CI Financial (NYSE:CIXXF) Sees Strong Trading Volume

Shares of CI Financial Corp. (NYSE:CIXXF) saw unusually-strong trading volume on Friday . Approximately 35,841 shares were traded during mid-day trading, an increase of 94% from the previous session’s volume of 18,469 shares.The stock last traded at $12.07 and had previously closed at $12.21.

CI Financial Stock Down 1.7 %

The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $1.88 billion, a P/E ratio of -599.90, a P/E/G ratio of 0.55 and a beta of 1.45. The stock has a fifty day moving average price of $12.33 and a two-hundred day moving average price of $11.35.

CI Financial (NYSE:CIXXF) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. CI Financial had a return on equity of 40.15% and a net margin of 0.21%. The business had revenue of $525.68 million during the quarter, compared to analyst estimates of $486.16 million. Research analysts forecast that CI Financial Corp. will post 2.79 EPS for the current year.

CI Financial Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.1454 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a yield of 4.55%. CI Financial’s dividend payout ratio (DPR) is presently -2,948.53%.

CI Financial Company Profile

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.