Wilbanks Smith & Thomas Asset Management LLC Acquires 12,663 Shares of CI Financial Corp. (NYSE:CIXX)

Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of CI Financial Corp. (NYSE:CIXXGet Rating) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,853 shares of the company’s stock after purchasing an additional 12,663 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in CI Financial were worth $1,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. DGS Capital Management LLC acquired a new stake in shares of CI Financial during the 4th quarter worth approximately $245,000. Laurus Investment Counsel Inc. boosted its position in shares of CI Financial by 12.8% during the 4th quarter. Laurus Investment Counsel Inc. now owns 12,875 shares of the company’s stock worth $344,000 after acquiring an additional 1,465 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CI Financial by 50.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,473 shares of the company’s stock worth $608,000 after acquiring an additional 9,878 shares in the last quarter. Guinness Asset Management LTD boosted its position in shares of CI Financial by 75.1% during the 3rd quarter. Guinness Asset Management LTD now owns 33,800 shares of the company’s stock worth $686,000 after acquiring an additional 14,500 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of CI Financial during the 3rd quarter worth approximately $734,000. 43.95% of the stock is currently owned by institutional investors.

CIXX has been the topic of a number of research analyst reports. BMO Capital Markets cut their target price on shares of CI Financial from C$35.00 to C$32.00 in a research report on Tuesday, February 22nd. Royal Bank of Canada cut their target price on shares of CI Financial from C$34.00 to C$29.00 in a research report on Wednesday, February 23rd. Zacks Investment Research lowered shares of CI Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 11th. Scotiabank cut their target price on shares of CI Financial from C$29.00 to C$27.00 in a research report on Wednesday, February 23rd. Finally, TD Securities cut their target price on shares of CI Financial from C$28.00 to C$24.00 in a research report on Wednesday, February 23rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $28.83.

Shares of NYSE:CIXX traded down $0.41 during mid-day trading on Friday, reaching $13.04. 58,472 shares of the company’s stock were exchanged, compared to its average volume of 60,254. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.60 and a beta of 1.05. The business’s fifty day moving average price is $15.44 and its 200-day moving average price is $19.07. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.68 and a current ratio of 0.68. CI Financial Corp. has a twelve month low of $13.02 and a twelve month high of $24.52.

CI Financial (NYSE:CIXXGet Rating) last announced its earnings results on Tuesday, February 22nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). CI Financial had a return on equity of 39.67% and a net margin of 15.02%. The firm had revenue of $605.24 million for the quarter. Analysts predict that CI Financial Corp. will post 2.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.1413 per share. This represents a $0.57 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, June 29th. CI Financial’s dividend payout ratio is presently 35.63%.

About CI Financial (Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding CIXX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CI Financial Corp. (NYSE:CIXXGet Rating).

Institutional Ownership by Quarter for CI Financial (NYSE:CIXX)

Receive News & Ratings for CI Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial and related companies with MarketBeat.com's FREE daily email newsletter.