CI Financial (NYSE:CIXXF) Reaches New 12-Month High – Here’s What Happened

CI Financial Corp. (NYSE:CIXXF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.76 and last traded at $16.76, with a volume of 14882 shares traded. The stock had previously closed at $16.47.

CI Financial Stock Up 1.6 %

The stock has a 50-day moving average of $14.20 and a two-hundred day moving average of $12.33. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $2.47 billion, a P/E ratio of -66.94 and a beta of 1.31.

CI Financial (NYSE:CIXXF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.66 earnings per share for the quarter. CI Financial had a positive return on equity of 50.83% and a negative net margin of 1.90%. The firm had revenue of $720.62 million during the quarter. On average, research analysts anticipate that CI Financial Corp. will post 2.65 EPS for the current fiscal year.

CI Financial Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.1471 per share. This represents a yield of 4.37%. The ex-dividend date was Friday, September 27th. CI Financial’s dividend payout ratio (DPR) is presently -235.99%.

About CI Financial

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.