Keefe, Bruyette & Woods cut shares of CI Financial (NYSE:CIXXF – Free Report) from a moderate buy rating to a hold rating in a research note released on Monday,Zacks.com reports.
CI Financial Stock Up 0.3 %
NYSE:CIXXF opened at $22.11 on Monday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of -67.00 and a beta of 1.31. CI Financial has a twelve month low of $10.01 and a twelve month high of $22.70. 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 stock has a fifty day simple moving average of $15.77 and a 200-day simple moving average of $12.97.
CI Financial Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.1471 dividend. The ex-dividend date was Friday, September 27th. This represents a yield of 4.37%. CI Financial’s dividend payout ratio is currently -178.78%.
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.
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