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Investor Insights

This summary was created by AI, based on 7 opinions in the last 12 months.

CI Financial Corp (CIX-T) has seen mixed reviews from various experts. Some experts recommend covering the position due to a net investment loss while others recommend trailing up the stop as the stock is progressing well. The company has divested its US wealth business, leading to a repurchase of its debentures. It trades at 1.6x book and 6x earnings, paying a good dividend with a payout ratio of 1/3 of its cash flow. While it has faced balance sheet trouble, the company is selling off part of its business and building cash reserves. Overall, opinions on CIX-T are varied with both positive and negative outlooks.

Consensus
Varied
Valuation
Fair Value
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
CI Financial Corp
(A Top Pick Jun 13/23, Down 10.2%)Stockchase Research Editor: Michael O'Reilly

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.  

investment companies / funds
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
CI Financial Corp
(A Top Pick Jun 13/23, Up 12%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CIX is progressing well.  To remain disciplined, we recommend trailing up the stop (from $12.00) to $13.50 at this time.

investment companies / funds
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
CI Financial Corp
Stockchase Research Editor: Michael O'Reilly

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)
investment companies / funds
Unspecified
CI Financial Corp

It took on lots of debt at low interest rates which has given it some balance sheet trouble. It has sold some holdings. There isn't growth but debt is OK now. It is exceptionally cheap at 3.9X 2024 earnings. Pays a dividend of 5.6%. He bought some last week.

investment companies / funds
COMMENT
CI Financial Corp

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.

investment companies / funds
BUY
CI Financial Corp

Company selling off USA business rewarded by market.
Strong fundamentals. 
Likes long term prospects for company. 
Good time to buy shares.

investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
CI Financial Corp
Stockchase Research Editor: Michael O'Reilly

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)
investment companies / funds
TRADE
CI Financial Corp

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.

investment companies / funds
PAST TOP PICK
CI Financial Corp
(A Top Pick Apr 26/22, Down 25%)

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. 

investment companies / funds
BUY ON WEAKNESS
CI Financial Corp

As a general rule, the financials will be a net beneficiary of inflation. It's been dropping--and its drops during its divestiture, so this is worth looking at now.

investment companies / funds
HOLD
CI Financial Corp
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

CIX’s fundamental metrics – its Asset under Management (AUM) has been quite resilient amid a challenging macro environment, with growth mainly coming from US wealth management, which management indicates is the key growth lever for the company in the future. In addition, the company has a track record of repurchasing shares aggressively in recent years, which indicates management believes shares are undervalued.

Like other names in the Financial sector, CIX has been under pressure recently due to the fear of contagion risks in the financial systems, as well as weak capital markets. Although there is a contagious sentiment risk, we think this risk is low in probability as the Fed and other countries’ central banks publicly announced their intention to stabilize the Financial system. CIXs is not impacted by deposits, but margins are trending down and business remains competitive. But the stock is priced right, and it has managed a challenging environment well enough and made good acquisitions over time. Overall, we think CIX is a hold.
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investment companies / funds
BUY
CI Financial Corp

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Strategy of US expansion is risky, but we prefer it to staying in Canada. 
CEO is young, but we think the Board knows its strategy well. 
Recent acquisition may not work out, but we would rather the company try to move forward than simply bleed out with lower fees and massive competition in Canada.  
Well run company overall. Unlock Premium - Try 5i Free

investment companies / funds
HOLD
CI Financial Corp
Positive or negative leverage based on how stock market does. Buying wealth managers, especially in US. Not sure if it's working out to make bets on wealth managers as the market plummets. Long term, should work out. He owns BLK instead, an ETF provider.
investment companies / funds
BUY
CI Financial Corp
You're fine as an income investor, though the stock has disappointed in the past year. They added a lot of debt to buy some businesses, but they are also buying a lot of their own shares, a good sign. They remain a great operator in Canada. They generate a lot of free cash flow. He's not worried about the 5% dividend. Shares are cheap.
investment companies / funds
DON'T BUY
CI Financial Corp
Owns mutual funds etc. It has spent a lot of money on acquisitions and needs to execute on them. It will be a different environment over the next six months. There are better companies out there which are more diversified.
investment companies / funds
Showing 1 to 15 of 282 entries

CI Financial Corp(CIX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 4

Stockchase rating for CI Financial Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 4 stock analysts published opinions about CIX-T. 4 analysts recommended to BUY the stock. 0 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?

4 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 2024-04-17, CI Financial Corp (CIX-T) stock closed at a price of $16.33.