CI Financial (NYSE:CIXXF) Sees Large Volume Increase

CI Financial Corp. (NYSE:CIXXF) shares saw an uptick in trading volume on Tuesday . 51,668 shares traded hands during trading, an increase of 240% from the previous session’s volume of 15,186 shares.The stock last traded at $13.50 and had previously closed at $13.56.

CI Financial Trading Up 0.5 %

The company has a debt-to-equity ratio of 3.53, a current ratio of 0.34 and a quick ratio of 0.34. The business’s fifty day simple moving average is $12.49 and its 200 day simple moving average is $11.82. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -15.41 and a beta of 1.35.

CI Financial (NYSE:CIXXF) last issued its earnings results on Thursday, August 8th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts predict that CI Financial Corp. will post 2.65 EPS for the current year.

CI Financial Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.1471 dividend. The ex-dividend date is Friday, September 27th. This represents a yield of 4.37%. CI Financial’s dividend payout ratio 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.