CI Financial (NYSE:CIXXF) Sets New 1-Year High – What’s Next?

Shares of CI Financial Corp. (NYSE:CIXXF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $16.76 and last traded at $16.76, with a volume of 14882 shares changing hands. The stock had previously closed at $16.47.

CI Financial Stock Performance

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 has a 50 day moving average price of $14.37 and a 200 day moving average price of $12.39. The stock has a market capitalization of $2.55 billion, a PE ratio of -68.96 and a beta of 1.31.

CI Financial (NYSE:CIXXF) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $720.62 million during the quarter. CI Financial had a negative net margin of 1.90% and a positive return on equity of 50.83%. As a group, equities research analysts expect that CI Financial Corp. will post 2.65 earnings per share for the current year.

CI Financial Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.1471 per share. This represents a dividend yield of 4.37%. The ex-dividend date was Friday, September 27th. CI Financial’s payout ratio is presently -235.99%.

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.