Neal A. Kerr Sells 3,800 Shares of CI Financial Corp (CIX) Stock
CI Financial Corp (TSE:CIX) Director Neal A. Kerr sold 3,800 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$29.59, for a total transaction of C$112,442.00.
Shares of CI Financial Corp (CIX) opened at C$29.51 on Wednesday. CI Financial Corp has a fifty-two week low of C$25.79 and a fifty-two week high of C$29.73.
The firm also recently announced a monthly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.117 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.76%. CI Financial’s payout ratio is currently 74.07%.
A number of research firms have commented on CIX. CIBC boosted 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. Barclays dropped their price target on shares of CI Financial from C$32.00 to C$31.00 in a research report on Monday, November 13th. 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 boosted 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 boosted 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$29.86.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/12/20/neal-a-kerr-sells-3800-shares-of-ci-financial-corp-cix-stock.html.
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.
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.