Insider Selling: CI Financial Corp (CIX) Insider Sells 477 Shares of Stock
CI Financial Corp (TSE:CIX) insider Douglas J.R. Jamieson sold 477 shares of CI Financial stock in a transaction on Friday, December 1st. The shares were sold at an average price of C$28.90, for a total transaction of C$13,785.30.
Douglas J.R. Jamieson also recently made the following trade(s):
- On Tuesday, October 17th, Douglas J.R. Jamieson purchased 1,000 shares of CI Financial stock. The stock was acquired at an average price of C$28.00 per share, for a total transaction of C$28,000.00.
Shares of CI Financial Corp (CIX) traded down C$0.26 during mid-day trading on Monday, hitting C$28.55. 614,245 shares of the company traded hands, compared to its average volume of 461,014. CI Financial Corp has a 1-year low of C$25.79 and a 1-year high of C$29.94.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Wednesday, November 29th. CI Financial’s dividend payout ratio is currently 74.07%.
Several equities research analysts have issued reports on CIX shares. Barclays lowered their price target on shares of CI Financial from C$32.00 to C$31.00 in a research note on Monday, November 13th. CIBC lifted their price target on shares of CI Financial from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, October 3rd. Scotiabank lifted their price target on shares of CI Financial from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, August 11th. TD Securities lifted their price target on shares of CI Financial from C$28.00 to C$29.00 and gave the company a “hold” rating in a research note on Friday, August 11th. Finally, Desjardins boosted their price objective on shares of CI Financial from C$28.00 to C$29.00 in a research note 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 stock presently has an average rating of “Hold” and an average price target 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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