CI Financial (NYSE:CIXXF) Shares Up 0.4%

CI Financial Corp. (NYSE:CIXXF)’s stock price rose 0.4% during trading on Friday . The company traded as high as $12.23 and last traded at $12.22. Approximately 29,738 shares traded hands during trading, an increase of 82% from the average daily volume of 16,342 shares. The stock had previously closed at $12.17.

CI Financial Trading Up 0.4 %

The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 3.23. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 5.27 and a beta of 1.43. The company has a fifty day moving average of $12.37 and a 200-day moving average of $11.44.

CI Financial (NYSE:CIXXF) last released its earnings results on Friday, February 23rd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. CI Financial had a net margin of 0.21% and a return on equity of 40.15%. The business had revenue of $525.68 million for the quarter, compared to analyst estimates of $486.16 million. As a group, equities research analysts anticipate that CI Financial Corp. will post 2.77 earnings per share for the current fiscal year.

CI Financial Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.1454 per share. This represents a dividend yield of 4.55%. The ex-dividend date of this dividend was Wednesday, March 27th. CI Financial’s payout ratio is presently -2,948.53%.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.