CI Financial (NYSE:CIXXF) Sets New 12-Month High at $13.04

CI Financial Corp. (NYSE:CIXXF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.04 and last traded at $13.04, with a volume of 5528 shares traded. The stock had previously closed at $12.89.

CI Financial Stock Performance

The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -14.65 and a beta of 1.35. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.53. The firm has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $11.75.

CI Financial (NYSE:CIXXF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.66 earnings per share (EPS) for the quarter. CI Financial had a negative net margin of 1.90% and a positive return on equity of 50.83%. The business had revenue of $720.62 million for the quarter. As a group, sell-side analysts expect that CI Financial Corp. will post 2.65 earnings per share for the current year.

CI Financial Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a dividend of $0.1481 per share. This represents a dividend yield of 5.76%. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from CI Financial’s previous dividend of $0.15. CI Financial’s payout ratio is currently -67.05%.

About CI Financial

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.