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CI Financial (TSE:CIX)
TSX:CIX
CI Financial (CIX) Stock Price & Analysis
123 Followers
CIX Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$11.75 - C$17.44
Previous CloseC$14.46
Volume337.52K
Average Volume (3M)412.41K
Market Cap
C$2.22B
Enterprise ValueC$5.87B
Total Cash (Recent Filing)C$179.81M
Total Debt (Recent Filing)C$3.81B
Price to Earnings (P/E)-12.1
Beta1.44
Next Earnings
Aug 08, 2024EPS Estimate
C$0.88Next Dividend Ex-Date
Sep 27, 2024Dividend Yield5.34%
Share Statistics
EPS (TTM)-1.20
Shares Outstanding153,821,117
10 Day Avg. Volume537,115
30 Day Avg. Volume412,412
Standard Deviation0.10
R-Squared0.58
Alpha-0.00327
Financial Highlights & Ratios
Price to Book (P/B)-0.34
Price to Sales (P/S)0.86
Price to Cash Flow (P/CF)8.00
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$19.63Price Target Upside35.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
CI Financial News
PremiumCompany Announcements
CI Financial Hits Record Assets and Earnings
PremiumCompany Announcements
CI Financial Declares Quarterly Dividend
PremiumPre-Earnings
Is CIXXF a Buy, Before Earnings?
PremiumCompany Announcements
CI Financial Corp. Assets Surge to $474.2 Billion
PremiumCompany Announcements
CI Financial Prepares Q1 Earnings ReleasePremiumCompany Announcements
CI Financial Schedules Virtual Shareholders MeetingBulls Say, Bears Say
Bulls Say
Business FocusThe company's increasing focus on wealth management is a strategic move that could lead to higher quality earnings and diversified revenue streams.
Financial OutlookThe company's solid cash flow projections for the near future provide flexibility for significant debt reduction or further share repurchases, both of which could positively impact the stock price.
Stock RepurchaseCompany's aggressive share buyback program, including a new substantial issuer bid, signals a strong commitment to enhancing shareholder value by reducing share count.
Bears Say
Financial PerformanceAdjusted EPS missed expectations, largely due to higher interest costs and increased depreciation/amortization.
Ownership DilutionPotential dilution risk exists for shareholders due to liquidation preference on the sale of a stake in the company's U.S. Wealth Management business.
Stock ValuationThe target price for the stock has been reduced from $19 to $17, reflecting market uncertainty and potential lower future valuations.
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Options Prices
Currently, No data available
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Ownership Overview
42.48% Insiders
9.45% Mutual Funds
5.88% Other Institutional Investors
42.19% Public Companies and
Individual Investors
CIX FAQ
What was CI Financial’s price range in the past 12 months?
CI Financial lowest stock price was C$11.75 and its highest was C$17.43 in the past 12 months.
What is CI Financial’s market cap?
Currently, no data Available
When is CI Financial’s upcoming earnings report date?
CI Financial’s upcoming earnings report date is Aug 08, 2024 which is in 81 days.
How were CI Financial’s earnings last quarter?
CI Financial released its earnings results on May 10, 2024. The company reported C$0.86 earnings per share for the quarter, beating the consensus estimate of C$0.858 by C$0.002.
Is CI Financial overvalued?
According to Wall Street analysts CI Financial’s price is currently Undervalued.
Does CI Financial pay dividends?
CI Financial pays a Quarterly dividend of C$0.2 which represents an annual dividend yield of 5.34%. See more information on CI Financial dividends here
What is CI Financial’s EPS estimate?
CI Financial’s EPS estimate is C$0.88.
How many shares outstanding does CI Financial have?
CI Financial has 153,821,120 shares outstanding.
What happened to CI Financial’s price movement after its last earnings report?
CI Financial reported an EPS of C$0.86 in its last earnings report, beating expectations of C$0.858. Following the earnings report the stock price went down -12.119%.
Which hedge fund is a major shareholder of CI Financial?
Currently, no hedge funds are holding shares in TSE:CIX
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CI Financial Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
C$19.63 (35.77% Upside)
C$19.63 (35.77% Upside)
Blogger Sentiment
Bearish
TSE:CIX Sentiment 100%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth $2.1M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.96%
12-Months-Change
Fundamentals
Return on Equity
-14.44%
Trailing 12-Months
Asset Growth
5.97%
Trailing 12-Months
Company Description
CI Financial
CI Financial Corp. engages in the business of management, marketing, distribution, and administration of investment funds. It operates through the Asset Management and Asset Administration segments. The Asset Management segment includes fees earned on the management of mutual, segregated, pooled and closed-end funds, structured products and discretionary accounts. The Asset Administration segment involves commissions and fees earned on the sale of mutual funds and other financial products and ongoing service to clients. It offers services through brokers, independent financial planners, and insurance advisors. The company was founded in 1965 and is headquartered in Toronto, Canada.
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CIX Earnings Call
Q1 2024
0:00 / 0:00
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CIX Stock 12 Month Forecast
Average Price Target
C$19.63
▲(35.77% Upside)
Technical Analysis
Best Analysts Covering CIX
1 Year
1 Year Success Rate
22/53 ratings generated profit
1 Year Average Return
+3.82%
reiterated a buy rating 10 months ago
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