CI Financial Corp (CIX-T)
TSE:CIX
31.12
0.01
(0.03%) 1d
Financials
Technical Analysis
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Nervous markets await NvidiaThis summary was created by AI, based on 6 opinions in the last 12 months.
CI Financial Corp (CIX-T) is recognized as a well-established Canadian investment firm that has garnered mixed reviews from experts. While some believe the company possesses good leadership and capital allocation, there are concerns about its balance sheet and valuation, especially in comparison to competitors like BAM, which are preferred due to their strong management and earnings. The company has made aggressive efforts to expand its U.S. business, leading to some optimism about future growth potential, yet its mutual fund segment has struggled to achieve meaningful growth over the past decade. Additionally, the firm faces challenges from the dominance of Canadian banks in the investment space, with some experts advocating for more diversified holdings rather than CI's approach. Overall, while there are strengths, particularly with dividends and buybacks, serious questions about management strategy and financial leverage persist.
Building US business dramatically, planning to take public sometime in the future. Canadian side is well run, but the mutual funds business hasn't grown in years, perhaps 10% a year. Big dividend. Combining both sides of the business should garner a $35 stock price easily, $50 if they really tried. Yield is 4.6%.
(Analysts’ price target is $19.25)Aggressive acquisition hunt for the last decade. Tough to be an independent in Canada, as Canadian banks control so much of net worth. He'd rather own the banks with their broader diversification. Warren Buffet says "A lousy industry will beat great management every time."
Our PAST TOP PICK with CIX has triggered its stop at $13.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 12%, when combined with our previous recommendations.
We reiterate this wealth manager of $395 billion of assets as a TOP PICK. I has closed on the 20% divestment of its US wealth business, which as allowed it repurchase over $700 million of its debentures. It trades at 1.6x book and 6x earnings. It pays a good dividend with a payout ratio of 1/3 of its cash flow. We continue to recommend a stop at $12, looking to achieve $18 -- upside potential of 18%. Yield 4.9%
(Analysts’ price target is $18.94)It used to be a great stock and the earnings ratio of 20X has dropped to 5X. It pays a 5% dividend and is buying back stock. The IPO of the U.S. business part is possible. It sold off part of its business to private equity via preferred shares which have a 14% guaranteed annual minimum return.. This could cause losses to common shareholders. He would prefer IGM.
CIX just announced a $1.3b sale for 20% of its US wealth management business. This will allow the company to reduce debt and move into new directions. Latest quarterly earnings showed the company building cash reserves, while buying back shares and reducing debt. It trades at 6x earnings and 1.4x book value. It pays a good dividend, backed by a payout ratio under 35% of cash flow. We recommend a stop-loss at $12.00, looking to achieve $19.50 -- upside potential of 18%. Yield 4.5%
(Analysts’ price target is $19.38)Last quarter was in line, solid improvement in net flows. Fabulous job building out asset management platform. Moved down sharply with the group. Nice dividend of 6%, safe. Ridiculously cheap at 4.8x 2024 estimated earnings.
Doesn't love the business. Sometimes names get too cheap not to buy. Beta play on improving markets. Not a 10-year hold.
Diversified away from core mutual fund base, which has no growth. Started piling on debt to buy Registered Investment Advisors in the US, which they haven't been able to roll out. Timing was bad. Insiders continue to buy aggressively. Cheap valuation.
CI Financial Corp(CIX-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 9
CI Financial Corp(CIX-T) Frequently Asked Questions
What is CI Financial Corp stock symbol?
CI Financial Corp is a Canadian stock, trading under the symbol CIX-T on the Toronto Stock Exchange (CIX-CT). It is usually referred to as TSX:CIX or CIX-T
Is CI Financial Corp a buy or a sell?
In the last year, 9 stock analysts published opinions about CIX-T. 3 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CI Financial Corp.
Is CI Financial Corp a good investment or a top pick?
CI Financial Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for CI Financial Corp.
Why is CI Financial Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is CI Financial Corp worth watching?
9 stock analysts on Stockchase covered CI Financial Corp In the last year. It is a trending stock that is worth watching.
What is CI Financial Corp stock price?
On 2025-04-10, CI Financial Corp (CIX-T) stock closed at a price of $31.12.
Are very different asset managers. CI's balance sheet is not good. Prefers BAM, but shares have risen to a high valuation. Great managers and earnings stream (asset management fees).