CI Financial Corp (CIX) Insider David C. Pauli Sells 559 Shares
CI Financial Corp (TSE:CIX) insider David C. Pauli sold 559 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of C$29.38, for a total transaction of C$16,423.42.
CI Financial Corp (TSE CIX) traded down C$0.09 during mid-day trading on Wednesday, reaching C$29.31. 904,503 shares of the company traded hands, compared to its average volume of 464,132. CI Financial Corp has a 1-year low of C$25.79 and a 1-year high of C$29.46.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.117 dividend. This represents a $1.40 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, November 29th. CI Financial’s payout ratio is currently 74.07%.
CIX has been the subject of several recent research reports. Barclays lowered their price target on shares of CI Financial from C$32.00 to C$31.00 in a research report on Monday, November 13th. CIBC upped their price target on shares of CI Financial from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd. BMO Capital Markets restated a “market perform” rating and set a C$29.00 price target on shares of CI Financial in a research report on Monday, September 18th. TD Securities upped their price target on shares of CI Financial from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Friday, November 10th. Finally, Desjardins upped their price target on shares of CI Financial from C$28.00 to C$29.00 in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$29.86.
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CI Financial Company Profile
CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration.
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