CI Financial Corp (TSE:CIX) insider David C. Pauli sold 559 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of C$29.38, for a total transaction of C$16,423.42.
CI Financial Corp (TSE CIX) traded down C$0.09 during mid-day trading on Wednesday, reaching C$29.31. 904,503 shares of the company traded hands, compared to its average volume of 464,132. CI Financial Corp has a 1-year low of C$25.79 and a 1-year high of C$29.46.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.117 dividend. This represents a $1.40 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, November 29th. CI Financial’s payout ratio is currently 74.07%.
CIX has been the subject of several recent research reports. Barclays lowered their price target on shares of CI Financial from C$32.00 to C$31.00 in a research report on Monday, November 13th. CIBC upped their price target on shares of CI Financial from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd. BMO Capital Markets restated a “market perform” rating and set a C$29.00 price target on shares of CI Financial in a research report on Monday, September 18th. TD Securities upped their price target on shares of CI Financial from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Friday, November 10th. Finally, Desjardins upped their price target on shares of CI Financial from C$28.00 to C$29.00 in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$29.86.
TRADEMARK VIOLATION WARNING: This report was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2017/12/13/ci-financial-corp-cix-insider-david-c-pauli-sells-559-shares.html.
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.
Receive News & Ratings for CI Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial and related companies with MarketBeat.com's FREE daily email newsletter.