of Substantial Issuer BidDecember 12, 2023 | finance.yahoo.comCI Global Asset Management Announces December 2023 Distributions for CI ETFsDecember 9, 2023 | finance.yahoo.comCanadian Market Caution: 3 Stocks to Consider Selling TodayNovember 29, 2023 | finance.yahoo.comCI Financial Announces Exemptive Relief from the Ontario Securities Commission in Substantial Issuer BidNovember 28, 2023 | finance.yahoo.comCI Financial Reports Total Assets of $420.7 Billion for October 2023See More Headlines 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 Company Calendar Last Earnings2/23/2024Today3/29/2024Next Earnings (Estimated)5/09/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorFinancial Services Industry Asset Management Sub-IndustryN/A Current SymbolTSE:CIX CUSIPN/A CIKN/A Webwww.cifinancial.com Phone+1-416-3641145FaxN/AEmployees2,416Year FoundedN/APrice Target and Rating Average Stock Price TargetC$19.50 High Stock Price TargetC$23.00 Low Stock Price TargetC$17.50 Potential Upside/Downside+12.6%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.35 Trailing P/E Ratio49.49 Forward P/E Ratio4.85 P/E Growth0.96Net IncomeC$5.02 million Net Margins0.16% Pretax MarginN/A Return on Equity0.46% Return on Assets4.57% Debt Debt-to-Equity Ratio366.41 Current Ratio0.33 Quick Ratio0.17 Sales & Book Value Annual SalesC$3.17 billion Price / Sales0.84 Cash FlowC$1.77 per share Price / Cash Flow9.77 Book ValueC$6.68 per share Price / Book2.59Miscellaneous Outstanding Shares153,820,000Free FloatN/AMarket CapC$2.66 billion OptionableNot Optionable Beta1.64 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Kurt MacAlpine (Age 41)CEO & Director Comp: $2.43MMr. Darie P. UrbankyPresident, COO & Co-Head of CI Global Asset ManagementMr. Amit Muni CPA (Age 55)Executive VP & CFO Comp: $855.62kDr. Marc-André Lewis Ph.D.Executive VP, Chief Investment Officer & Co-Head of CI Global Asset ManagementMs. Julie Lynn SilcoxExecutive VP & Chief Marketing OfficerMr. Jason Lee Weyeneth C.F.A.Vice President of Investor Relations & StrategyMr. Edward Douglas Kelterborn B.A.L.L.B., Executive VP & Chief Legal OfficerMr. Murray OxbyVice President of CommunicationsMs. Manisha BurmanExecutive VP & Chief Human Resources OfficerMr. Amarjit Kaur AndersonChief Risk OfficerMore ExecutivesKey CompetitorsUnited Co.sTSE:UNCSprottTSE:SIIClairvest GroupTSE:CVGCanadian General InvestmentsTSE:CGIFiera CapitalTSE:FSZView All CompetitorsInsidersBrigette Elizabeth ChangBought 68 shares on 1/15/2024Total: C$1,029.49 ($15.14/share)David P. MillerBought 5,000 shares on 8/25/2023Total: C$82,500.00 ($16.50/share)Sarah Mary WardBought 6,000 shares on 7/14/2023Total: C$97,140.00 ($16.19/share)View All Insider Transactions CIX Stock Analysis - Frequently Asked Questions Should I buy or sell CI Financial stock right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CI Financial in the last year. There are currently 6 hold ratings, 2 buy ratings and 1 strong 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. What is CI Financial's stock price target for 2024? 9 analysts have issued 12-month target prices for CI Financial's shares. Their CIX share price targets range from C$17.50 to C$23.00. On average, they expect the company's stock price to reach C$19.50 in the next year. This suggests a possible upside of 12.6% 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 2024? CI Financial's stock was trading at C$14.86 on January 1st, 2024. Since then, CIX stock has increased by 16.6% and is now trading at C$17.32. View the best growth stocks for 2024 here. When is CI Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our CIX earnings forecast. How were CI Financial's earnings last quarter? CI Financial Corp. (TSE:CIX) issued its quarterly earnings data on Friday, February, 23rd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The company earned $715.60 million during the quarter, compared to the consensus estimate of $656.72 million. CI Financial had a net margin of 0.16% and a trailing twelve-month return on equity of 0.46%. Is CI Financial a good dividend stock? CI Financial (TSE:CIX) pays an annual dividend of C$0.80 per share and currently has a dividend yield of 4.68%. CIX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 228.57%. Payout ratios above 75% are not desirable because they may not be sustainable. 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). 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. This page (TSE:CIX) was last updated on 3/29/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI healthcare stock poised for 36,996% growth?Behind the MarketsBill Gates is all about this tiny $2 stockTimothy Sykes Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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