CI Financial Corp (CIX-T) Stock Predictions - Stockchase
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CI Financial Corp (CIX-T)

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CI Financial Corp

CIX-T

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CI Financial Corp (CIX-T) SAVE Mar, 25, 2019, 11:34 pm

17.93 0.01 (0.06%)

What the experts are saying about CIX-T



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DON'T BUY
CI Financial Corp(CIX-T) 

February 20, 2019

The sector's been difficult as a whole. Money flowing into ETFs, which puts pressure on fees and margins. No growth in the sector. She wouldn't pick any companies in the sector.
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The sector's been difficult as a whole. Money flowing into ETFs, which puts pressure on fees and margins. No growth in the sector. She wouldn't pick any companies in the sector.
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Veronika Hirsch

Chief Inve, Arrow Capital...

Price Price
$18.810
Owned Owned
No

WATCH
CI Financial Corp(CIX-T) 

January 15, 2019

He's watching it closely. Disclosure: A colleague of his sits on their board. A good business. CI can transition from mutual funds into private wealth management. They have a good cost structure. At $17, they're buying back lots of stock, but using debt to do so. They suffered a huge correction last year. But he's closely watching this as a serious buy. 4.1% dividend.
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He's watching it closely. Disclosure: A colleague of his sits on their board. A good business. CI can transition from mutual funds into private wealth management. They have a good cost structure. At $17, they're buying back lots of stock, but using debt to do so. They suffered a huge correction last year. But he's closely watching this as a serious buy. 4.1% dividend.
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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$17.600
Owned Owned
No

PAST TOP PICK
CI Financial Corp(CIX-T) 

November 28, 2018

(A Top Pick Aug 22/17, Down 26%) Pared back his holding. High 42% ROE, but the market doesn't see it as a growth stock; their Century acquisition was over-expensive. It's good that they're buying back shares. It's very cheap now, but has terrible price momentum. He needs to see a bottom with this stock.
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(A Top Pick Aug 22/17, Down 26%) Pared back his holding. High 42% ROE, but the market doesn't see it as a growth stock; their Century acquisition was over-expensive. It's good that they're buying back shares. It's very cheap now, but has terrible price momentum. He needs to see a bottom with this stock.
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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$19.720
Owned Owned
Yes

SELL
CI Financial Corp(CIX-T) 

October 18, 2018

Sold it around $21. Customers are moving from Mutual Funds to ETFs. This is affecting them. The fact that the Canadian Market hasn’t done so well it also affected them as they are not as global in nature. (Analysts’ price target is $24.88)

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Sold it around $21. Customers are moving from Mutual Funds to ETFs. This is affecting them. The fact that the Canadian Market hasn’t done so well it also affected them as they are not as global in nature. (Analysts’ price target is $24.88)

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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$18.750
Owned Owned
No

HOLD
CI Financial Corp(CIX-T) 

September 28, 2018

Cut dividend and guidance as to when elevated outflows will stop. Payout ratio is fine at 30%. Buying back stock instead. He’s modelling that assets under management will stabilize back to 2017 levels. At 8.1x 2019 earnings, really cheap. Some performance issues. Worth holding if you own it. Write a put on it.

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Cut dividend and guidance as to when elevated outflows will stop. Payout ratio is fine at 30%. Buying back stock instead. He’s modelling that assets under management will stabilize back to 2017 levels. At 8.1x 2019 earnings, really cheap. Some performance issues. Worth holding if you own it. Write a put on it.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$20.510
Owned Owned
Unknown

DON'T BUY
CI Financial Corp(CIX-T) 

September 13, 2018

It's really struggled this year. A problem for all asset managers is an ongoing price war led by the banks. As a result, CI has had to cut fees, but also halved their dividend (last month). Also, their key funds are underperforming. The organic growth is gone. This is a value trap. Avoid.

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It's really struggled this year. A problem for all asset managers is an ongoing price war led by the banks. As a result, CI has had to cut fees, but also halved their dividend (last month). Also, their key funds are underperforming. The organic growth is gone. This is a value trap. Avoid.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$20.500
Owned Owned
No

HOLD
CI Financial Corp(CIX-T) 

September 10, 2018

It is a well run company that has done a phenomenal job.  They are facing a lot of pressure in terms of fees and how to grow when they are already so big.  They are in a bit of a no-man's land.  They cut their dividend to buy back shares.  It sends the wrong message to some investors.

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It is a well run company that has done a phenomenal job.  They are facing a lot of pressure in terms of fees and how to grow when they are already so big.  They are in a bit of a no-man's land.  They cut their dividend to buy back shares.  It sends the wrong message to some investors.

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Gerard Ferguson

CEO & Port, Jemekk Capital Manag...

Price Price
$20.580
Owned Owned
Unknown

HOLD
CI Financial Corp(CIX-T) 

July 26, 2018

Cheap stock. 6% dividend yield with a 55% payout ratio. They had poor performance. Management if guiding at more outflows. Regulatory concerns have proved to turn out better than many people thought. It is not going to do the heavy lifting for your portfolio but getting your dividend you will be OK.

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Cheap stock. 6% dividend yield with a 55% payout ratio. They had poor performance. Management if guiding at more outflows. Regulatory concerns have proved to turn out better than many people thought. It is not going to do the heavy lifting for your portfolio but getting your dividend you will be OK.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$23.100
Owned Owned
No

HOLD
CI Financial Corp(CIX-T) 

July 23, 2018

It is a mutual fund company, one of the most successful.  It suffered recently as have others with concerns of pressure from ETFs and regulation changes.  The dividend is probably stable and safe.

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It is a mutual fund company, one of the most successful.  It suffered recently as have others with concerns of pressure from ETFs and regulation changes.  The dividend is probably stable and safe.

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$23.160
Owned Owned
Unknown

DON'T BUY
CI Financial Corp(CIX-T) 

July 18, 2018

He owns this personally. It's a portfolio manager, not insurance. They've stumbled a bit after buying some new assets. The Century deal is probably clearing. The yield is probably safe. But it's disappointed. It was $38 five years ago and  been on a tobboggan run ever since.

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He owns this personally. It's a portfolio manager, not insurance. They've stumbled a bit after buying some new assets. The Century deal is probably clearing. The yield is probably safe. But it's disappointed. It was $38 five years ago and  been on a tobboggan run ever since.

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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$23.840
Owned Owned
Yes

HOLD

This is another high-quality dividend-paying stock that has been hurt this year. They’ve had some net redemptions, but the selloff is overdone relative to that. From a valuation perspective, this is in the top 10% and it is a very stable stock. This is a great consolidator. However, active management has been declining relative to passive investment. There are no debt problems. He is happy to own it here but the negative price momentum stops him from recommending it for new money.

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This is another high-quality dividend-paying stock that has been hurt this year. They’ve had some net redemptions, but the selloff is overdone relative to that. From a valuation perspective, this is in the top 10% and it is a very stable stock. This is a great consolidator. However, active management has been declining relative to passive investment. There are no debt problems. He is happy to own it here but the negative price momentum stops him from recommending it for new money.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$23.640
Owned Owned
Yes

DON'T BUY
CI Financial Corp(CIX-T) 

June 28, 2018

Great company. They have been the quality act in the funds business. He has a soft spot for them as they were the very first client when he started in business in 1993. ETFs are putting them under pressure. Fees are coming down. It is not a growth business anymore. Their writing is a little bit on the wall for them. 

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Great company. They have been the quality act in the funds business. He has a soft spot for them as they were the very first client when he started in business in 1993. ETFs are putting them under pressure. Fees are coming down. It is not a growth business anymore. Their writing is a little bit on the wall for them. 

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$23.590
Owned Owned
No

COMMENT
CI Financial Corp(CIX-T) 

December 19, 2017

They are in a tough industry being in mutual funds and trying to transition out. Saw a big decline from 2015 until 2016 and now we’ve just moved sideways when they should have been moving up.  We are in seasonal period and financial companies tends to get strong at this time of the year. From a seasonal perspective, look at April to be getting out if you’re in it. He doesn’t see an exciting opportunity here. If they break above the $30 level that might actually be a good thing. Technically it’s looking OK despite being flat for most of the year.

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They are in a tough industry being in mutual funds and trying to transition out. Saw a big decline from 2015 until 2016 and now we’ve just moved sideways when they should have been moving up.  We are in seasonal period and financial companies tends to get strong at this time of the year. From a seasonal perspective, look at April to be getting out if you’re in it. He doesn’t see an exciting opportunity here. If they break above the $30 level that might actually be a good thing. Technically it’s looking OK despite being flat for most of the year.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$29.510
Owned Owned
Unknown

COMMENT
CI Financial Corp(CIX-T) 

December 6, 2017

Sell this and buy Shaw Communications (SJR.B-T) or BCE (BCE-T)? He likes all 3. It really comes down to your portfolio and what else you own. These are 3 very different businesses. BCE is the most boring name and is the “Steady Eddie”. You’re getting a dividend of about 4.7%, and the stock is up about 6% this year giving you a 10% return. He would steer you more towards BCE.

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Sell this and buy Shaw Communications (SJR.B-T) or BCE (BCE-T)? He likes all 3. It really comes down to your portfolio and what else you own. These are 3 very different businesses. BCE is the most boring name and is the “Steady Eddie”. You’re getting a dividend of about 4.7%, and the stock is up about 6% this year giving you a 10% return. He would steer you more towards BCE.

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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$28.680
Owned Owned
Unknown

PAST TOP PICK
CI Financial Corp(CIX-T) 

November 24, 2017

(A Top Pick Sept 15/16. Down 22%.) *Short* He is still Short. The return represents the worst snapshot possible, but as he has held this for a long time, he is still profitable. Wealth management and mutual fund space in general has been a very tough spot. Feels the stock is still expensive.

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(A Top Pick Sept 15/16. Down 22%.) *Short* He is still Short. The return represents the worst snapshot possible, but as he has held this for a long time, he is still profitable. Wealth management and mutual fund space in general has been a very tough spot. Feels the stock is still expensive.

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Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$28.680
Owned Owned
Yes

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