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.

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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.

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

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