TSE:CIX
26.41
0.56
(2.06%)
Analysis and Opinions about CIX-T
Signal
Opinion
Expert
Chart
PAST TOP PICK
PAST TOP PICK
August 17, 2021
(A Top Pick Feb 04/21, Up 38.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CIX is progressing well. We now recommend trailing up the stop (from $12.50) to $23.50 -- the previous upside objective. If triggered this would all but guarantee a investment return over 34%.
Show full opinionHide full opinion
(A Top Pick Feb 04/21, Up 38.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CIX is progressing well. We now recommend trailing up the stop (from $12.50) to $23.50 -- the previous upside objective. If triggered this would all but guarantee a investment return over 34%.
WATCH
WATCH
March 23, 2021
They acquire a lot of businesses, especially in the U.S. investment advsiors, and are shifting from mutual funds to private investment advisory. This will be a powerful platform. The stock has been languishing below $20 for a long time, especially in 2020. When markets go down, asset managers go down more, and rise more than markets rising. However, CI goes down, but not up. CIX has a bright future though; it pays a solid dividend. Will their legacy business, which has been declining, level out at some point? He keeps watching it.
They acquire a lot of businesses, especially in the U.S. investment advsiors, and are shifting from mutual funds to private investment advisory. This will be a powerful platform. The stock has been languishing below $20 for a long time, especially in 2020. When markets go down, asset managers go down more, and rise more than markets rising. However, CI goes down, but not up. CIX has a bright future though; it pays a solid dividend. Will their legacy business, which has been declining, level out at some point? He keeps watching it.
DON'T BUY
DON'T BUY
March 8, 2021
He was stopped out. Their return metrics are deteriorating. They are in an industry with a lot of challenges. They have navigated these challenges well, however. He thinks perhaps this is a bit of a value trap as their top line has not really grown and they have made acquisitions. He prefers others.
Show full opinionHide full opinionHe was stopped out. Their return metrics are deteriorating. They are in an industry with a lot of challenges. They have navigated these challenges well, however. He thinks perhaps this is a bit of a value trap as their top line has not really grown and they have made acquisitions. He prefers others.
TOP PICK
TOP PICK
February 4, 2021
Stockchase Research Editor: Michael O'Reilly CIX is a Canadian financial asset management company who manages mutual and various hedge funds. It trades a just over 7x earnings, compared to a sector average of 14x. There has been a sizable increase in insider buying over the past three months. It pays a good dividend backed by a payout ratio of 30% of cash flow. We would buy this with a stop-loss at $12.50, looking to achieve $23.50 -- upside potential over 34%. Yield 4.12% (Analysts’ price target is $23.17)
Show full opinionHide full opinionStockchase Research Editor: Michael O'Reilly CIX is a Canadian financial asset management company who manages mutual and various hedge funds. It trades a just over 7x earnings, compared to a sector average of 14x. There has been a sizable increase in insider buying over the past three months. It pays a good dividend backed by a payout ratio of 30% of cash flow. We would buy this with a stop-loss at $12.50, looking to achieve $23.50 -- upside potential over 34%. Yield 4.12% (Analysts’ price target is $23.17)
WAIT
WAIT
February 3, 2021
He's on the fence. Strategically, now going in the right direction away from low-fee asset management. But they've been on a real spree of acquisitions. Wait and see if they get a return on investment dollars. A show-me story.
Show full opinionHide full opinionHe's on the fence. Strategically, now going in the right direction away from low-fee asset management. But they've been on a real spree of acquisitions. Wait and see if they get a return on investment dollars. A show-me story.
DON'T BUY
DON'T BUY
January 7, 2021
Wouldn't buy. On the surface, yield of 4.6% appears competitive. Cut the dividend by 50% in 2018. Strategically making the right moves by making acquisitions into high net worth asset management, which has better demographics and margins. But what's the return going to be? Earnings have flatlined. Value trap.
Show full opinionHide full opinionWouldn't buy. On the surface, yield of 4.6% appears competitive. Cut the dividend by 50% in 2018. Strategically making the right moves by making acquisitions into high net worth asset management, which has better demographics and margins. But what's the return going to be? Earnings have flatlined. Value trap.
PAST TOP PICK
PAST TOP PICK
May 5, 2020
(A Top Pick May 02/19, Down 25%) He got stopped out. It was a value play. It was cheap at $15. He doesn't know how retailer investors will respond to this current uncertainty. The mutual fund business was facing headwinds before the pandemic. He won't buy back his shares.
Show full opinionHide full opinion(A Top Pick May 02/19, Down 25%) He got stopped out. It was a value play. It was cheap at $15. He doesn't know how retailer investors will respond to this current uncertainty. The mutual fund business was facing headwinds before the pandemic. He won't buy back his shares.
DON'T BUY
DON'T BUY
January 27, 2020
It's cheap and a pretty well run business, but the mutual fund business is not as good as it was 10-15 years ago. Fees in the financial services sector are under pressure. The long term challenges in the industry would keep him away from the stock.
Show full opinionHide full opinionIt's cheap and a pretty well run business, but the mutual fund business is not as good as it was 10-15 years ago. Fees in the financial services sector are under pressure. The long term challenges in the industry would keep him away from the stock.
BUY WEAKNESS
BUY WEAKNESS
August 26, 2019
A big Canadian mutual fund company. A go-go stock for many years and a fast-grower, but is now under pressure like the sector. Still produces a lot of fresh cash flow. It's in trading range of $18-23. Pays a nice dividend.
Show full opinionHide full opinionA big Canadian mutual fund company. A go-go stock for many years and a fast-grower, but is now under pressure like the sector. Still produces a lot of fresh cash flow. It's in trading range of $18-23. Pays a nice dividend.
WEAK BUY
WEAK BUY
May 10, 2019
Optimal period is between October and February. Positive in 15 of last 20 periods. Charts show a downtrend. We have a breakout. Trading above moving averages, has momentum. New trend should carry it higher. Technicals do look supportive.
Show full opinionHide full opinionOptimal period is between October and February. Positive in 15 of last 20 periods. Charts show a downtrend. We have a breakout. Trading above moving averages, has momentum. New trend should carry it higher. Technicals do look supportive.
TOP PICK
TOP PICK
May 2, 2019
They are facing some challenges as money moves from active to passive management. They are very profitable and have lots of free cash flow. They buy back shares and have a decent dividend. (Analysts’ price target is $21.33)
Show full opinionHide full opinionThey are facing some challenges as money moves from active to passive management. They are very profitable and have lots of free cash flow. They buy back shares and have a decent dividend. (Analysts’ price target is $21.33)
DON'T BUY
DON'T BUY
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.
Show full opinionHide full opinionThe 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.
WATCH
WATCH
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.
Show full opinionHide full opinionHe'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.
PAST TOP PICK
PAST TOP PICK
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.
Show full opinionHide full opinion(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.
SELL
SELL
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)
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)
CI Financial Corp(CIX-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 3
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, 3 stock analysts published opinions about CIX-T. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 The Panic-Proof Portfolio (Stockchase Research) on 2021-08-17. 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?
3 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 2021-09-20, CI Financial Corp (CIX-T) stock closed at a price of $26.405.
