CI Financial (NYSE:CIXXF) Stock Rating Lowered by TD Securities

TD Securities cut shares of CI Financial (NYSE:CIXXF) from a strong-buy rating to a strong sell rating in a research report report published on Wednesday morning,Zacks.com reports.

Separately, Keefe, Bruyette & Woods lowered CI Financial from a “moderate buy” rating to a “hold” rating in a research note on Monday.

CI Financial Trading Up 0.3 %

Shares of CI Financial stock opened at $22.11 on Wednesday. CI Financial has a twelve month low of $10.01 and a twelve month high of $22.70. The firm’s 50-day moving average price is $15.77 and its 200 day moving average price is $12.97. 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 firm 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 announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.1471 dividend. This represents a dividend yield of 4.37%. The ex-dividend date was Friday, September 27th. CI Financial’s dividend payout ratio (DPR) is -178.78%.

About CI Financial

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.