View Future GrowthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsCI Financial 과거 순이익 실적과거 기준 점검 0/6CI Financial 의 수입은 연평균 -60.3%의 비율로 감소해 온 반면, Capital Markets 산업은 연평균 6.3%의 비율로 증가했습니다. 매출은 연평균 12.2%의 비율로 증가해 왔습니다.핵심 정보-60.27%순이익 성장률-60.78%주당순이익(EPS) 성장률Capital Markets 산업 성장률10.26%매출 성장률12.21%자기자본이익률-60.90%순이익률-8.30%최근 순이익 업데이트30 Jun 2025최근 과거 실적 업데이트공시 • Nov 01CI Financial Corp. to Report Q3, 2024 Results on Nov 14, 2024CI Financial Corp. announced that they will report Q3, 2024 results on Nov 14, 2024공시 • Jul 16CI Financial Corp. to Report Q2, 2024 Results on Aug 08, 2024CI Financial Corp. announced that they will report Q2, 2024 results on Aug 08, 2024공시 • Apr 20CI Financial Corp. to Report Q1, 2024 Results on May 10, 2024CI Financial Corp. announced that they will report Q1, 2024 results After-Market on May 10, 2024공시 • Jan 30CI Financial Corp. to Report Q4, 2023 Results on Feb 23, 2024CI Financial Corp. announced that they will report Q4, 2023 results on Feb 23, 2024공시 • Oct 20CI Financial Corp. to Report Q3, 2023 Results on Nov 09, 2023CI Financial Corp. announced that they will report Q3, 2023 results on Nov 09, 2023공시 • Jul 26CI Financial Corp. to Report Q2, 2023 Results on Aug 10, 2023CI Financial Corp. announced that they will report Q2, 2023 results on Aug 10, 2023모든 업데이트 보기Recent updates공시 • Aug 14+ 1 more updateCI Financial Corp. Announces Board ChangesCI Financial Corp. (“CI” or the “Corporation”) and Mubadala Capital announced the successful completion, effective August 12, 2025, of the previously announced acquisition of CI, one of North America’s leading diversified asset and wealth management companies. The CAD 12.1-billion transaction marks a significant milestone in Mubadala Capital’s growth ambitions, accelerating its expansion into private wealth management and cementing its position at the forefront of a rapidly evolving sector. In connection with completion of the Arrangement, William Butt, Brigette Chang, Paul J. Perrow and Sarah Ward have resigned as directors of CI and were replaced by Samuel Merksamer, Murat Konuk and Glyn Barker. William Holland and Kurt MacAlpine will remain as directors of CI following completion of the Arrangement. Mr. Merksamer is an Executive Director at Mubadala Capital (since 2024). He previously was a Partner at One Investment Management from 2022 to 2024. Prior to then, Mr. Merksamer was a Partner at SoftBank Investment Advisers and a Managing Director at SB Management, an affiliate of SoftBank, from 2019 to 2022. From 2017 to 2019, he was a co-founder of Caligan Partners, L.P., an investment firm. Mr. Merksamer was a Managing Director of Icahn Capital LP, a subsidiary of Icahn Enterprises L.P., from 2008 to 2016. Mr. Merksamer has an A.B. degree, Economics from Cornell University. Mr. Konuk joined Mubadala Capital in 2023 and is a Senior Principal on the Private Equity Team. Prior to joining Mubadala Capital, Mr. Konuk worked at a number of private equity firms, including Blackstone and Castle Harlan. Mr. Konuk graduated from Rice University with a B.A. in Mathematical Economic Analysis. Mr. Barker was Managing Partner of PricewaterhouseCoopers LLP UK (“PwC”) from 2006 to 2008 and then served as Vice Chairman from 2008 to 2011. Mr. Barker joined PwC in 1975 and became an audit partner in 1987. He then established PwC's private equity-focused Transactions Services business and led the UK Audit Practice. Since leaving PwC in 2012, Mr. Barker has served as a director of several public companies including Aviva plc (Senior Independent Director), Berkeley Group Holdings plc (Chairman) and Transocean Limited. Mr. Barker received his Bachelor of Science degree in Economics & Accounting from the University of Bristol in 1975 and is a Chartered Accountant.공시 • Aug 12+ 3 more updatesCI Financial Corp.(TSX:CIX) dropped from S&P Global BMI IndexCI Financial Corp.(TSX:CIX) dropped from S&P Global BMI Index공시 • May 15CI Financial Corp., Annual General Meeting, Jun 30, 2025CI Financial Corp., Annual General Meeting, Jun 30, 2025.공시 • Nov 25CI Financial to Delist from Toronto Stock Exchange Following Closing of the TransactionCI Financial Corp. announced that it has entered into a definitive agreement with an affiliate of Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, to take CI private in a transaction that values CI’s equity at approximately $4.7 billion and implies an enterprise value of approximately $12.1 billion. Following the closing of the transaction, CI will continue to operate with its current structure and management team and will be independent of Mubadala Capital’s other portfolio businesses. CI’s debentures and notes are expected to remain outstanding following closing of the transaction and the financing for the transaction has been structured to maintain CI’s long-term issuer and senior unsecured debt ratings of Baa3 (Stable) by Moody’s. CI’s shares will be delisted from the Toronto Stock Exchange following closing of the transaction; however, CI is expected to remain a reporting issuer under applicable Canadian securities laws as a result of its debentures and notes remaining outstanding. Holders of outstanding shares of preferred equity in CI’s subsidiary, Corient Holdings Inc., have agreed to waive and amend certain liquidity and other rights in connection with the transaction through the closing of the transaction. Mubadala Capital intends to fund up to $750 million of additional cash at closing to reduce the preferred equity outstanding. Following the closing, the parties will continue prioritizing the maintenance of CI’s investment grade senior unsecured debt ratings.공시 • Nov 01CI Financial Corp. to Report Q3, 2024 Results on Nov 14, 2024CI Financial Corp. announced that they will report Q3, 2024 results on Nov 14, 2024공시 • Jul 16CI Financial Corp. to Report Q2, 2024 Results on Aug 08, 2024CI Financial Corp. announced that they will report Q2, 2024 results on Aug 08, 2024공시 • Jun 01CI Financial Corp. (TSX:CIX) announces an Equity Buyback for 5,000,000 shares, representing 3.3% for CAD 77.5 million.CI Financial Corp. (TSX:CIX) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to 5,000,000 shares, representing 3.3% of its issued share capital for CAD 77.5 million. The shares will be repurchased at a price of CAD 15.5 per share. If more than the maximum number of shares are validly deposited and not withdrawn, then first, the corporation will purchase all shares validly tendered by shareholders who own fewer than 100 shares (the Odd Lot Holders), and then, in the event Odd Lot Holders have tendered less than the maximum number, the corporation will purchase all shares tendered on a pro rata basis according to the number of shares deposited or deemed to be deposited by the depositing shareholders, less the number of shares purchased from Odd Lot Holders (with adjustments to avoid the purchase of fractional shares). The bid will expire on July 8, 2024, unless extended or withdrawn. As of May 30, 2024, the company had 151,383,085 issued and outstanding shares.공시 • May 10CI Financial Corp. Announces Quarterly Dividend, Payable on October 15, 2024CI Financial Corp. announced that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of CI's common stock. The dividend will be payable on October 15, 2024 to shareholders of record as of September 30, 2024.공시 • Apr 20CI Financial Corp. to Report Q1, 2024 Results on May 10, 2024CI Financial Corp. announced that they will report Q1, 2024 results After-Market on May 10, 2024공시 • Apr 13CI Financial Corp., Annual General Meeting, Jun 26, 2024CI Financial Corp., Annual General Meeting, Jun 26, 2024, at 14:00 US Eastern Standard Time.공시 • Feb 23CI Financial Corp. Declares Quarterly Dividend, Payable on July 15, 2024The Board of Directors of CI Financial Corp. declared a quarterly dividend of $0.20 per share, payable on July 15, 2024 to shareholders of record as of June 28, 2024.공시 • Jan 30CI Financial Corp. to Report Q4, 2023 Results on Feb 23, 2024CI Financial Corp. announced that they will report Q4, 2023 results on Feb 23, 2024공시 • Dec 21CI Financial Corp. Announces Executive ChangesCI Financial Corp. announced that Darie Urbanky, President, Chief Operating Officer and Head of CI Global Asset Management (“CI GAM”), has decided to retire on or before December 31, 2024. Effective January 1, 2024, Marc-André Lewis, Chief Investment Officer of CI GAM, will assume the role of co-head of CI GAM. Mr. Lewis will retain his current responsibilities as CIO. Mr. Urbanky joined CI in 1996 in its Information Technology department, where he spent 20 years in progressively more senior roles before being named Chief Technology Officer in 2016. He was promoted to Chief Operating Officer in 2018 and named President in 2019.공시 • Nov 12CI Financial Corp. (TSX:CIX) announces an Equity Buyback for CAD 100 million worth of its shares.CI Financial Corp. (TSX:CIX) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to $100 million worth of its outstanding shares. The shares will be tendered at a price of not less than $13.64 per share and not more than $15.28 per share. The shares purchased under the offer will be cancelled. If the aggregate cost to purchase the tendered shares exceeds $100 million, the company will accept such shares on a pro-rata basis after giving effect to “odd lot” tenders, which will not be subject to pro-ration. The bid will expire on December 18, 2023, unless extended or withdrawn. As of November 9, 2023, the company had 162,784,729 shares in issue.공시 • Nov 10CI Financial Corp. Declares Quarterly Dividend, Payable on April 15, 2024CI Financial Corp. declared a quarterly dividend of $0.20 per share, payable on April 15, 2024 to shareholders of record as of March 28, 2024.공시 • Oct 20CI Financial Corp. to Report Q3, 2023 Results on Nov 09, 2023CI Financial Corp. announced that they will report Q3, 2023 results on Nov 09, 2023공시 • Aug 11+ 1 more updateCI Financial Corp. (TSX:CIX) signed an agreement to acquire Coriel Capital Inc.CI Financial Corp. (TSX:CIX) signed an agreement to acquire Coriel Capital Inc. on August 10, 2023. The transaction is expected to close in the fourth quarter of this year. Blair Franklin Capital Partners Inc. served as financial advisor to Coriel and Davies Ward Phillips & Vineberg LLP was legal advisor. CI’s legal advisor was Blake, Cassels & Graydon LLP.공시 • Jul 26CI Financial Corp. to Report Q2, 2023 Results on Aug 10, 2023CI Financial Corp. announced that they will report Q2, 2023 results on Aug 10, 2023공시 • Jul 14Audax Management Company, LLC and the management of Congress Wealth Management completed the acquisition of unknown minority stake in Congress Wealth Management, LLC from CI Financial Corp. (TSX:CIX).Audax Management Company, LLC and the management of Congress Wealth Management agreed to acquire unknown minority stake in Congress Wealth Management, LLC from CI Financial Corp. (TSX:CIX) on April 27, 2023. CI Financial Corp sold 45% stake in the transaction. Audax is partnering with management on the investment to recapitalize Congress. CI received a return of approximately three times its initial investment in Congress and will use the proceeds from the transaction to pay down debt. The transaction is expected to close in May 2023. Daniel A. Guerin, Jeffrey Seifman, Benjamin J. Dionne, Whitney L. Bosworth, Alexander Flynn-Tabloff, Ashley S. Gregory and Rachel L. Cantor of Kirkland & Ellis LLP acted as legal advisor to Audax Management Company in the transaction. Gladstone Associates, LLC served as advisor for the transaction. ArentFox Schiff LLP acted as legal advisor to Congress Wealth Management. Audax Management Company, LLC and the management of Congress Wealth Management completed the acquisition of unknown minority stake in Congress Wealth Management, LLC from CI Financial Corp. (TSX:CIX) on April 27, 2023.공시 • May 12+ 1 more updateCi Financial Corp. Declares Quarterly Dividend, Payable on October 13, 2023CI Financial Corp. declared a quarterly dividend of $0.18 per share, payable on October 13, 2023 to shareholders of record on September 29, 2023.공시 • Jan 24CI Financial Corp. to Report Q4, 2022 Results on Feb 24, 2023CI Financial Corp. announced that they will report Q4, 2022 results on Feb 24, 2023Seeking Alpha • Dec 22CI financial reports November AUM at an all time highCI Financial (NYSE:CIXX) reported preliminary total assets of C$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 C$121.7 billion, Canadian wealth management assets of C$79.9 billion, and U.S. wealth management assets of C$183.3 billion. Source: Press ReleaseUpcoming Dividend • Dec 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.7%).Recent Insider Transactions • Dec 21Chairman of the Board recently bought US$762k worth of stockOn the 16th of December, William Holland bought around 78k shares on-market at roughly US$9.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$10m worth in shares.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sarah Ward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CA$1.51 loss per share (further deteriorated from CA$1.06 loss in 3Q 2021). Net loss: CA$279.5m (loss widened 41% from 3Q 2021). Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 7.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • Nov 11Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CA$1.64 loss per share (down from CA$0.22 profit in 3Q 2021). Net loss: CA$279.5m (down CA$323.3m from profit in 3Q 2021). Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year.Seeking Alpha • Nov 10CI Financial Non-GAAP EPS of C$0.7, revenue of C$513.6MCI Financial press release (NYSE:CIXX): Q3 Non-GAAP EPS of C$0.73. Revenue of C$513.6M (-22.3% Y/Y).Board Change • Nov 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sarah Ward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • Oct 17CI Financial's total assets slide to $245.2B in September vs. AugustCI Financial (NYSE:CIXX) said Monday that its September total assets of C$338.1B (US$245.2B) fell 2.3% from August, but climbed 8.0% from the year-ago period. Its asset management segment ended September with C$114.2B in assets, compared with C$119.0B in the prior month and C$139.4B a year earlier. Canada wealth management saw assets of C$74.0B vs. C$76.5B in August and C$76.9B in September 2021. U.S. wealth management fell slightly to C$149.9B from C$150.4B in August, but remained elevated by 54.5% from a year before. See why Seeking Alpha contributor Atticus Analysis reckons CI Financial is an "undervalued gem."Recent Insider Transactions • Oct 12Chairman of the Board recently bought US$512k worth of stockOn the 4th of October, William Holland bought around 50k shares on-market at roughly US$10.25 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.Board Change • Oct 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sarah Ward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • Sep 28CI Financial goes ex dividend tomorrowCI Financial (NYSE:CIXX) has declared $0.18/share quarterly dividend, in line with previous. Payable Oct. 14; for shareholders of record Sept. 30; ex-div Sept. 29. See CIXX Dividend Scorecard, Yield Chart, & Dividend Growth.Recent Insider Transactions • Sep 24Chairman of the Board recently bought US$132k worth of stockOn the 16th of September, William Holland bought around 12k shares on-market at roughly US$11.17 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$11m worth in shares.Upcoming Dividend • Sep 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.7%).Seeking Alpha • Sep 15CI Financial assets totaled C$345.9B in August, down 0.8% from JulyCanadian-based asset manager CI Financial's (NYSE:CIXX) preliminary total assets of C$345.9B in August slipped from C$348.5B in July, but remains elevated from C$313.5B in August 2021. Assets under management for August was C$119.0B vs. C$121.4B in the prior month and C$142.9B in the year-ago period. Canada wealth management assets totaled C$76.6B in August, compared with C$77.4B in July and C$78.4B in August of last year. And U.S. wealth management assets were C$150.4B in August, compared with C$149.7B in July, though higher from C$92.1B in August a year ago. Previously, (Aug 15) CI Financial total assets climb to $269.5B in July.Recent Insider Transactions • Sep 07Chairman of the Board recently bought US$374k worth of stockOn the 1st of September, William Holland bought around 35k shares on-market at roughly US$10.67 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$11m worth in shares.Recent Insider Transactions • Aug 30Chairman of the Board recently bought US$564k worth of stockOn the 23rd of August, William Holland bought around 50k shares on-market at roughly US$11.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$10.0m worth in shares.Recent Insider Transactions • Aug 18Chairman of the Board recently bought US$605k worth of stockOn the 12th of August, William Holland bought around 50k shares on-market at roughly US$12.09 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$9.0m worth in shares.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: CA$0.82 (vs CA$0.58 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.82 (up from CA$0.58 in 2Q 2021). Revenue: CA$723.5m (up 11% from 2Q 2021). Net income: CA$156.2m (up 33% from 2Q 2021). Profit margin: 22% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 3.0% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.Seeking Alpha • Aug 11CI Financial Non-GAAP EPS of C$0.78, revenue of C$566.6MCI Financial press release (NYSE:CIXX): Q2 Non-GAAP EPS of C$0.78. Revenue of C$566.6M (+8.0% Y/Y).Recent Insider Transactions • Jul 24Chairman of the Board recently bought US$574k worth of stockOn the 22nd of July, William Holland bought around 50k shares on-market at roughly US$11.47 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$10m worth in shares.Seeking Alpha • Jul 21CI Financial reports $333.7B in prelim June total assetsCI Financial (NYSE:CIXX) reported prelim total assets of $333.7B as of June 30, 2022 which consists of asset management assets of C$116.1B, Canadian wealth management assets of C$74.1B, and U.S. wealth management assets of C$143.5B. The Canadian retail segment had C$0.3B of redemptions for the quarter and the Canadian institutional segment accounted for C$3.2B of redemptions. Monthly average AUM for June 2022 stood at C$119.1B compared to C$123.7B in May 2022; YTD average AUM stands at C$131.7B.Upcoming Dividend • Jun 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.8%).Recent Insider Transactions • Jun 04President & COO recently bought US$125k worth of stockOn the 1st of June, Darie Urbanky bought around 10k shares on-market at roughly US$12.46 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$728k. Despite this recent buy, Darie has been a net seller over the last 12 months, reducing personal holdings by US$168k.Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CA$0.70 (up from CA$0.60 in 1Q 2021). Revenue: CA$757.6m (up 22% from 1Q 2021). Net income: CA$138.1m (up 11% from 1Q 2021). Profit margin: 18% (down from 20% in 1Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 7.4%, compared to a 2.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year.Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$11.27, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Capital Markets industry in the US. Total loss to shareholders of 18% over the past three years.Recent Insider Transactions • Apr 20Chairman of the Board recently bought US$728k worth of stockOn the 14th of April, William Holland bought around 50k shares on-market at roughly US$14.56 per share. In the last 3 months, they made an even bigger purchase worth US$1.9m. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.Reported Earnings • Apr 03Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CA$2.03 (down from CA$2.22 in FY 2020). Revenue: CA$2.75b (up 33% from FY 2020). Net income: CA$409.3m (down 14% from FY 2020). Profit margin: 15% (down from 23% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 17%, compared to a 1.6% growth forecast for the funds industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Recent Insider Transactions • Mar 24Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Mar 23Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.Upcoming Dividend • Mar 23Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (3.7%). Higher than average of industry peers (2.2%).Recent Insider Transactions • Mar 22Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Mar 22Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Mar 21Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Mar 09Independent Chairman of the Board recently bought US$791k worth of stockOn the 4th of March, William Holland bought around 50k shares on-market at roughly US$15.82 per share. In the last 3 months, they made an even bigger purchase worth US$1.9m. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.Recent Insider Transactions • Feb 26Independent Chairman of the Board recently bought US$1.6m worth of stockOn the 23rd of February, William Holland bought around 100k shares on-market at roughly US$16.32 per share. In the last 3 months, they made an even bigger purchase worth US$1.9m. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CA$2.03 (down from CA$2.22 in FY 2020). Revenue: CA$2.73b (up 33% from FY 2020). Net income: CA$409.3m (down 14% from FY 2020). Profit margin: 15% (down from 23% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 18% compared to a 1.3% decline forecast for the funds industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.공시 • Feb 24+ 1 more updateCI Financial Corp. Declares Quarterly Dividend, Payable on July 15, 2022CI Financial Corp. announced that the Board of Directors declared a quarterly dividend of $0.18 per share, payable on July 15, 2022 to shareholders of record on June 30, 2022. The annual dividend rate of $0.72 per share represented a yield of 3.3% on CI’s closing share price of $21.80 on February 18, 2022.공시 • Feb 11CI Financial Corp. Announces Management ChangesCI Financial Corp. 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. Ms. Ward recently retired from global law firm Skadden, Arps, Slate, Meagher & Flom LLP, where she was a New York-based Partner in the firm's Banking Group and co- chair of its Legal Opinion Oversight Committee. Additionally, Director Sheila Murray informed the Board that she will not stand for re-election at this year's Annual Meeting of Shareholders.Recent Insider Transactions • Feb 09Independent Chairman of the Board recently bought US$1.9m worth of stockOn the 4th of February, William Holland bought around 100k shares on-market at roughly US$18.67 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$11m worth in shares.공시 • Jan 28CI Financial Corp. to Report Q4, 2021 Results on Feb 22, 2022CI Financial Corp. announced that they will report Q4, 2021 results on Feb 22, 2022공시 • Jan 12CI Financial Corp. (TSX:CIX) entered into an agreement to acquire Northwood Family Office LP.CI Financial Corp. (TSX:CIX) entered into an agreement to acquire Northwood Family Office LP on January 11, 2022. The transaction is subject to regulatory approval and other customary closing conditions and is expected to close in the second quarter of this year. Blair Franklin Capital Partners Inc. acted as a financial advisor to Northwood Family Office LP. Torkin Manes Cohen Arbus LLP acted as a legal advisor to Northwood Family Office LP and Blake, Cassels & Graydon LLP acted as a legal advisor to CI Financial Corp.공시 • Jan 06CI Financial Corp. (TSX:CIX) acquired CPWM, LLC.CI Financial Corp. (TSX:CIX) agreed to acquire CPWM, LLC on December 15, 2021. In a related transaction, CI Financial also agreed to acquire Columbia Pacific Advisors. As part of the transaction, CPWM owners will become equity partners in CI Private Wealth, the private partnership that holds CI’s broader U.S. wealth management business. Following the completion of the transaction, the leadership team at CPWM will remain in place. The transaction is subject to regulatory and other customary closing conditions and is expected to close later this month. Berkshire Global Advisors LP served as exclusive financial advisor and Stradley Ronon Stevens & Young, LLP acted as legal advisor to CPWM. CI’s legal advisor was Hogan Lovells US LLP. CI Financial Corp. (TSX:CIX) acquired CPWM, LLC on January 4, 2022.공시 • Jan 05CI Financial Corp. (TSX:CIX) completed the acquisition of an unknown majority stake in R.H. Bluestein & Company.CI Financial Corp. (TSX:CIX) entered into an agreement to acquire an unknown majority stake in R.H. Bluestein & Company on November 2, 2021. Robert Bluestein will remain president of the R.H. Bluestein. The transaction is subject to regulatory and other customary closing conditions. The transaction is expected to close in late forth quarter of 2021. Proskauer Rose LLP, Bodman PLC acted as legal advisor and Cambridge International Partners LLC acted as financial advisor to Bluestein. Hogan Lovells US LLP acted as legal advisor to CI Financial. CI Financial Corp. (TSX:CIX) completed the acquisition of an unknown majority stake in R.H. Bluestein & Company on January 4, 2022.Recent Insider Transactions • Jan 02Independent Chairman of the Board recently bought US$523k worth of stockOn the 30th of December, William Holland bought around 25k shares on-market at roughly US$20.90 per share. In the last 3 months, they made an even bigger purchase worth US$1.1m. William has been a buyer over the last 12 months, purchasing a net total of US$13m worth in shares.Upcoming Dividend • Dec 23Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.8%).공시 • Dec 16CI Financial Corp. (TSX:CIX) agreed to acquire CPWM, LLC.CI Financial Corp. (TSX:CIX) agreed to acquire CPWM, LLC on December 15, 2021. In a related transaction, CI Financial also agreed to acquire Columbia Pacific Advisors. As part of the transaction, CPWM owners will become equity partners in CI Private Wealth, the private partnership that holds CI’s broader U.S. wealth management business. Following the completion of the transaction, the leadership team at CPWM will remain in place. The transaction is subject to regulatory and other customary closing conditions and is expected to close later this month. Berkshire Global Advisors LP served as exclusive financial advisor and Stradley Ronon Stevens & Young, LLP acted as legal advisor to CPWM. CI’s legal advisor was Hogan Lovells US LLP.공시 • Dec 07CI Financial Corp. (TSX:CIX) entered into an agreement to acquire RegentAtlantic Capital, LLC from Fiduciary Network, LLC and others.CI Financial Corp. (TSX:CIX) entered into an agreement to acquire RegentAtlantic Capital, LLC from Fiduciary Network, LLC and others on December 6, 2021. As part of the transaction, all partners in RegentAtlantic will become equity partners in CI Private Wealth. The transaction is subject to regulatory and other customary closing conditions and is expected to close later this month. Raymond James & Associates, Inc. acted as financial advisor to RegentAtlantic. Hogan Lovells US LLP acted as legal advisor to CI Financial.Recent Insider Transactions • Dec 04Independent Chairman of the Board recently bought US$1.1m worth of stockOn the 30th of November, William Holland bought around 50k shares on-market at roughly US$21.71 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.Recent Insider Transactions • Nov 25Independent Chairman of the Board recently bought US$590k worth of stockOn the 19th of November, William Holland bought around 25k shares on-market at roughly US$23.58 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.Recent Insider Transactions • Nov 17Independent Chairman of the Board recently bought US$587k worth of stockOn the 12th of November, William Holland bought around 25k shares on-market at roughly US$23.49 per share. In the last 3 months, they made an even bigger purchase worth US$969k. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS CA$0.22 (vs CA$0.62 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$661.3m (up 30% from 3Q 2020). Net income: CA$43.8m (down 66% from 3Q 2020). Profit margin: 6.6% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 15 October 2021. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (3.7%). Higher than average of industry peers (1.9%).공시 • Sep 15CI Financial Corp. (TSX:CIX) agreed to acquire Portola Partners Group LLCCI Financial Corp. (TSX:CIX) agreed to acquire Portola Partners Group LLC on September 14, 2021. This transaction is subject to regulatory approval and other customary closing conditions. This transaction is expected to close in late September 2021. Alston & Bird LLP acted as legal advisor to Portola and Berkshire Global Advisors LP acted as financial advisor to Portola. Hogan Lovells US LLP acted as legal advisor to CI Financial.공시 • Sep 02CI Financial Corp. (TSX:CIX) completed the acquisition of Radnor Financial Advisors, Inc. from Emigrant Partners, Fiduciary Network, LLC and others.CI Financial Corp. (TSX:CIX) agreement to acquire Radnor Financial Advisors, Inc. from Emigrant Partners, Fiduciary Network, LLC and others on June 28, 2021. The transaction is subject to regulatory approval and other customary closing conditions. This transaction is expected to close in the third quarter of 2021. Chris Frieden, John Gerl, Brian Harvel and John Hobgood of Alston & Bird LLP served as a legal advisors for Radnor Financial Advisors. Hogan Lovells US LLP served as a legal advisor for CI Financial Corp. CI Financial Corp. (TSX:CIX) completed the acquisition of Radnor Financial Advisors, Inc. from Emigrant Partners, Fiduciary Network, LLC and others on September 1, 2021.Recent Insider Transactions • Aug 13Independent Chairman of the Board recently bought US$504k worth of stockOn the 11th of August, William Holland bought around 25k shares on-market at roughly US$20.15 per share. In the last 3 months, they made an even bigger purchase worth US$899k. William has been a buyer over the last 12 months, purchasing a net total of US$9.8m worth in shares.공시 • Aug 12CI Financial Corp. (TSX:CIX) agreed to acquire Budros, Ruhlin & Roe, Inc.CI Financial Corp. (TSX:CIX) agreed to acquire Budros, Ruhlin & Roe, Inc. on August 10, 2021. This transaction is subject to regulatory approval and other customary closing conditions and is expected to close in the fourth quarter of 2021. Ice Miller LLP acted as legal advisor to Budros, Ruhlin & Roe. Hogan Lovells US LLP acted as legal advisor to CI Financial Corp.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS CA$0.58 (vs CA$0.56 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CA$662.4m (up 39% from 2Q 2020). Net income: CA$117.6m (down 2.1% from 2Q 2020). Profit margin: 18% (down from 25% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Board Change • Jul 31High number of new directorsCEO & Director Kurt MacAlpine was the last director to join the board, commencing their role in 2019.공시 • Jul 01CI Financial Corp (TSX:CIX) completed the acquisition of Dowling & Yahnke, LLC from Dale Yahnke, Mark Muñoz, William Beameron, Alana Asmussen, Michael Brown, Anne Diaz, Brett Pernicano, Gregory Richardson and Mark Wernig.CI Financial Corp (TSX:CIX) entered into an agreement to acquire Dowling & Yahnke, LLC from Dale Yahnke, Mark Muñoz, William Beameron, Alana Asmussen, Michael Brown, Anne Diaz, Brett Pernicano, Gregory Richardson and Mark Wernig on May 10, 2021. Deal is subject to regulatory, stock exchange and other customary closing conditions. The transaction is expected to close later second quarter. Asset & Wealth Management Investment Banking team of Raymond James Financial, Inc. acted as financial advisor to Dowling & Yahnke, LLC. Alston & Bird LLP and Hogan Lovells US LLP acted as legal advisor to CI Financial Corp. CI Financial Corp (TSX:CIX) completed the acquisition of Dowling & Yahnke, LLC from Dale Yahnke, Mark Muñoz, William Beameron, Alana Asmussen, Michael Brown, Anne Diaz, Brett Pernicano, Gregory Richardson and Mark Wernig on June 30, 2021.Upcoming Dividend • Jun 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (3.4%). Higher than average of industry peers (1.7%).매출 및 비용 세부 내역CI Financial가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이OTCPK:CIXX.F 매출, 비용 및 순이익 (CAD Millions)날짜매출순이익일반관리비연구개발비30 Jun 253,612-3001,671031 Mar 253,847-2651,726031 Dec 243,755-4111,744030 Sep 243,588-691,635030 Jun 243,503-541,577031 Mar 243,235-1791,493031 Dec 233,17351,364030 Sep 233,119591,251030 Jun 233,034861,152031 Mar 232,9031921,042031 Dec 222,909300996030 Sep 222,948433948030 Jun 222,952462904031 Mar 222,883423840031 Dec 212,746409735030 Sep 212,547391639030 Jun 212,345477550031 Mar 212,166480486031 Dec 202,045476449030 Sep 202,021519447030 Jun 202,040527462031 Mar 202,095519478031 Dec 192,122538489030 Sep 192,115531499030 Jun 192,156550503031 Mar 192,190598506031 Dec 182,236617513030 Sep 182,302617520030 Jun 182,237612500031 Mar 182,182562484031 Dec 172,111549459030 Sep 172,016531431030 Jun 172,007514422031 Mar 171,973533408031 Dec 161,941503397030 Sep 161,935509391030 Jun 161,939515384031 Mar 161,967526378031 Dec 151,990553372030 Sep 151,977567363030 Jun 151,958559356031 Mar 151,919548349031 Dec 141,871525342030 Sep 141,8105013370양질의 수익: CIXX.F 은(는) 현재 수익성이 없습니다.이익 마진 증가: CIXX.F는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: CIXX.F은 수익성이 없으며 지난 5년 동안 손실이 연평균 60.3% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 CIXX.F의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: CIXX.F은 수익성이 없어 지난 해 수익 성장률을 Capital Markets 업계(38.3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: CIXX.F는 현재 수익성이 없으므로 자본 수익률이 음수(-60.9%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YDiversified-financials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/08/13 06:00종가2025/08/13 00:00수익2025/06/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스CI Financial Corp.는 12명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jeffrey FenwickATB Cormark Historical (Cormark Securities)John AikenBarclaysJohn ReucasselBMO Capital Markets Equity Research9명의 분석가 더 보기
공시 • Nov 01CI Financial Corp. to Report Q3, 2024 Results on Nov 14, 2024CI Financial Corp. announced that they will report Q3, 2024 results on Nov 14, 2024
공시 • Jul 16CI Financial Corp. to Report Q2, 2024 Results on Aug 08, 2024CI Financial Corp. announced that they will report Q2, 2024 results on Aug 08, 2024
공시 • Apr 20CI Financial Corp. to Report Q1, 2024 Results on May 10, 2024CI Financial Corp. announced that they will report Q1, 2024 results After-Market on May 10, 2024
공시 • Jan 30CI Financial Corp. to Report Q4, 2023 Results on Feb 23, 2024CI Financial Corp. announced that they will report Q4, 2023 results on Feb 23, 2024
공시 • Oct 20CI Financial Corp. to Report Q3, 2023 Results on Nov 09, 2023CI Financial Corp. announced that they will report Q3, 2023 results on Nov 09, 2023
공시 • Jul 26CI Financial Corp. to Report Q2, 2023 Results on Aug 10, 2023CI Financial Corp. announced that they will report Q2, 2023 results on Aug 10, 2023
공시 • Aug 14+ 1 more updateCI Financial Corp. Announces Board ChangesCI Financial Corp. (“CI” or the “Corporation”) and Mubadala Capital announced the successful completion, effective August 12, 2025, of the previously announced acquisition of CI, one of North America’s leading diversified asset and wealth management companies. The CAD 12.1-billion transaction marks a significant milestone in Mubadala Capital’s growth ambitions, accelerating its expansion into private wealth management and cementing its position at the forefront of a rapidly evolving sector. In connection with completion of the Arrangement, William Butt, Brigette Chang, Paul J. Perrow and Sarah Ward have resigned as directors of CI and were replaced by Samuel Merksamer, Murat Konuk and Glyn Barker. William Holland and Kurt MacAlpine will remain as directors of CI following completion of the Arrangement. Mr. Merksamer is an Executive Director at Mubadala Capital (since 2024). He previously was a Partner at One Investment Management from 2022 to 2024. Prior to then, Mr. Merksamer was a Partner at SoftBank Investment Advisers and a Managing Director at SB Management, an affiliate of SoftBank, from 2019 to 2022. From 2017 to 2019, he was a co-founder of Caligan Partners, L.P., an investment firm. Mr. Merksamer was a Managing Director of Icahn Capital LP, a subsidiary of Icahn Enterprises L.P., from 2008 to 2016. Mr. Merksamer has an A.B. degree, Economics from Cornell University. Mr. Konuk joined Mubadala Capital in 2023 and is a Senior Principal on the Private Equity Team. Prior to joining Mubadala Capital, Mr. Konuk worked at a number of private equity firms, including Blackstone and Castle Harlan. Mr. Konuk graduated from Rice University with a B.A. in Mathematical Economic Analysis. Mr. Barker was Managing Partner of PricewaterhouseCoopers LLP UK (“PwC”) from 2006 to 2008 and then served as Vice Chairman from 2008 to 2011. Mr. Barker joined PwC in 1975 and became an audit partner in 1987. He then established PwC's private equity-focused Transactions Services business and led the UK Audit Practice. Since leaving PwC in 2012, Mr. Barker has served as a director of several public companies including Aviva plc (Senior Independent Director), Berkeley Group Holdings plc (Chairman) and Transocean Limited. Mr. Barker received his Bachelor of Science degree in Economics & Accounting from the University of Bristol in 1975 and is a Chartered Accountant.
공시 • Aug 12+ 3 more updatesCI Financial Corp.(TSX:CIX) dropped from S&P Global BMI IndexCI Financial Corp.(TSX:CIX) dropped from S&P Global BMI Index
공시 • May 15CI Financial Corp., Annual General Meeting, Jun 30, 2025CI Financial Corp., Annual General Meeting, Jun 30, 2025.
공시 • Nov 25CI Financial to Delist from Toronto Stock Exchange Following Closing of the TransactionCI Financial Corp. announced that it has entered into a definitive agreement with an affiliate of Mubadala Capital, the alternative asset management arm of Mubadala Investment Company, to take CI private in a transaction that values CI’s equity at approximately $4.7 billion and implies an enterprise value of approximately $12.1 billion. Following the closing of the transaction, CI will continue to operate with its current structure and management team and will be independent of Mubadala Capital’s other portfolio businesses. CI’s debentures and notes are expected to remain outstanding following closing of the transaction and the financing for the transaction has been structured to maintain CI’s long-term issuer and senior unsecured debt ratings of Baa3 (Stable) by Moody’s. CI’s shares will be delisted from the Toronto Stock Exchange following closing of the transaction; however, CI is expected to remain a reporting issuer under applicable Canadian securities laws as a result of its debentures and notes remaining outstanding. Holders of outstanding shares of preferred equity in CI’s subsidiary, Corient Holdings Inc., have agreed to waive and amend certain liquidity and other rights in connection with the transaction through the closing of the transaction. Mubadala Capital intends to fund up to $750 million of additional cash at closing to reduce the preferred equity outstanding. Following the closing, the parties will continue prioritizing the maintenance of CI’s investment grade senior unsecured debt ratings.
공시 • Nov 01CI Financial Corp. to Report Q3, 2024 Results on Nov 14, 2024CI Financial Corp. announced that they will report Q3, 2024 results on Nov 14, 2024
공시 • Jul 16CI Financial Corp. to Report Q2, 2024 Results on Aug 08, 2024CI Financial Corp. announced that they will report Q2, 2024 results on Aug 08, 2024
공시 • Jun 01CI Financial Corp. (TSX:CIX) announces an Equity Buyback for 5,000,000 shares, representing 3.3% for CAD 77.5 million.CI Financial Corp. (TSX:CIX) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to 5,000,000 shares, representing 3.3% of its issued share capital for CAD 77.5 million. The shares will be repurchased at a price of CAD 15.5 per share. If more than the maximum number of shares are validly deposited and not withdrawn, then first, the corporation will purchase all shares validly tendered by shareholders who own fewer than 100 shares (the Odd Lot Holders), and then, in the event Odd Lot Holders have tendered less than the maximum number, the corporation will purchase all shares tendered on a pro rata basis according to the number of shares deposited or deemed to be deposited by the depositing shareholders, less the number of shares purchased from Odd Lot Holders (with adjustments to avoid the purchase of fractional shares). The bid will expire on July 8, 2024, unless extended or withdrawn. As of May 30, 2024, the company had 151,383,085 issued and outstanding shares.
공시 • May 10CI Financial Corp. Announces Quarterly Dividend, Payable on October 15, 2024CI Financial Corp. announced that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of CI's common stock. The dividend will be payable on October 15, 2024 to shareholders of record as of September 30, 2024.
공시 • Apr 20CI Financial Corp. to Report Q1, 2024 Results on May 10, 2024CI Financial Corp. announced that they will report Q1, 2024 results After-Market on May 10, 2024
공시 • Apr 13CI Financial Corp., Annual General Meeting, Jun 26, 2024CI Financial Corp., Annual General Meeting, Jun 26, 2024, at 14:00 US Eastern Standard Time.
공시 • Feb 23CI Financial Corp. Declares Quarterly Dividend, Payable on July 15, 2024The Board of Directors of CI Financial Corp. declared a quarterly dividend of $0.20 per share, payable on July 15, 2024 to shareholders of record as of June 28, 2024.
공시 • Jan 30CI Financial Corp. to Report Q4, 2023 Results on Feb 23, 2024CI Financial Corp. announced that they will report Q4, 2023 results on Feb 23, 2024
공시 • Dec 21CI Financial Corp. Announces Executive ChangesCI Financial Corp. announced that Darie Urbanky, President, Chief Operating Officer and Head of CI Global Asset Management (“CI GAM”), has decided to retire on or before December 31, 2024. Effective January 1, 2024, Marc-André Lewis, Chief Investment Officer of CI GAM, will assume the role of co-head of CI GAM. Mr. Lewis will retain his current responsibilities as CIO. Mr. Urbanky joined CI in 1996 in its Information Technology department, where he spent 20 years in progressively more senior roles before being named Chief Technology Officer in 2016. He was promoted to Chief Operating Officer in 2018 and named President in 2019.
공시 • Nov 12CI Financial Corp. (TSX:CIX) announces an Equity Buyback for CAD 100 million worth of its shares.CI Financial Corp. (TSX:CIX) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to $100 million worth of its outstanding shares. The shares will be tendered at a price of not less than $13.64 per share and not more than $15.28 per share. The shares purchased under the offer will be cancelled. If the aggregate cost to purchase the tendered shares exceeds $100 million, the company will accept such shares on a pro-rata basis after giving effect to “odd lot” tenders, which will not be subject to pro-ration. The bid will expire on December 18, 2023, unless extended or withdrawn. As of November 9, 2023, the company had 162,784,729 shares in issue.
공시 • Nov 10CI Financial Corp. Declares Quarterly Dividend, Payable on April 15, 2024CI Financial Corp. declared a quarterly dividend of $0.20 per share, payable on April 15, 2024 to shareholders of record as of March 28, 2024.
공시 • Oct 20CI Financial Corp. to Report Q3, 2023 Results on Nov 09, 2023CI Financial Corp. announced that they will report Q3, 2023 results on Nov 09, 2023
공시 • Aug 11+ 1 more updateCI Financial Corp. (TSX:CIX) signed an agreement to acquire Coriel Capital Inc.CI Financial Corp. (TSX:CIX) signed an agreement to acquire Coriel Capital Inc. on August 10, 2023. The transaction is expected to close in the fourth quarter of this year. Blair Franklin Capital Partners Inc. served as financial advisor to Coriel and Davies Ward Phillips & Vineberg LLP was legal advisor. CI’s legal advisor was Blake, Cassels & Graydon LLP.
공시 • Jul 26CI Financial Corp. to Report Q2, 2023 Results on Aug 10, 2023CI Financial Corp. announced that they will report Q2, 2023 results on Aug 10, 2023
공시 • Jul 14Audax Management Company, LLC and the management of Congress Wealth Management completed the acquisition of unknown minority stake in Congress Wealth Management, LLC from CI Financial Corp. (TSX:CIX).Audax Management Company, LLC and the management of Congress Wealth Management agreed to acquire unknown minority stake in Congress Wealth Management, LLC from CI Financial Corp. (TSX:CIX) on April 27, 2023. CI Financial Corp sold 45% stake in the transaction. Audax is partnering with management on the investment to recapitalize Congress. CI received a return of approximately three times its initial investment in Congress and will use the proceeds from the transaction to pay down debt. The transaction is expected to close in May 2023. Daniel A. Guerin, Jeffrey Seifman, Benjamin J. Dionne, Whitney L. Bosworth, Alexander Flynn-Tabloff, Ashley S. Gregory and Rachel L. Cantor of Kirkland & Ellis LLP acted as legal advisor to Audax Management Company in the transaction. Gladstone Associates, LLC served as advisor for the transaction. ArentFox Schiff LLP acted as legal advisor to Congress Wealth Management. Audax Management Company, LLC and the management of Congress Wealth Management completed the acquisition of unknown minority stake in Congress Wealth Management, LLC from CI Financial Corp. (TSX:CIX) on April 27, 2023.
공시 • May 12+ 1 more updateCi Financial Corp. Declares Quarterly Dividend, Payable on October 13, 2023CI Financial Corp. declared a quarterly dividend of $0.18 per share, payable on October 13, 2023 to shareholders of record on September 29, 2023.
공시 • Jan 24CI Financial Corp. to Report Q4, 2022 Results on Feb 24, 2023CI Financial Corp. announced that they will report Q4, 2022 results on Feb 24, 2023
Seeking Alpha • Dec 22CI financial reports November AUM at an all time highCI Financial (NYSE:CIXX) reported preliminary total assets of C$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 C$121.7 billion, Canadian wealth management assets of C$79.9 billion, and U.S. wealth management assets of C$183.3 billion. Source: Press Release
Upcoming Dividend • Dec 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.7%).
Recent Insider Transactions • Dec 21Chairman of the Board recently bought US$762k worth of stockOn the 16th of December, William Holland bought around 78k shares on-market at roughly US$9.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$10m worth in shares.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sarah Ward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CA$1.51 loss per share (further deteriorated from CA$1.06 loss in 3Q 2021). Net loss: CA$279.5m (loss widened 41% from 3Q 2021). Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 7.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • Nov 11Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: CA$1.64 loss per share (down from CA$0.22 profit in 3Q 2021). Net loss: CA$279.5m (down CA$323.3m from profit in 3Q 2021). Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year.
Seeking Alpha • Nov 10CI Financial Non-GAAP EPS of C$0.7, revenue of C$513.6MCI Financial press release (NYSE:CIXX): Q3 Non-GAAP EPS of C$0.73. Revenue of C$513.6M (-22.3% Y/Y).
Board Change • Nov 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sarah Ward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • Oct 17CI Financial's total assets slide to $245.2B in September vs. AugustCI Financial (NYSE:CIXX) said Monday that its September total assets of C$338.1B (US$245.2B) fell 2.3% from August, but climbed 8.0% from the year-ago period. Its asset management segment ended September with C$114.2B in assets, compared with C$119.0B in the prior month and C$139.4B a year earlier. Canada wealth management saw assets of C$74.0B vs. C$76.5B in August and C$76.9B in September 2021. U.S. wealth management fell slightly to C$149.9B from C$150.4B in August, but remained elevated by 54.5% from a year before. See why Seeking Alpha contributor Atticus Analysis reckons CI Financial is an "undervalued gem."
Recent Insider Transactions • Oct 12Chairman of the Board recently bought US$512k worth of stockOn the 4th of October, William Holland bought around 50k shares on-market at roughly US$10.25 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.
Board Change • Oct 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sarah Ward was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • Sep 28CI Financial goes ex dividend tomorrowCI Financial (NYSE:CIXX) has declared $0.18/share quarterly dividend, in line with previous. Payable Oct. 14; for shareholders of record Sept. 30; ex-div Sept. 29. See CIXX Dividend Scorecard, Yield Chart, & Dividend Growth.
Recent Insider Transactions • Sep 24Chairman of the Board recently bought US$132k worth of stockOn the 16th of September, William Holland bought around 12k shares on-market at roughly US$11.17 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$11m worth in shares.
Upcoming Dividend • Sep 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.7%).
Seeking Alpha • Sep 15CI Financial assets totaled C$345.9B in August, down 0.8% from JulyCanadian-based asset manager CI Financial's (NYSE:CIXX) preliminary total assets of C$345.9B in August slipped from C$348.5B in July, but remains elevated from C$313.5B in August 2021. Assets under management for August was C$119.0B vs. C$121.4B in the prior month and C$142.9B in the year-ago period. Canada wealth management assets totaled C$76.6B in August, compared with C$77.4B in July and C$78.4B in August of last year. And U.S. wealth management assets were C$150.4B in August, compared with C$149.7B in July, though higher from C$92.1B in August a year ago. Previously, (Aug 15) CI Financial total assets climb to $269.5B in July.
Recent Insider Transactions • Sep 07Chairman of the Board recently bought US$374k worth of stockOn the 1st of September, William Holland bought around 35k shares on-market at roughly US$10.67 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$11m worth in shares.
Recent Insider Transactions • Aug 30Chairman of the Board recently bought US$564k worth of stockOn the 23rd of August, William Holland bought around 50k shares on-market at roughly US$11.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$605k. William has been a buyer over the last 12 months, purchasing a net total of US$10.0m worth in shares.
Recent Insider Transactions • Aug 18Chairman of the Board recently bought US$605k worth of stockOn the 12th of August, William Holland bought around 50k shares on-market at roughly US$12.09 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$9.0m worth in shares.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: CA$0.82 (vs CA$0.58 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.82 (up from CA$0.58 in 2Q 2021). Revenue: CA$723.5m (up 11% from 2Q 2021). Net income: CA$156.2m (up 33% from 2Q 2021). Profit margin: 22% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 3.0% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.
Seeking Alpha • Aug 11CI Financial Non-GAAP EPS of C$0.78, revenue of C$566.6MCI Financial press release (NYSE:CIXX): Q2 Non-GAAP EPS of C$0.78. Revenue of C$566.6M (+8.0% Y/Y).
Recent Insider Transactions • Jul 24Chairman of the Board recently bought US$574k worth of stockOn the 22nd of July, William Holland bought around 50k shares on-market at roughly US$11.47 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$10m worth in shares.
Seeking Alpha • Jul 21CI Financial reports $333.7B in prelim June total assetsCI Financial (NYSE:CIXX) reported prelim total assets of $333.7B as of June 30, 2022 which consists of asset management assets of C$116.1B, Canadian wealth management assets of C$74.1B, and U.S. wealth management assets of C$143.5B. The Canadian retail segment had C$0.3B of redemptions for the quarter and the Canadian institutional segment accounted for C$3.2B of redemptions. Monthly average AUM for June 2022 stood at C$119.1B compared to C$123.7B in May 2022; YTD average AUM stands at C$131.7B.
Upcoming Dividend • Jun 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.8%).
Recent Insider Transactions • Jun 04President & COO recently bought US$125k worth of stockOn the 1st of June, Darie Urbanky bought around 10k shares on-market at roughly US$12.46 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$728k. Despite this recent buy, Darie has been a net seller over the last 12 months, reducing personal holdings by US$168k.
Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CA$0.70 (up from CA$0.60 in 1Q 2021). Revenue: CA$757.6m (up 22% from 1Q 2021). Net income: CA$138.1m (up 11% from 1Q 2021). Profit margin: 18% (down from 20% in 1Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 7.4%, compared to a 2.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year.
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$11.27, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Capital Markets industry in the US. Total loss to shareholders of 18% over the past three years.
Recent Insider Transactions • Apr 20Chairman of the Board recently bought US$728k worth of stockOn the 14th of April, William Holland bought around 50k shares on-market at roughly US$14.56 per share. In the last 3 months, they made an even bigger purchase worth US$1.9m. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.
Reported Earnings • Apr 03Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CA$2.03 (down from CA$2.22 in FY 2020). Revenue: CA$2.75b (up 33% from FY 2020). Net income: CA$409.3m (down 14% from FY 2020). Profit margin: 15% (down from 23% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 17%, compared to a 1.6% growth forecast for the funds industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Mar 24Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Mar 23Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.
Upcoming Dividend • Mar 23Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (3.7%). Higher than average of industry peers (2.2%).
Recent Insider Transactions • Mar 22Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Mar 22Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Mar 21Insider recently bought US$46k worth of stockOn the 16th of March, Christopher Enright bought around 3k shares on-market at roughly US$15.68 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$1.9m. Insiders have collectively bought US$11m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Mar 09Independent Chairman of the Board recently bought US$791k worth of stockOn the 4th of March, William Holland bought around 50k shares on-market at roughly US$15.82 per share. In the last 3 months, they made an even bigger purchase worth US$1.9m. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.
Recent Insider Transactions • Feb 26Independent Chairman of the Board recently bought US$1.6m worth of stockOn the 23rd of February, William Holland bought around 100k shares on-market at roughly US$16.32 per share. In the last 3 months, they made an even bigger purchase worth US$1.9m. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.
Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CA$2.03 (down from CA$2.22 in FY 2020). Revenue: CA$2.73b (up 33% from FY 2020). Net income: CA$409.3m (down 14% from FY 2020). Profit margin: 15% (down from 23% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 18% compared to a 1.3% decline forecast for the funds industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
공시 • Feb 24+ 1 more updateCI Financial Corp. Declares Quarterly Dividend, Payable on July 15, 2022CI Financial Corp. announced that the Board of Directors declared a quarterly dividend of $0.18 per share, payable on July 15, 2022 to shareholders of record on June 30, 2022. The annual dividend rate of $0.72 per share represented a yield of 3.3% on CI’s closing share price of $21.80 on February 18, 2022.
공시 • Feb 11CI Financial Corp. Announces Management ChangesCI Financial Corp. 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. Ms. Ward recently retired from global law firm Skadden, Arps, Slate, Meagher & Flom LLP, where she was a New York-based Partner in the firm's Banking Group and co- chair of its Legal Opinion Oversight Committee. Additionally, Director Sheila Murray informed the Board that she will not stand for re-election at this year's Annual Meeting of Shareholders.
Recent Insider Transactions • Feb 09Independent Chairman of the Board recently bought US$1.9m worth of stockOn the 4th of February, William Holland bought around 100k shares on-market at roughly US$18.67 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$11m worth in shares.
공시 • Jan 28CI Financial Corp. to Report Q4, 2021 Results on Feb 22, 2022CI Financial Corp. announced that they will report Q4, 2021 results on Feb 22, 2022
공시 • Jan 12CI Financial Corp. (TSX:CIX) entered into an agreement to acquire Northwood Family Office LP.CI Financial Corp. (TSX:CIX) entered into an agreement to acquire Northwood Family Office LP on January 11, 2022. The transaction is subject to regulatory approval and other customary closing conditions and is expected to close in the second quarter of this year. Blair Franklin Capital Partners Inc. acted as a financial advisor to Northwood Family Office LP. Torkin Manes Cohen Arbus LLP acted as a legal advisor to Northwood Family Office LP and Blake, Cassels & Graydon LLP acted as a legal advisor to CI Financial Corp.
공시 • Jan 06CI Financial Corp. (TSX:CIX) acquired CPWM, LLC.CI Financial Corp. (TSX:CIX) agreed to acquire CPWM, LLC on December 15, 2021. In a related transaction, CI Financial also agreed to acquire Columbia Pacific Advisors. As part of the transaction, CPWM owners will become equity partners in CI Private Wealth, the private partnership that holds CI’s broader U.S. wealth management business. Following the completion of the transaction, the leadership team at CPWM will remain in place. The transaction is subject to regulatory and other customary closing conditions and is expected to close later this month. Berkshire Global Advisors LP served as exclusive financial advisor and Stradley Ronon Stevens & Young, LLP acted as legal advisor to CPWM. CI’s legal advisor was Hogan Lovells US LLP. CI Financial Corp. (TSX:CIX) acquired CPWM, LLC on January 4, 2022.
공시 • Jan 05CI Financial Corp. (TSX:CIX) completed the acquisition of an unknown majority stake in R.H. Bluestein & Company.CI Financial Corp. (TSX:CIX) entered into an agreement to acquire an unknown majority stake in R.H. Bluestein & Company on November 2, 2021. Robert Bluestein will remain president of the R.H. Bluestein. The transaction is subject to regulatory and other customary closing conditions. The transaction is expected to close in late forth quarter of 2021. Proskauer Rose LLP, Bodman PLC acted as legal advisor and Cambridge International Partners LLC acted as financial advisor to Bluestein. Hogan Lovells US LLP acted as legal advisor to CI Financial. CI Financial Corp. (TSX:CIX) completed the acquisition of an unknown majority stake in R.H. Bluestein & Company on January 4, 2022.
Recent Insider Transactions • Jan 02Independent Chairman of the Board recently bought US$523k worth of stockOn the 30th of December, William Holland bought around 25k shares on-market at roughly US$20.90 per share. In the last 3 months, they made an even bigger purchase worth US$1.1m. William has been a buyer over the last 12 months, purchasing a net total of US$13m worth in shares.
Upcoming Dividend • Dec 23Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (3.6%). Higher than average of industry peers (1.8%).
공시 • Dec 16CI Financial Corp. (TSX:CIX) agreed to acquire CPWM, LLC.CI Financial Corp. (TSX:CIX) agreed to acquire CPWM, LLC on December 15, 2021. In a related transaction, CI Financial also agreed to acquire Columbia Pacific Advisors. As part of the transaction, CPWM owners will become equity partners in CI Private Wealth, the private partnership that holds CI’s broader U.S. wealth management business. Following the completion of the transaction, the leadership team at CPWM will remain in place. The transaction is subject to regulatory and other customary closing conditions and is expected to close later this month. Berkshire Global Advisors LP served as exclusive financial advisor and Stradley Ronon Stevens & Young, LLP acted as legal advisor to CPWM. CI’s legal advisor was Hogan Lovells US LLP.
공시 • Dec 07CI Financial Corp. (TSX:CIX) entered into an agreement to acquire RegentAtlantic Capital, LLC from Fiduciary Network, LLC and others.CI Financial Corp. (TSX:CIX) entered into an agreement to acquire RegentAtlantic Capital, LLC from Fiduciary Network, LLC and others on December 6, 2021. As part of the transaction, all partners in RegentAtlantic will become equity partners in CI Private Wealth. The transaction is subject to regulatory and other customary closing conditions and is expected to close later this month. Raymond James & Associates, Inc. acted as financial advisor to RegentAtlantic. Hogan Lovells US LLP acted as legal advisor to CI Financial.
Recent Insider Transactions • Dec 04Independent Chairman of the Board recently bought US$1.1m worth of stockOn the 30th of November, William Holland bought around 50k shares on-market at roughly US$21.71 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.
Recent Insider Transactions • Nov 25Independent Chairman of the Board recently bought US$590k worth of stockOn the 19th of November, William Holland bought around 25k shares on-market at roughly US$23.58 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.
Recent Insider Transactions • Nov 17Independent Chairman of the Board recently bought US$587k worth of stockOn the 12th of November, William Holland bought around 25k shares on-market at roughly US$23.49 per share. In the last 3 months, they made an even bigger purchase worth US$969k. William has been a buyer over the last 12 months, purchasing a net total of US$12m worth in shares.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS CA$0.22 (vs CA$0.62 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$661.3m (up 30% from 3Q 2020). Net income: CA$43.8m (down 66% from 3Q 2020). Profit margin: 6.6% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 15 October 2021. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (3.7%). Higher than average of industry peers (1.9%).
공시 • Sep 15CI Financial Corp. (TSX:CIX) agreed to acquire Portola Partners Group LLCCI Financial Corp. (TSX:CIX) agreed to acquire Portola Partners Group LLC on September 14, 2021. This transaction is subject to regulatory approval and other customary closing conditions. This transaction is expected to close in late September 2021. Alston & Bird LLP acted as legal advisor to Portola and Berkshire Global Advisors LP acted as financial advisor to Portola. Hogan Lovells US LLP acted as legal advisor to CI Financial.
공시 • Sep 02CI Financial Corp. (TSX:CIX) completed the acquisition of Radnor Financial Advisors, Inc. from Emigrant Partners, Fiduciary Network, LLC and others.CI Financial Corp. (TSX:CIX) agreement to acquire Radnor Financial Advisors, Inc. from Emigrant Partners, Fiduciary Network, LLC and others on June 28, 2021. The transaction is subject to regulatory approval and other customary closing conditions. This transaction is expected to close in the third quarter of 2021. Chris Frieden, John Gerl, Brian Harvel and John Hobgood of Alston & Bird LLP served as a legal advisors for Radnor Financial Advisors. Hogan Lovells US LLP served as a legal advisor for CI Financial Corp. CI Financial Corp. (TSX:CIX) completed the acquisition of Radnor Financial Advisors, Inc. from Emigrant Partners, Fiduciary Network, LLC and others on September 1, 2021.
Recent Insider Transactions • Aug 13Independent Chairman of the Board recently bought US$504k worth of stockOn the 11th of August, William Holland bought around 25k shares on-market at roughly US$20.15 per share. In the last 3 months, they made an even bigger purchase worth US$899k. William has been a buyer over the last 12 months, purchasing a net total of US$9.8m worth in shares.
공시 • Aug 12CI Financial Corp. (TSX:CIX) agreed to acquire Budros, Ruhlin & Roe, Inc.CI Financial Corp. (TSX:CIX) agreed to acquire Budros, Ruhlin & Roe, Inc. on August 10, 2021. This transaction is subject to regulatory approval and other customary closing conditions and is expected to close in the fourth quarter of 2021. Ice Miller LLP acted as legal advisor to Budros, Ruhlin & Roe. Hogan Lovells US LLP acted as legal advisor to CI Financial Corp.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS CA$0.58 (vs CA$0.56 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CA$662.4m (up 39% from 2Q 2020). Net income: CA$117.6m (down 2.1% from 2Q 2020). Profit margin: 18% (down from 25% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Board Change • Jul 31High number of new directorsCEO & Director Kurt MacAlpine was the last director to join the board, commencing their role in 2019.
공시 • Jul 01CI Financial Corp (TSX:CIX) completed the acquisition of Dowling & Yahnke, LLC from Dale Yahnke, Mark Muñoz, William Beameron, Alana Asmussen, Michael Brown, Anne Diaz, Brett Pernicano, Gregory Richardson and Mark Wernig.CI Financial Corp (TSX:CIX) entered into an agreement to acquire Dowling & Yahnke, LLC from Dale Yahnke, Mark Muñoz, William Beameron, Alana Asmussen, Michael Brown, Anne Diaz, Brett Pernicano, Gregory Richardson and Mark Wernig on May 10, 2021. Deal is subject to regulatory, stock exchange and other customary closing conditions. The transaction is expected to close later second quarter. Asset & Wealth Management Investment Banking team of Raymond James Financial, Inc. acted as financial advisor to Dowling & Yahnke, LLC. Alston & Bird LLP and Hogan Lovells US LLP acted as legal advisor to CI Financial Corp. CI Financial Corp (TSX:CIX) completed the acquisition of Dowling & Yahnke, LLC from Dale Yahnke, Mark Muñoz, William Beameron, Alana Asmussen, Michael Brown, Anne Diaz, Brett Pernicano, Gregory Richardson and Mark Wernig on June 30, 2021.
Upcoming Dividend • Jun 22Upcoming dividend of CA$0.18 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (3.4%). Higher than average of industry peers (1.7%).