CI Financial (NYSE:CIXXF) Sees Strong Trading Volume

CI Financial Corp. (NYSE:CIXXF) shares saw unusually-strong trading volume on Monday . Approximately 36,716 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 15,448 shares.The stock last traded at $12.85 and had previously closed at $12.75.

CI Financial Stock Performance

The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50 day moving average is $12.19 and its 200-day moving average is $11.76. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -14.75 and a beta of 1.35.

CI Financial (NYSE:CIXXF) last issued its earnings results on Thursday, August 8th. The company reported $0.66 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 during the quarter. Analysts forecast that CI Financial Corp. will post 2.65 earnings per share for the current fiscal year.

CI Financial Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were given a dividend of $0.1481 per share. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from CI Financial’s previous dividend of $0.15. This represents a dividend yield of 5.76%. CI Financial’s dividend payout ratio (DPR) is -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.