CI Financial Corp. (TSE:CIX - Get Free Report) Director Brigette Elizabeth Chang sold 1,500 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of C$31.00, for a total transaction of C$46,500.00.
CI Financial Stock Up 0.7 %
TSE CIX opened at C$31.13 on Thursday. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. The company has a market capitalization of C$4.49 billion, a P/E ratio of -64.90, a P/E/G ratio of 0.04 and a beta of 1.67. CI Financial Corp. has a one year low of C$13.87 and a one year high of C$31.48. The stock has a 50 day moving average price of C$31.22 and a 200-day moving average price of C$27.97.
CI Financial Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. CI Financial's dividend payout ratio is currently -166.77%.
Analysts Set New Price Targets
Separately, Raymond James lowered shares of CI Financial from a "moderate buy" rating to a "strong sell" rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, CI Financial presently has an average rating of "Hold" and an average target price of C$27.94.
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About CI Financial
(
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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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