Insider Selling: CI Financial Corp (CIX) Director Sells 8,100 Shares of Stock

CI Financial Corp (TSE:CIX) Director David C. Pauli sold 8,100 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$18.29, for a total transaction of C$148,149.00. Following the completion of the transaction, the director now directly owns 567,100 shares of the company’s stock, valued at approximately C$10,372,259.

CIX stock traded up C$0.04 on Friday, hitting C$18.02. 5,348,600 shares of the company were exchanged, compared to its average volume of 704,128. CI Financial Corp has a twelve month low of C$16.47 and a twelve month high of C$28.89. The company has a debt-to-equity ratio of 104.94, a quick ratio of 0.57 and a current ratio of 1.03. The firm has a market capitalization of $4.38 billion and a price-to-earnings ratio of 7.57.

CI Financial (TSE:CIX) last issued its quarterly earnings results on Friday, February 8th. The company reported C$0.57 EPS for the quarter, hitting the consensus estimate of C$0.57. The company had revenue of C$529.20 million for the quarter. As a group, equities analysts forecast that CI Financial Corp will post 2.45000021242384 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on CIX shares. CIBC cut their price objective on shares of CI Financial from C$22.00 to C$21.00 in a research report on Monday, January 14th. Barclays cut their price objective on shares of CI Financial from C$21.00 to C$19.00 in a research report on Monday, January 21st. Desjardins cut their price objective on shares of CI Financial from C$21.00 to C$20.00 in a research report on Monday, February 4th. Canaccord Genuity cut their price objective on shares of CI Financial from C$24.00 to C$22.00 in a research report on Wednesday, January 30th. Finally, Royal Bank of Canada cut their price objective on shares of CI Financial from C$20.00 to C$17.00 in a research report on Tuesday, January 15th.

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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.

See Also: Stock Symbols and CUSIP Explained

Insider Buying and Selling by Quarter for CI Financial (TSE:CIX)

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