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 twelve months. 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 Wall Street research 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 share price to reach C$19.50 in the next twelve months. This suggests a possible upside of 19.9% 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 at the beginning of the year. Since then, CIX stock has increased by 9.4% and is now trading at C$16.26. 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) posted its earnings results on Friday, February, 23rd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $715.60 million for the quarter, compared to the consensus estimate of $656.72 million. CI Financial had a trailing twelve-month return on equity of 0.29% and a net margin of 0.16%.

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 4.62%. 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 .

TSE:CIX

CI Financial (CIX) Stock Price, News & Analysis

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Free CIX Stock Alerts

C$16.26

-0.07 (-0.43%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$16.22
▼
C$16.42
50-Day Range: C$15.59
▼
C$17.41
52-Week Range: C$12.01
▼
C$18.69

Volume: 251,054 shs
Average Volume: 384,534 shs
Market Capitalization: C$2.50 billion

P/E Ratio: 46.46
Dividend Yield: 4.92%
Price Target: C$19.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades Ownership

Get CI Financial alerts:

CI Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.44 Rating Score
Upside/Downside: 19.9% Upside
C$19.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.93
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

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.

2.86 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
CI 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.
Amount of Analyst Coverage
CI Financial has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CIX.

1.7

Dividend Strength

Dividend Leadership
CI Financial is a leading dividend payer. It pays a dividend yield of 4.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CI Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of CI Financial is 228.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CIX.

2.7

News and Social Media Coverage

News Sentiment
CI Financial has a news sentiment score of 0.93. 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 0.48 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CI Financial this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for CIX on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CI Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
14.02% 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 Institutions
Only 10.11% of the stock of CI Financial is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CI Financial is 46.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of CI Financial is 46.46, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 446.64.
Price to Earnings Growth Ratio
CI 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 Ratio
CI Financial has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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.

CIX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CIX Stock News Headlines

April 18, 2024 | americanbankingnews.com

CI Financial (TSE:CIX) Stock Crosses Above 200 Day Moving Average of $15.39

April 18, 2024 | americanbankingnews.com

CI Financial Corp. (TSE:CIX) Receives Consensus Recommendation of "Hold" from Analysts

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April 15, 2024 | finance.yahoo.com

CI Global Asset Management Announces April 2024 Distributions for the CI ETFs

April 10, 2024 | americanbankingnews.com

CI Financial (TSE:CIX) Stock Price Crosses Above 200-Day Moving Average of $15.36

March 19, 2024 | finance.yahoo.com

CI Global Asset Management Announces Securityholder Approval of Fund Mergers and Other Changes to Enhance Product Lineup

March 18, 2024 | finance.yahoo.com

CI Financial Reports Total Assets of $465.9 Billion for February 2024

March 1, 2024 | wsj.com

CI Financial Corp.

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February 23, 2024 | msn.com

TSX Earnings Recap: Week of Feb 20- Feb 23

February 23, 2024 | ca.finance.yahoo.com

Stocks in play: CI Financial Corp.

February 21, 2024 | finance.yahoo.com

CI Global Asset Management Expands Alternative Funds Lineup with Launch of CI Auspice Alternative Diversified Corporate Class

February 20, 2024 | finance.yahoo.com

CI Financial Reports Total Assets of $450.8 Billion for January 2024

February 18, 2024 | bizjournals.com

Leasing Tracker: Wealth management firm leases additional floor in 830 Brickell; TRX opens new headquarters in Delray Beach

February 15, 2024 | finance.yahoo.com

Is CI Financial (CIXXF) Outperforming Other Finance Stocks This Year?

February 14, 2024 | finance.yahoo.com

Here Is Why Bargain Hunters Would Love Fast-paced Mover CI Financial Corp. (CIXXF)

February 8, 2024 | bizjournals.com

Wealth management firm leases additional floor in 830 Brickell

January 17, 2024 | msn.com

CI Financial reports December total assets of C$444.8 billion

January 17, 2024 | finance.yahoo.com

CI Financial Reports Total Assets of $444.8 Billion for December 2023

December 27, 2023 | msn.com

CI Financial reports total assets of C$438B for November

December 27, 2023 | finance.yahoo.com

CI Financial Reports Total Assets of $438.0 Billion for November 2023

December 23, 2023 | finance.yahoo.com

Don't Buy CI Financial Corp. (TSE:CIX) For Its Next Dividend Without Doing These Checks

December 21, 2023 | msn.com

CI Financial announces COO Darie Urbanky retirement

December 20, 2023 | theglobeandmail.com

Closing Bell: CI Financial Corp down on Wednesday (CIX)

December 20, 2023 | finance.yahoo.com

CI Financial Corp. Announces Final Results of Substantial Issuer Bid

December 12, 2023 | finance.yahoo.com

CI Global Asset Management Announces December 2023 Distributions for CI ETFs

December 9, 2023 | finance.yahoo.com

Canadian Market Caution: 3 Stocks to Consider Selling Today

See More Headlines

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Company Calendar

Last Earnings: 2/23/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/09/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Asset Management
Sub-Industry: N/A
Current Symbol: TSE:CIX
CUSIP: N/A
CIK: N/A
Web: www.cifinancial.com
Phone: +1-416-3641145
Fax: N/A
Employees: 2,416
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$19.50
High Stock Price Target: C$23.00
Low Stock Price Target: C$17.50
Potential Upside/Downside: +19.9%
Consensus Rating: Hold
Rating Score (0-4): 2.44
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.35
Trailing P/E Ratio: 46.46
Forward P/E Ratio: 4.63
P/E Growth: 0.96
Net Income: C$5.02 million
Net Margins: 0.16%
Pretax Margin: N/A
Return on Equity: 0.29%
Return on Assets: 4.57%

Debt

Debt-to-Equity Ratio: 151.13
Current Ratio: 0.47
Quick Ratio: 0.17

Sales & Book Value

Annual Sales: C$3.17 billion
Price / Sales: 0.79
Cash Flow: C$1.66 per share
Price / Cash Flow: 9.77
Book Value: C$6.68 per share
Price / Book: 2.43

Miscellaneous

Outstanding Shares: 153,820,000
Free Float: N/A
Market Cap: C$2.50 billion
Optionable: Not Optionable
Beta: 1.64

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Key Executives

Mr. Kurt MacAlpine (Age 41)
CEO & Director
Comp: $2.43M
Mr. Darie P. Urbanky
President, COO & Co-Head of CI Global Asset Management
Mr. Amit Muni CPA (Age 55)
Executive VP & CFO
Comp: $855.62k
Dr. Marc-André Lewis Ph.D.
Executive VP, Chief Investment Officer & Co-Head of CI Global Asset Management
Ms. Julie Lynn Silcox
Executive VP & Chief Marketing Officer
Mr. Jason Lee Weyeneth C.F.A.
Vice President of Investor Relations & Strategy
Mr. Edward Douglas Kelterborn B.A.
L.L.B., Executive VP & Chief Legal Officer
Mr. Murray Oxby
Vice President of Communications
Ms. Manisha Burman
Executive VP & Chief Human Resources Officer
Mr. Amarjit Kaur Anderson
Chief Risk Officer

Key Competitors

View All Competitors

Insiders

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 twelve months. 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 Wall Street research 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 share price to reach C$19.50 in the next twelve months. This suggests a possible upside of 19.9% 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 at the beginning of the year. Since then, CIX stock has increased by 9.4% and is now trading at C$16.26.
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) posted its earnings results on Friday, February, 23rd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $715.60 million for the quarter, compared to the consensus estimate of $656.72 million. CI Financial had a trailing twelve-month return on equity of 0.29% and a net margin of 0.16%.
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 4.62%. 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 4/19/2024 by MarketBeat.com Staff

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CI Financial (CIX) Stock Price, News & Analysis

CI Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About CI Financial Stock (TSE:CIX)

CIX Stock Price History

CIX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CIX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™