CI Financial Corp. (TSE:CIX) Director Brigette Elizabeth Chang Sells 1,500 Shares

CI Financial Corp. (TSE:CIX) Director Brigette Elizabeth Chang sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of C$31.00, for a total transaction of C$46,500.00.

CI Financial Price Performance

TSE CIX opened at C$31.13 on Thursday. CI Financial Corp. has a 52 week low of C$13.87 and a 52 week high of C$31.48. The firm has a market capitalization of C$4.49 billion, a P/E ratio of -64.90, a PEG ratio of 0.04 and a beta of 1.67. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88. The company 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 firm also recently declared 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. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, March 31st. CI Financial’s payout ratio is currently -166.77%.

Wall Street Analyst Weigh In

Separately, Raymond James cut shares of CI Financial from a “moderate buy” rating to a “strong sell” rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, CI Financial has a consensus rating of “Hold” and a consensus target price of C$27.94.

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.