CI Financial Corp (TSE:CIX) Director Roy Ratnavel sold 416 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of C$29.61, for a total transaction of C$12,317.76.

Shares of CI Financial Corp (CIX) traded up C$0.05 on Tuesday, reaching C$29.54. 497,281 shares of the company’s stock were exchanged, compared to its average volume of 471,133. CI Financial Corp has a twelve month low of C$25.79 and a twelve month high of C$29.73.

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Wednesday, November 29th. CI Financial’s dividend payout ratio (DPR) is presently 74.07%.

CIX has been the topic of several research analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a C$29.00 price target on shares of CI Financial in a research report on Monday, September 18th. CIBC boosted their price target on shares of CI Financial from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Tuesday, October 3rd. Barclays boosted their price target on shares of CI Financial from C$30.00 to C$32.00 in a research report on Monday, October 30th. Desjardins boosted their price target on shares of CI Financial from C$28.00 to C$29.00 in a research report on Tuesday, October 31st. Finally, TD Securities boosted their price target on shares of CI Financial from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. CI Financial has a consensus rating of “Hold” and a consensus target price of C$29.86.

ILLEGAL ACTIVITY NOTICE: This news story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/12/19/roy-ratnavel-sells-416-shares-of-ci-financial-corp-cix-stock.html.

CI Financial 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.

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

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.