CI Financial Corp. (CIXX)
| Market Cap | 2.14B |
| Revenue (ttm) | 2.16B |
| Net Income (ttm) | 335.93M |
| Shares Out | 192.36M |
| EPS (ttm) | 1.64 |
| PE Ratio | 6.80 |
| Forward PE | 4.22 |
| Dividend | $0.67 (6.02%) |
| Ex-Dividend Date | Jun 29, 2022 |
| Volume | 57,773 |
| Open | 11.01 |
| Previous Close | 10.85 |
| Day's Range | 11.01 - 11.22 |
| 52-Week Range | 10.61 - 24.52 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 16.90 (+51.8%) |
| Earnings Date | Aug 9, 2022 |
About CIXX
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. [Read more...]
Financial Performance
In 2021, CI Financial's revenue was 2.73 billion, an increase of 32.84% compared to the previous year's 2.05 billion. Earnings were 409.33 million, a decrease of -14.00%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for CIXX stock is "Buy." The 12-month stock price forecast is 16.9, which is an increase of 51.84% from the latest price.
News
CI Financial Announces Election of Directors and Results of Annual Meeting of Shareholders
TORONTO--(BUSINESS WIRE)---- $CIXX #CIFinancial--CI Financial announces the results of director elections and other matters voted upon at its annual meeting of shareholders held on June 22, 2022.
CI Financial Reports Total Assets of $349.6 Billion for May 2022
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial reports preliminary total assets of $349.6 billion as at May 31, 2022.
CI Global Asset Management Announces Risk Rating Changes for Two Funds
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management announces risk rating changes for CI Conservative Income Personal Portfolio and CI North American Dividend Fund.
CI Financial Renews Normal Course Issuer Bid and Automatic Securities Purchase Plan
TORONTO--(BUSINESS WIRE)---- $CIXX #buybacks--CI Financial Corp. announces that the Toronto Stock Exchange has accepted its Notice of Intention to make a Normal Course Issuer Bid.
CI Global Asset Management Announces June 2022 Distributions for CI ETFs
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management announces regular cash distributions for the CI ETFs for the month or quarter ending June 30, 2022.
CI Global Asset Management Claims Compliance with the Global Investment Performance Standards
TORONTO--(BUSINESS WIRE)---- $CIXX #CFAInstitute--CI Global Asset Management announces that it claims compliance with the Global Investment Performance Standards (“GIPS®”) from CFA Institute.
CI Global Asset Management and HarbourVest Partner to Offer Private Infrastructure Investment Solution
TORONTO--(BUSINESS WIRE)---- $CIXX #cigam--CI Global Asset Management partners with HarbourVest to offer a private infrastructure investment solution to Canadian accredited investors.
CI Financial Wins Digital Transformation Award, Recognized as an Innovation Leader
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial is the winner of a 2022 Digital Transformation Award, which recognizes its success in implementing emerging digital technologies.
CI Global Asset Management Announces Risk Rating Changes for Three ETFs
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management announces risk rating changes for three CI WisdomTree ETFs.
CI Financial Reports Total Assets of $354.6 Billion for April 2022
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial reports preliminary total assets of $354.6 billion as at April 30, 2022.
Sterling Mutuals Allies with CI Financial's Snap Projections to Boost Financial Planning Capabilities
WINDSOR, Ontario--(BUSINESS WIRE)-- #SnapProjections--Sterling Mutuals and Snap Projections, a leader in financial planning software, announce a new relationship.
CI Global Asset Management Advances Technology Toolkit with CapIntel
TORONTO--(BUSINESS WIRE)--CapIntel, a leading financial technology company that improves day-to-day workflow efficiency and fund analysis for financial advisors, today announced a new user agreement wit...
CI Global Asset Management Announces May 2022 Distributions for CI ETFs
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management announces regular cash distributions for the CI ETFs for the month ending May 31, 2022.
CI Financial Reports Financial Results for the First Quarter of 2022
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial releases its financial results for the quarter ended March 31, 2022.
CI Financial Releases Historical Results in New Segmentation Format
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial releases historical data in accordance with its new segment reporting.
CI Private Wealth to Establish Trust Company
MIAMI & TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Private Wealth US, a subsidiary of CI Financial, announces it has applied for a charter to establish and operate a South Dakota trust company.
CI Global Asset Management Announces Reinvested Distributions
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management announces reinvested distributions for CI Energy Giants Covered Call ETF and CI Gold Bullion Fund (ETF Series).
CI Financial Reports Total Assets of $369.8 Billion for March 2022
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial reports total assets of $369.8 billion as at March 31, 2022.
CI Financial Announces First Quarter Earnings Conference Call and Webcast
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial will release its financial results for Q1 2022 on May 12, 2022, and hold a conference call with analysts that day at 9:00 a.m. EDT.
CI Global Asset Management Announces April 2022 Distributions for CI ETFs
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management announces regular cash distributions for the CI ETFs for the month ending April 30, 2022.
CI Global Asset Management Completes 27 Mutual Fund and ETF Mergers
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management has completed the merger of 21 mutual funds and six exchange-traded funds into other investment funds.
CI Financial Announces Intent to Take its U.S. Wealth Business Public
TORONTO & MIAMI--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial announces its intention to sell up to 20% of its U.S. wealth management business via a U.S. initial public offering.
CI Financial to Hold Annual Meeting of Shareholders on June 22, 2022
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial announces it will hold its Annual Meeting of Shareholders on June 22, 2022 at 2 p.m. EDT in a virtual-only format.
CI Global Asset Management Announces Estimated Reinvested Distributions in Connection with Mergers
TORONTO--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Global Asset Management announces estimated reinvested distributions related to the upcoming mergers of certain investment funds on April 8, 2022.
CI Financial to Acquire Former Eaton Vance Investment Counsel Division, Expanding U.S. Wealth Management Strategy
MIAMI & TORONTO & BOSTON--(BUSINESS WIRE)---- $CIXX #CIGAM--CI Financial agrees to acquire certain assets of Eaton Vance WaterOak Advisors, formerly Eaton Vance Investment Counsel of Boston.