CI Financial Corp. (CIXX)

NYSE: CIXX · IEX Real-Time Price · USD
11.13
+0.28 (2.58%)
Jun 24, 2022 4:00 PM EDT - Market closed
2.58%
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...]

Industry Asset Management
CEO Peter Anderson
Employees 2,416
Stock Exchange NYSE
Ticker Symbol CIXX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$16.9
(51.84% upside)
Analyst Consensus: Buy
Stock Forecasts

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.