Douglas J.R. Jamieson Acquires 1,000 Shares of CI Financial Corp (CIX) Stock

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%.

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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.

Insider Buying and Selling by Quarter for CI Financial Corp (TSE:CIX)

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