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)
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.
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.
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.
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.
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.
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.
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.
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
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 DON'T BUY. Read the latest stock experts' ratings for CI Financial Corp.
CI Financial Corp was recommended as a Top Pick by Brian Madden on 2021-01-07. Read the latest stock experts ratings for CI Financial Corp.
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.
3 stock analysts on Stockchase covered CI Financial Corp In the last year. It is a trending stock that is worth watching.
On 2021-01-22, CI Financial Corp (CIX-T) stock closed at a price of $16.51.