CI Financial (NYSE:CIXXF) Cut to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of CI Financial (NYSE:CIXXF) from a moderate buy rating to a hold rating in a report published on Monday,Zacks.com reports.

CI Financial Price Performance

CIXXF stock opened at $22.11 on Monday. The business’s fifty day moving average price is $15.77 and its 200 day moving average price is $12.97. CI Financial has a 12-month low of $10.01 and a 12-month high of $22.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $3.19 billion, a PE ratio of -67.00 and a beta of 1.31.

CI Financial Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.1471 dividend. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 4.37%. CI Financial’s dividend payout ratio (DPR) is -178.78%.

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.