CI Financial Corp (CIX.TO) Buy, Sell or Hold

CI Financial Corp (CIX.TO)

31.99

-0.00 (0.00%)

as of Aug 14, 2025, 8:00:00 pm Market Open.

105 watching

WAIT

He's on the fence. Strategically, now going in the right direction away from low-fee asset management. But they've been on a real spree of acquisitions. Wait and see if they get a return on investment dollars. A show-me story.

DON'T BUY

Wouldn't buy. On the surface, yield of 4.6% appears competitive. Cut the dividend by 50% in 2018. Strategically making the right moves by making acquisitions into high net worth asset management, which has better demographics and margins. But what's the return going to be? Earnings have flatlined. Value trap.

PAST TOP PICK

(A Top Pick May 02/19, Down 25%) He got stopped out. It was a value play. It was cheap at $15. He doesn't know how retailer investors will respond to this current uncertainty. The mutual fund business was facing headwinds before the pandemic. He won't buy back his shares.

DON'T BUY

It's cheap and a pretty well run business, but the mutual fund business is not as good as it was 10-15 years ago. Fees in the financial services sector are under pressure. The long term challenges in the industry would keep him away from the stock.

BUY ON WEAKNESS

A big Canadian mutual fund company. A go-go stock for many years and a fast-grower, but is now under pressure like the sector. Still produces a lot of fresh cash flow. It's in trading range of $18-23. Pays a nice dividend.

WEAK BUY

Optimal period is between October and February. Positive in 15 of last 20 periods. Charts show a downtrend. We have a breakout. Trading above moving averages, has momentum. New trend should carry it higher. Technicals do look supportive.

TOP PICK

They are facing some challenges as money moves from active to passive management. They are very profitable and have lots of free cash flow. They buy back shares and have a decent dividend. (Analysts’ price target is $21.33)

DON'T BUY

The sector's been difficult as a whole. Money flowing into ETFs, which puts pressure on fees and margins. No growth in the sector. She wouldn't pick any companies in the sector.

WATCH

He's watching it closely. Disclosure: A colleague of his sits on their board. A good business. CI can transition from mutual funds into private wealth management. They have a good cost structure. At $17, they're buying back lots of stock, but using debt to do so. They suffered a huge correction last year. But he's closely watching this as a serious buy. 4.1% dividend.

PAST TOP PICK

(A Top Pick Aug 22/17, Down 26%) Pared back his holding. High 42% ROE, but the market doesn't see it as a growth stock; their Century acquisition was over-expensive. It's good that they're buying back shares. It's very cheap now, but has terrible price momentum. He needs to see a bottom with this stock.

SELL

Sold it around $21. Customers are moving from Mutual Funds to ETFs. This is affecting them. The fact that the Canadian Market hasn’t done so well it also affected them as they are not as global in nature. (Analysts’ price target is $24.88)

HOLD

Cut dividend and guidance as to when elevated outflows will stop. Payout ratio is fine at 30%. Buying back stock instead. He’s modelling that assets under management will stabilize back to 2017 levels. At 8.1x 2019 earnings, really cheap. Some performance issues. Worth holding if you own it. Write a put on it.

DON'T BUY

It's really struggled this year. A problem for all asset managers is an ongoing price war led by the banks. As a result, CI has had to cut fees, but also halved their dividend (last month). Also, their key funds are underperforming. The organic growth is gone. This is a value trap. Avoid.

HOLD

It is a well run company that has done a phenomenal job. They are facing a lot of pressure in terms of fees and how to grow when they are already so big. They are in a bit of a no-man's land. They cut their dividend to buy back shares. It sends the wrong message to some investors.

HOLD

Cheap stock. 6% dividend yield with a 55% payout ratio. They had poor performance. Management if guiding at more outflows. Regulatory concerns have proved to turn out better than many people thought. It is not going to do the heavy lifting for your portfolio but getting your dividend you will be OK.

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CI Financial Corp (CIX.TO)