CI Financial Corp. (TSX: CIX)
Canada
· Delayed Price · Currency is CAD | Market Cap | 2.24B |
| Revenue (ttm) | 2.91B |
| Net Income (ttm) | -179.39M |
| Shares Out | 151.38M |
| EPS (ttm) | -1.21 |
| PE Ratio | n/a |
| Forward PE | 4.74 |
| Dividend | 0.80 (5.50%) |
| Ex-Dividend Date | Sep 27, 2024 |
| Volume | 422,665 |
| Open | 14.42 |
| Previous Close | 14.15 |
| Day's Range | 14.37 - 14.73 |
| 52-Week Range | 12.51 - 17.73 |
| Beta | 1.63 |
| Analysts | n/a |
| Price Target | 19.38 (+33.2%) |
| Earnings Date | Aug 8, 2024 |
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. The firm was founded in 1965 and is based in Toronto, Canada with additional offices in Vancouver, Canada; Calgary, Canada; and Montreal, Canada. [Read more]
Financial Performance
In 2023, CI Financial's revenue was 3.20 billion, an increase of 31.99% compared to the previous year's 2.43 billion. Earnings were 5.02 million, a decrease of -98.33%.
Financial StatementsNews
CI Financial commences up to $77.5M substantial issuer bid
CI Financial announces pricing of $675M private offering of notes
CI Financial Corp. Announces Pricing of US$675.0 Million Private Offering of Notes
TORONTO — CI Financial Corp. (“CI” or the “Company”) (TSX: CIX) today announced that it has successfully priced a private offering (the “Offering”) of US$675.0 million aggregate principal amount of it...
CI Financial to offer senior unsecured U.S.-dollar-denominated notes in private placement
CI Financial Corp. Announces Private Offering of U.S. Dollar Notes
TORONTO — CI Financial Corp. (“CI” or the “Company”) (TSX: CIX) today announced that it intends, subject to market and other conditions, to offer and sell (the “Offering”) in a private placement to el...
CI Financial Reports Total Assets of $467.9 Billion for April 2024
All financial amounts in Canadian dollars unless stated otherwise. TORONTO — CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $467.9 billion as at April 30, 2024, consis...
CI Financial Corp. (CIXXF) Q1 2024 Earnings Call Transcript
CI Financial Corp. (OTCPK:CIXXF) Q1 2024 Results Earnings Conference Call May 10, 2024 9:00 AM ETCompany ParticipantsKurt MacAlpine - Chief Executive...
CI Financial Expects to Pay Off What Is Still Owed on U.S. M&A Deals January 2025
The debt is the “final piece” connecting CI to U.S. wealth management business Corient, CEO Kurt MacAlpine said on an earnings call.
CI Financial Corp. 2024 Q1 - Results - Earnings Call Presentation
The following slide deck was published by CI Financial Corp.
CI Financial raises dividend by 11.1% to $0.20
CI Financial Announces Quarterly Dividend
TORONTO — CI Financial Corp. (“CI”) (TSX: CIX) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of CI’s common stock. The dividend will be payab...
Moody’s Downgrades CI Financial’s Debt Ratings
The ratings agency says the move reflects “elevated acquisition-related liabilities and share repurchase activities.”
CI Financial Reports Total Assets of $474.2 Billion for March 2024
All financial amounts in Canadian dollars unless stated otherwise. TORONTO — CI Financial Corp. (“CI”) (TSX: CIX) today reported preliminary total assets of $474.2 billion as at March 31, 2024, consis...
CI Financial Announces First Quarter Earnings Conference Call and Webcast
TORONTO — CI Financial Corp. (“CI”) (TSX: CIX) will release its financial results for the first quarter of fiscal 2024 on Friday, May 10, 2024. CI will hold a conference call with analysts that day at...
CI Financial to Hold Annual Meeting Of Shareholders on June 26, 2024
TORONTO — CI Financial Corp. (“CI”) (TSX: CIX) announced today it will hold its Annual Meeting of Shareholders on June 26, 2024 at 2:00 p.m. EDT. The meeting will be held in a virtual-only format by w...
CI Financial Announces Approval of Proposed Amendments at Debentureholder Meetings
TORONTO — CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation”) announced today it has successfully obtained approval of certain previously announced amendments (the “Proposed Amendments...
Corient Obtains A- Credit Rating
Corient reported during its quarterly earnings call that it is fully severed from parent company CI Financial in all but ownership and debt.
CI Financial Corp. (CIXX) Q4 2023 Earnings Call Transcript
CI Financial reports December total assets of C$444.8 billion
CI Financial reports total assets of $444.8B as of Dec 2023, including $125.0B in asset management assets, $88.0B in Canadian wealth management assets,...
CI Financial reports total assets of C$438B for November
CI Financial reports a significant increase in total assets to C$438B as of November 2023, with strong growth in asset management and wealth management...
CI Financial announces COO Darie Urbanky retirement
CI Financial announces retirement of Darie Urbanky, President & COO. Urbanky to retire by December 31, 2024.
CI Financial reports total assets of C$420.7B for October
CI Financial reported total assets of C$420.7B as of October 31, 2023, comprising asset management, wealth management, and custody assets in Canada and the...
Corient Growth Offsets CI Financial's Q3 Asset Losses in Canada
On an earnings call this week, CEO Kurt MacAlpine said to expect more acquisitions at a less frenzied pace as the company continues to pay down debt.
Canada’s CI Financial Wants to Ramp Up U.S. Acquisitions Again
One of the most aggressive acquirers in the first two years of the decade pumped the brakes on M&A as debt mounted, but its CEO says its deal pipeline is “robust.”
CI Financial Non-GAAP EPS of $0.81 in-line, revenue of $616.5M misses by $56.96M
CI Financial reports Q3 financial results: Non-GAAP EPS in line with expectations, but revenue falls short by $56.96M.