CIBC reiterated coverage on CI Financial with a new price target
$CIXX
CIBC reiterated coverage of CI Financial with a rating of Neutral and set a new price target of $20.00 from $18.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/16/2022 | Outperform → Sector Perform | RBC Capital Mkts | |
| 8/11/2021 | Neutral → Sector Outperform | CIBC |
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
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
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
15-12G - CI Financial Corp. (0001829948) (Filer)
6-K - CI Financial Corp. (0001829948) (Filer)
S-8 POS - CI Financial Corp. (0001829948) (Filer)
SC 13G - CI Financial Corp. (0001829948) (Subject)
SC 13G - CI Financial Corp. (0001829948) (Subject)
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
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 a
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,