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. The firm was founded in 1965 and is based in Toronto, Canada with additional offices in Vancouver, Canada; Calgary, Canada; and Montreal, Canada.
IPO Year:
Exchange: NYSE
Website: cifinancial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/16/2022 | Outperform → Sector Perform | RBC Capital Mkts | |
| 8/11/2021 | Neutral → Sector Outperform | CIBC |
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RBC Capital Mkts downgraded CI Financial Corp from Outperform to Sector Perform
CIBC upgraded CI Financial Corp from Neutral to Sector Outperform
Royal Bank of Canada upgraded CI Financial from Sector Perform to Outperform
CIBC reiterated coverage of CI Financial with a rating of Neutral and set a new price target of $20.00 from $18.50 previously
BMO Capital Markets reiterated coverage of CI Financial with a rating of Outperform and set a new price target of $23.00 from $22.00 previously
Canaccord Genuity reiterated coverage of CI Financial with a rating of Buy and set a new price target of $25.00 from $24.00 previously
Scotiabank reiterated coverage of CI Financial with a rating of Sector Perform and set a new price target of $21.00 from $22.00 previously
TD Securities reiterated coverage of CI Financial with a rating of Buy and set a new price target of $22.00 from $20.00 previously
Scotiabank reiterated coverage of CI Financial with a rating of Sector Perform and set a new price target of $22.00 from $21.00 previously
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6-K - CI Financial Corp. (0001829948) (Filer)
6-K - CI Financial Corp. (0001829948) (Filer)
6-K - CI Financial Corp. (0001829948) (Filer)
6-K - CI Financial Corp. (0001829948) (Filer)
6-K - CI Financial Corp. (0001829948) (Filer)
6-K - CI Financial Corp. (0001829948) (Filer)
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TORONTO, Jan. 31, 2023 /CNW/ - The team at CI Global Asset Management ("CI GAM"), including Nirujan Kanagasingam, Vice-President, Head of ETF Strategy joined Graham Mackenzie, Head, Exchange-Traded Products, Toronto Stock Exchange, to celebrate the launch of CI Global Minimum Downside Volatility Index ETF (CGDV, CGDV.U) and CI U.S. Minimum Downside Volatility Index ETF (CUDV, CUDV.B) on the Toronto Stock Exchange and to open the market. The ETFs seek to replicate the performance of Solactive indexes that track the performance of diversified portfolios of companies that exhibit lower downside volatility than the broader developed equity markets. CI GAM is one of Canada's largest ETF provide
Q4 asset management net flows were positive $1.9 billion, led by Canadian retail CI's wealth management businesses record $10.4 billion in net flows in 2022 All financial amounts in Canadian dollars unless stated otherwise. CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today reported preliminary total assets of $375.8 billion as at December 31, 2022, consisting of asset management assets of $117.8 billion, Canadian wealth management assets of $77.5 billion, and U.S. wealth management assets of $180.6 billion. CI also reported preliminary net sales results for its asset management businesses for the fourth quarter of 2022. CI's Canadian retail business had net sales of $1.6 billion d
CI Financial Corp. (TSX:CIX, NYSE:CIXX) ("CI") announced today that it has submitted a formal notice to the New York Stock Exchange ("NYSE") of its decision to voluntarily delist its common shares from NYSE. Following the proposed delisting, CI expects that it will suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The common shares will continue to be listed and traded on the Toronto Stock Exchange under the symbol "CIX" and CI will remain a reporting issuer in Canada. The plan for the proposed U.S. delisting was initially outlined in CI's Q3 2022 corporate earnings communications. As previously announced, CI intends to undertake
CI Financial Corp. (TSX:CIX, NYSE:CIXX) ("CI"), the parent of CI US Holdings Inc. ("CI US"), confirms that CI US has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC"), relating to a proposed initial public offering of common stock of CI US. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions. The company is making the announcement at this time to be responsive to numerous requests for an update on the status of the submission
All financial amounts in Canadian dollars unless stated otherwise. CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today reported preliminary total assets of $384.9 billion as at November 30, 2022, an all-time month-end high for the company. The total consisted of asset management assets of $121.7 billion, Canadian wealth management assets of $79.9 billion, and U.S. wealth management assets of $183.3 billion. On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth man
Selection highlights CI's commitment to professional development, pandemic support for employees CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) has been named one of Greater Toronto's Top Employers for 2023, an award that recognizes firms with progressive human resources practices and programs. "Our employees are our greatest assets and we're committed to investing in their development and providing meaningful opportunities for growth," said CI Chief Executive Officer Kurt MacAlpine. "We're incredibly proud of our staff. They continue to perform at a high level and achieved significant milestones in the strategic transformation of our company." "We know that to fuel a high-performance c
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) announced today that it has entered into an agreement to sell debentures with an aggregate principal amount of $400 million, maturing on December 2, 2025. The 2025 debentures have a term of three years and carry an interest rate of 7.00% payable semi-annually. The debentures have a provisional rating of BBB (Stable) by DBRS, Baa2 (Stable) by Moody's, and BBB- (Negative) by Standard & Poor's. The offering is being made under CI's previously filed base shelf prospectus dated November 18, 2022 and is being led by RBC Capital Markets, CIBC Capital
All financial amounts in Canadian dollars unless stated otherwise. CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today reported preliminary total assets of $364.3 billion as at October 31, 2022, consisting of asset management assets of $116.3 billion, Canadian wealth management assets of $76.2 billion, and U.S. wealth management assets of $171.9 billion. In October, CI completed two U.S. acquisitions: the Boston-based team and assets of Eaton Vance WaterOak Advisors, which is now known as CI Eaton Private Wealth, and Inverness Counsel, LLC of New York, which has been rebranded CI Inverness Private Wealth. CI FINANCIAL CORP. October 31, 2022 PRELIMINARY MONTH-END ASSETS (C$ Billion
CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) will release its financial results for the third quarter of fiscal 2022 on Thursday, November 10, 2022. CI will hold a conference call with analysts that day at 9:00 a.m. EST, led by Chief Executive Officer Kurt MacAlpine and Chief Financial Officer Amit Muni. A live webcast of the call and slide presentation can be accessed here, or through the Investor Relations section of CI's website. Alternatively, investors may listen to the discussion through the following numbers (access code: 442598): Canada toll-free: 1-833-950-0062 United States toll-free: 1-844-200-6205 United States (New York local): 1-646-904-5544 All other locations: 1-
Positive Canadian asset management flows for the quarter with $600 million in Canadian retail All financial amounts in Canadian dollars unless stated otherwise. CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today reported preliminary total assets of $338.1 billion as at September 30, 2022, consisting of asset management assets of $114.2 billion, Canadian wealth management assets of $74.0 billion, and U.S. wealth management assets of $149.9 billion. CI also reported preliminary net sales results for its asset management businesses for the third quarter of 2022. Overall, CI had net sales of $0.2 billion, driven by Canadian retail with net sales of $0.6 billion. CI FINANCIAL CORP. Sep
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CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) announces it is the winner of a 2022 Digital Transformation Award (Large Private Sector category), which recognizes CI's success in implementing emerging digital technologies across its organization. "Our digital transformation is critical to the future of our business and a competitive advantage for our firm," said Darie Urbanky, CI President and Chief Operating Officer. "We're honoured to be identified as a leader and model for other companies. "CI started its digital transformation program three years ago focused on the key principles of delivering value to our clients, achieving concrete results that improve our efficiency, adopting conti
Veteran U.S.-based lawyer brings 35 years of banking and business law experience CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today announced the appointment of Sarah M. Ward to its Board of Directors, effective immediately. Ms. Ward is a lawyer with more than 35 years' experience working in corporate finance on behalf of some of the world's largest companies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220210005293/en/Sarah M. Ward has been appointed to the CI Financial Board of Directors. (Photo: Business Wire) Ms. Ward recently retired from global law firm Skadden, Arps, Slate, Meagher & Flom LLP ("Skadden"), where she w
CI Financial Corp. (the "Corporation") announced the results of matters voted upon at its annual meeting of shareholders held on June 16, 2021. All nominated directors were elected with voting results tabulated as follows: Nominee Votes For % For Votes Withheld % Withheld William E. Butt 136,125,610 99.30% 966,168 0.70% Brigette Chang-Addorisio 133,349,263 97.27% 3,742,515 2.73% William T. Holland 128,999,345 94.10% 8,092,433 5.90% Kurt MacAlpine 135,569,816 98.89% 1,521,962 1.11% David P. Miller 112,893,140 82.35% 24,198,638 17.65% Tom P. Muir 132,555,204 96.69% 4,536,574 3
TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) today announced the appointment of Marc-André Lewis, an accomplished investment professional with extensive global experience, as its Executive Vice-President and Head of Investment Management. Mr. Lewis is joining CI GAM from the Abu Dhabi Investment Authority (“ADIA”), one of the world’s largest sovereign wealth funds, where he was Head of Portfolio Construction. In this role, his responsibilities included strategic asset allocation, quantitative research and alternative indexing activities at the organization, as well as sitting on the executive committee and tactical asset allocation committee for its Strategy an
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All financial amounts in Canadian dollars unless stated otherwise. CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today reported preliminary total assets of $384.9 billion as at November 30, 2022, an all-time month-end high for the company. The total consisted of asset management assets of $121.7 billion, Canadian wealth management assets of $79.9 billion, and U.S. wealth management assets of $183.3 billion. On November 10, 2022, CI completed the acquisition of Kore Private Wealth, LLC, a New York City-based registered investment advisor that focuses on meeting the unique and complex needs of ultra-high-net-worth individuals and families through comprehensive, interdisciplinary wealth man
CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) will release its financial results for the third quarter of fiscal 2022 on Thursday, November 10, 2022. CI will hold a conference call with analysts that day at 9:00 a.m. EST, led by Chief Executive Officer Kurt MacAlpine and Chief Financial Officer Amit Muni. A live webcast of the call and slide presentation can be accessed here, or through the Investor Relations section of CI's website. Alternatively, investors may listen to the discussion through the following numbers (access code: 442598): Canada toll-free: 1-833-950-0062 United States toll-free: 1-844-200-6205 United States (New York local): 1-646-904-5544 All other locations: 1-
CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) will release its financial results for the second quarter of fiscal 2022 on Thursday, August 11, 2022. CI will hold a conference call with analysts that day at 9:00 a.m. EDT, led by Chief Executive Officer Kurt MacAlpine and Chief Financial Officer Amit Muni. A live webcast of the call and slide presentation can be accessed here, or through the Investor Relations section of CI's website. Alternatively, investors may listen to the discussion through the following numbers (access code: 884850): Canada toll-free: 1-833-950-0062 United States toll-free: 1-844-200-6205 United States (New York local): 1-646-904-5544 All other locations: 1-9
Not for Dissemination to U.S. Newswire Services or for Dissemination in the United States of America CI Global Asset Management ("CI GAM") announces the following regular cash distributions for the month ending May 31, 2022 in respect of the CI ETFs. In all cases, the distribution will be paid on or before May 31, 2022 to unitholders of record on May 25, 2022. The ex-dividend date for all ETFs is May 24, 2022, with the exception of CI High Interest Savings ETF, which has an ex-dividend date of May 25, 2022. Trading Symbol Distribution Amount (per unit) CI Canadian Convertible Bond ETF CXF $0.0400 CI Short Term Government Bond Index Class ETF FGB $0.0263
CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) will release its financial results for the first quarter of fiscal 2022 on Thursday, May 12, 2022. CI will hold a conference call with analysts that day at 9:00 a.m. EDT, led by Chief Executive Officer Kurt MacAlpine and Chief Financial Officer Amit Muni. A live webcast of the call and slide presentation can be accessed here, or through the Investor Relations section of CI's website. Alternatively, investors may listen to the discussion through the following numbers (access code: 581835): Canada toll-free: 1-833-950-0062 United States toll-free: 1-844-200-6205 United States (New York local): 1-646-904-5544. All other locations: 1-929-
Basic EPS of $0.63 or record adjusted EPS1 of $0.87 EBITDA per share of $1.21 or record adjusted EBITDA1 per share of $1.41 Record total assets of $384.1 billion, a year-over-year increase of 65.9% Record asset gathering of $6.6 billion in net flows across wealth and asset management in 2021 Completed eight RIA acquisitions with combined assets of $43.3 billion Made strategic investments in two alternative asset managers, Columbia Pacific Advisors and GLAS Funds U.S. wealth management surpassed $100 billion in assets to become CI's largest business with $151.3 billion in assets, up from zero two years ago Paid quarterly dividend of $0.18 a share, totalling $35.6 million F
CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) will release its financial results for the fourth quarter of fiscal 2021 on Tuesday, February 22, 2022. CI will hold a conference call with analysts that day at 10:00 a.m. Eastern Time, led by Chief Executive Officer Kurt MacAlpine and Chief Financial Officer Amit Muni. A live webcast of the call and slide presentation can be accessed here, or through the Investor Relations section of CI's website. Alternatively, investors may listen to the discussion through the following numbers (access code: 635152): Canada toll-free: 1-833-950-0062 United States: 1-844-200-6205 United States (New York local): 1-646-904-5544. About CI Financial CI
U.S. wealth management becomes CI's largest business line by assets with 17 transactions adding over US$90 billion in 2021 CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX) today announced it has completed the acquisitions of four registered investment advisor firms, adding approximately US$24 billion in assets to its U.S. CI Private Wealth business ("CI Private Wealth"). The acquired RIAs are Columbia Pacific Wealth Management (CPWM, LLC) ("CPWM") of Seattle, Gofen & Glossberg, LLC ("Gofen") of Chicago, RegentAtlantic Capital, LLC ("RegentAtlantic") of Morristown, N.J., and R.H. Bluestein & Co. ("Bluestein") of Birmingham, Mich. CI has also completed the acquisition of minority stakes in al
Record quarterly adjusted EPS1 of $0.80; basic EPS at $0.22 Record adjusted EBITDA1 per share of $1.30; EBITDA per share of $0.71 Record total assets of $320.4 billion, an increase of $126.0 billion or 65% year over year Asset management net sales of $821 million at highest level since Q2-2015 Acquired two U.S. private wealth firms, Portola Partners and Radnor Financial Advisors, adding $10.1 billion and increasing U.S. assets to $97.0 billion Following quarter-end, completed acquisition of Budros, Ruhlin & Roe and agreed to acquire McCutchen Group, R.H. Bluestein, Gofen and Glossberg, and GLAS Funds, boosting U.S. assets to $122.3 billion (US$98.7 billion) Continued asset man
RGT Wealth Advisors, LLC ("RGT"), a subsidiary of CI Financial Corp. ("CI") (TSX:CIX, NYSE:CIXX), today announced that it has acquired Odyssey Wealth Management, LLC ("Odyssey"), a Dallas-area registered investment advisor ("RIA") dedicated to delivering comprehensive wealth management solutions to a high- and ultra-high-net-worth clientele. The combination of RGT and Odyssey, which manages over $200 million in assets from offices in Plano, Texas, brings RGT's total assets to approximately $5.5 billion and further solidifies the firm's leadership in the Dallas region and the state of Texas. This acquisition will combine two like-minded firms with complementary client philosophies and servi