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CI Financial (TSE:CIX)
TSX:CIX
Holding TSE:CIX?
Track your performance easily
CIX Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$12.51 - C$17.74
Previous CloseC$17.4
Volume194.24K
Average Volume (3M)455.13K
Market Cap
C$2.54B
Enterprise ValueC$6.37B
Total Cash (Recent Filing)C$170.58M
Total Debt (Recent Filing)C$3.99B
Price to Earnings (P/E)―
Beta1.41
Next Earnings
Nov 07, 2024EPS Estimate
C$0.88Next Dividend Ex-Date
Dec 31, 2024Dividend Yield4.51%
Share Statistics
EPS (TTM)-0.30
Shares Outstanding149,075,523
10 Day Avg. Volume334,227
30 Day Avg. Volume455,129
Standard Deviation0.10
R-Squared0.58
Alpha-0.00407
Financial Highlights & Ratios
Price to Book (P/B)2.70
Price to Sales (P/S)0.78
Price to Cash Flow (P/CF)3.70
P/FCF Ratio3.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$19.61Price Target Upside12.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
CI Financial News
PremiumCompany Announcements
CI Financial Announces Market-Shifting Strategic Plans
PremiumCompany Announcements
CI Financial Launches Major Share Buyback Plan
PremiumCompany Announcements
CI Financial Assets Exceed $500 Billion Milestone
PremiumCompany Announcements
CI Financial Celebrates Record Earnings and Asset Growth
PremiumCompany Announcements
CI Financial Declares Quarterly Dividend
PremiumCompany Announcements
CI Financial Assets Surge to $489.1 Billion
PremiumCompany Announcements
CI Financial to Unveil Q2 2024 Financial ResultsBulls 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
45.05% Insiders
10.33% Mutual Funds
6.11% Other Institutional Investors
38.50% 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$12.51 and its highest was C$17.74 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 Nov 07, 2024 which is in 53 days.
How were CI Financial’s earnings last quarter?
CI Financial released its earnings results on Aug 08, 2024. The company reported C$0.91 earnings per share for the quarter, beating the consensus estimate of C$0.855 by C$0.055.
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 4.51%. 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 146,116,680 shares outstanding.
What happened to CI Financial’s price movement after its last earnings report?
CI Financial reported an EPS of C$0.91 in its last earnings report, beating expectations of C$0.855. Following the earnings report the stock price went up 0.313%.
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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$19.61 (12.68% Upside)
C$19.61 (12.68% Upside)
Blogger Sentiment
Bearish
TSE:CIX Sentiment 100%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth $5.0M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.43%
12-Months-Change
Fundamentals
Return on Equity
-4.75%
Trailing 12-Months
Asset Growth
4.32%
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 Company Deck
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CIX Earnings Call
Q2 2024
0:00 / 0:00
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CIX Stock 12 Month Forecast
Average Price Target
C$19.61
▲(12.68% Upside)
Technical Analysis
Best Analysts Covering CIX
1 Year
1 Year Success Rate
12/12 ratings generated profit
1 Year Average Return
+34.20%
reiterated a buy rating 2 months ago
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