CI Financial (NYSE:CIXXF) Shares Up 0.4%

CI Financial Corp. (NYSE:CIXXF) shares rose 0.4% during trading on Friday . The company traded as high as $12.23 and last traded at $12.22. Approximately 29,738 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 16,342 shares. The stock had previously closed at $12.17.

CI Financial Price Performance

The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 3.23. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -610.69 and a beta of 1.43. The company has a 50 day moving average of $12.38 and a 200 day moving average of $11.43.

CI Financial (NYSE:CIXXF) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $486.16 million. Equities research analysts predict that CI Financial Corp. will post 2.79 EPS for the current fiscal year.

CI Financial Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.1454 dividend. This represents a yield of 4.55%. The ex-dividend date of this dividend was Wednesday, March 27th. CI Financial’s payout ratio is currently -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.