CI Financial Corp (TSE:CIX) insider Douglas J.R. Jamieson purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was bought at an average price of C$28.00 per share, with a total value of C$28,000.00.
CI Financial Corp (CIX) opened at 28.42 on Friday. The company has a market capitalization of $7.33 billion and a P/E ratio of 15.46. CI Financial Corp has a 52 week low of $23.52 and a 52 week high of $29.94. The stock’s 50 day moving average price is $27.64 and its 200 day moving average price is $27.19.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be issued a $0.1175 dividend. The ex-dividend date is Monday, October 30th. This is a positive change from CI Financial Corp’s previous monthly dividend of $0.12. This represents a $1.41 annualized dividend and a dividend yield of 4.96%.
COPYRIGHT VIOLATION WARNING: This article was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.dispatchtribunal.com/2017/10/28/douglas-j-r-jamieson-purchases-1000-shares-of-ci-financial-corp-cix-stock.html.
CIX has been the subject of a number of analyst reports. CIBC raised their price target on CI Financial Corp from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, October 3rd. Scotiabank raised their price target on CI Financial Corp from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, August 11th. TD Securities raised their price target on CI Financial Corp from C$28.00 to C$29.00 and gave the company a “hold” rating in a research note on Friday, August 11th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$29.00 price target on shares of CI Financial Corp in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. CI Financial Corp presently has an average rating of “Hold” and an average price target of C$29.43.
About CI Financial Corp
CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration.
Receive News & Ratings for CI Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.