CI Financial Corp (CIX) Director Sells C$135,540.00 in Stock
CI Financial Corp (TSE:CIX) Director Neal A. Kerr sold 4,500 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of C$30.12, for a total transaction of C$135,540.00.
Shares of CI Financial Corp (TSE CIX) opened at C$29.86 on Friday. The firm has a market cap of $8,190.00, a price-to-earnings ratio of 15.88 and a beta of 0.55. CI Financial Corp has a 52 week low of C$25.79 and a 52 week high of C$30.23.
CI Financial (TSE:CIX) last issued its quarterly earnings results on Thursday, November 9th. The company reported C$0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.53 by C$0.02. CI Financial had a net margin of 27.93% and a return on equity of 34.82%.
Several brokerages have recently issued reports on CIX. TD Securities upped their target price on shares of CI Financial from C$29.00 to C$30.00 and gave the company a “hold” rating in a report on Friday, November 10th. Desjardins upped their target price on shares of CI Financial from C$28.00 to C$29.00 in a report on Tuesday, October 31st. CIBC upped their target price on shares of CI Financial from C$32.50 to C$33.00 in a report on Monday, November 13th. Finally, Barclays lowered their target price on shares of CI Financial from C$32.00 to C$31.00 in a report on Monday, November 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. CI Financial currently has an average rating of “Hold” and a consensus price target of C$30.33.
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About CI Financial
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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