CI Financial (NYSE:CIXXF) Reaches New 1-Year High at $13.00

CI Financial Corp. (NYSE:CIXXF)’s share price reached a new 52-week high on Thursday . The company traded as high as $13.00 and last traded at $13.00, with a volume of 6934 shares traded. The stock had previously closed at $12.92.

CI Financial Price Performance

The firm has a market cap of $1.86 billion, a PE ratio of -14.49 and a beta of 1.35. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 3.53. The stock has a 50 day moving average price of $12.08 and a two-hundred day moving average price of $11.76.

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 company had revenue of $720.62 million during the quarter. CI Financial had a positive return on equity of 50.83% and a negative net margin of 1.90%. As a group, equities analysts expect that CI Financial Corp. will post 2.65 earnings per share for the current year.

CI Financial Increases Dividend

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