CI Financial (NYSE:CIXXF) Shares Up 0.4%

CI Financial Corp. (NYSE:CIXXF)’s share price shot up 0.4% on Friday . The company traded as high as $12.23 and last traded at $12.22. 29,738 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 16,342 shares. The stock had previously closed at $12.17.

CI Financial Trading Up 0.4 %

The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 5.27 and a beta of 1.43. The company’s 50 day moving average is $12.37 and its 200 day moving average is $11.44. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.33 and a current ratio of 0.33.

CI Financial (NYSE:CIXXF) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.06. CI Financial had a net margin of 0.21% and a return on equity of 40.15%. The firm had revenue of $525.68 million for the quarter, compared to analyst estimates of $486.16 million. On average, research analysts forecast that CI Financial Corp. will post 2.77 EPS for the current fiscal year.

CI Financial Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.1454 per share. The ex-dividend date was Wednesday, March 27th. This represents a yield of 4.55%. CI Financial’s dividend payout ratio (DPR) is -2,948.53%.

CI Financial Company Profile

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.