CI Financial (NYSE:CIXXF) Sets New 1-Year High at $13.60

CI Financial Corp. (NYSE:CIXXF)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.60 and last traded at $13.60, with a volume of 1300 shares changing hands. The stock had previously closed at $13.54.

CI Financial Stock Up 0.4 %

The business’s fifty day simple moving average is $12.31 and its 200 day simple moving average is $11.78. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -15.39 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.

CI Financial (NYSE:CIXXF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $720.62 million for the quarter. CI Financial had a negative net margin of 1.90% and a positive return on equity of 50.83%. Equities analysts forecast that CI Financial Corp. will post 2.65 earnings per share for the current fiscal year.

CI Financial Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.1471 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, September 27th. CI Financial’s dividend payout ratio (DPR) is presently -67.05%.

CI Financial Company Profile

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.