CI Financial Corp (CIX) Director Roy Ratnavel Acquires 10,000 Shares
CI Financial Corp (TSE:CIX) Director Roy Ratnavel bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of C$26.76 per share, with a total value of C$267,600.00.
Roy Ratnavel also recently made the following trade(s):
- On Tuesday, August 15th, Roy Ratnavel bought 15,000 shares of CI Financial Corp stock. The stock was purchased at an average price of C$26.86 per share, with a total value of C$402,900.00.
Shares of CI Financial Corp (TSE CIX) traded up 0.86% during midday trading on Tuesday, reaching $27.00. 496,584 shares of the company’s stock traded hands. CI Financial Corp has a 12 month low of $23.52 and a 12 month high of $29.94. The firm has a market cap of $7.03 billion and a PE ratio of 14.74. The stock has a 50-day moving average price of $27.31 and a 200 day moving average price of $27.02.
The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Tuesday, August 29th.
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Several equities research analysts recently issued reports on the stock. Barclays PLC reiterated an “overweight” rating and issued a C$30.00 target price on shares of CI Financial Corp in a research note on Thursday, May 11th. Scotiabank raised their target price on shares of CI Financial Corp from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, TD Securities raised their target price on shares of CI Financial Corp from C$28.00 to C$29.00 and gave the company a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$28.60.
CI Financial Corp 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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