CI Financial Corp. (TSE:CIX) Director Brigette Elizabeth Chang Sells 340,000 Shares

CI Financial Corp. (TSE:CIX) Director Brigette Elizabeth Chang sold 340,000 shares of CI Financial stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of C$31.20, for a total value of C$10,608,000.00.

Brigette Elizabeth Chang also recently made the following trade(s):

• On Wednesday, April 9th, Brigette Elizabeth Chang sold 1,500 shares of CI Financial stock. The stock was sold at an average price of C$31.00, for a total transaction of C$46,500.00.

CI Financial Stock Up 0.1 %

Shares of CIX stock traded up C$0.02 during trading hours on Tuesday, hitting C$31.20. 1,188,333 shares of the company were exchanged, compared to its average volume of 697,576. The company has a market capitalization of C$4.50 billion, a PE ratio of -65.04, a PEG ratio of 0.04 and a beta of 1.67. CI Financial Corp. has a 52 week low of C$13.87 and a 52 week high of C$31.48. The business has a 50 day moving average of C$31.21 and a two-hundred day moving average of C$28.17. The company has a current ratio of 0.32, a quick ratio of 0.17 and a debt-to-equity ratio of 506.88.

CI Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 2.56%. CI Financial’s dividend payout ratio is currently -166.77%.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded shares of CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$27.94.

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.