CI Financial (NYSE:CIXXF) Sees Large Volume Increase

Shares of CI Financial Corp. (NYSE:CIXXF) saw an uptick in trading volume on Tuesday . 51,668 shares traded hands during trading, an increase of 240% from the previous session’s volume of 15,186 shares.The stock last traded at $13.50 and had previously closed at $13.56.

CI Financial Stock Up 1.3 %

The company has a fifty day simple moving average of $12.57 and a 200 day simple moving average of $11.84. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 3.53. The firm has a market capitalization of $2.09 billion, a P/E ratio of -15.68 and a beta of 1.35.

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

CI Financial Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.1471 per share. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 4.37%. CI Financial’s payout ratio is currently -67.05%.

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.