CI Financial Corp (TSE:CIX) insider Douglas J.R. Jamieson sold 477 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of C$28.90, for a total transaction of C$13,785.30.
Douglas J.R. Jamieson also recently made the following trade(s):
- On Tuesday, October 17th, Douglas J.R. Jamieson purchased 1,000 shares of CI Financial stock. The shares were acquired at an average cost of C$28.00 per share, with a total value of C$28,000.00.
Shares of CI Financial Corp (TSE:CIX) traded up C$0.37 during midday trading on Thursday, reaching C$29.05. 658,229 shares of the company were exchanged, compared to its average volume of 462,266. CI Financial Corp has a fifty-two week low of C$25.79 and a fifty-two week high of C$29.94.
The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Wednesday, November 29th. CI Financial’s dividend payout ratio is presently 74.07%.
Several equities analysts have recently issued reports on the stock. Barclays raised their price target on shares of CI Financial from C$30.00 to C$32.00 in a research note on Monday, October 30th. CIBC raised their price target on shares of CI Financial from C$32.50 to C$33.00 in a research note on Monday, November 13th. Desjardins raised their price target on shares of CI Financial from C$28.00 to C$29.00 in a research note on Tuesday, October 31st. TD Securities raised their price target on shares of CI Financial from C$29.00 to C$30.00 and gave the company a “hold” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$29.00 price target on shares of CI Financial in a research note on Monday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. CI Financial has an average rating of “Hold” and an average target price of C$29.86.
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CI Financial Company Profile
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.
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