CI Financial Corp. (NYSE:CIXXF - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $21.51, but opened at $19.65. CI Financial shares last traded at $19.65, with a volume of 155 shares changing hands.
CIXXF has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered CI Financial from a "moderate buy" rating to a "hold" rating in a report on Monday, November 25th. TD Securities downgraded shares of CI Financial from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, November 27th.
Check Out Our Latest Analysis on CIXXF
The company's 50-day moving average price is $18.98 and its two-hundred day moving average price is $14.59. The company has a market cap of $2.80 billion, a P/E ratio of -58.79 and a beta of 1.43. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.53.
The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be paid a dividend of $0.1457 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 2.71%. CI Financial's dividend payout ratio (DPR) is presently -178.79%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider CI Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CI Financial wasn't on the list.
While CI Financial currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.