TSE:IGM IGM Financial (IGM) Stock Price, News & Analysis → Elon to Transform U.S. Economy? (From Porter & Company) (Ad) Free IGM Stock Alerts C$37.01 -0.09 (-0.24%) (As of 05/15/2024 ET) Add Compare Share Share Today's RangeC$36.98▼C$37.2650-Day RangeC$33.29▼C$38.4152-Week RangeC$30.34▼C$42.02Volume173,770 shsAverage Volume245,786 shsMarket CapitalizationC$8.78 billionP/E Ratio11.46Dividend Yield6.08%Price TargetC$44.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get IGM Financial alerts: Email Address IGM Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside18.9% UpsideC$44.00 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.34Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.95 out of 5 stars 2.3 Analyst's Opinion Consensus RatingIGM Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageIGM Financial has only been the subject of 4 research reports in the past 90 days.Read more about IGM Financial's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for IGM. Previous Next 2.5 Dividend Strength Dividend LeadershipIGM Financial is a leading dividend payer. It pays a dividend yield of 5.87%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIGM Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of IGM Financial is 69.66%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about IGM Financial's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IGM. Previous Next 2.4 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for IGM Financial this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for IGM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows2 people have added IGM Financial to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IGM Financial insiders have not sold or bought any company stock.Percentage Held by Insiders59.21% of the stock of IGM Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 8.05% of the stock of IGM Financial is held by institutions.Read more about IGM Financial's insider trading history. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of IGM Financial is 11.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.41.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 11.46, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 471.92.Price to Earnings Growth RatioIGM Financial has a PEG Ratio of 4.24. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIGM Financial has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about IGM Financial's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsHe cracked the code to crypto…Juan Villaverde has cracked the code to crypto.Click now for the best way into the newest AI projects About IGM Financial Stock (TSE:IGM)IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services. The Asset Management segment provides investment management services to a suite of investment funds distributed through third party dealers and financial advisors. It also offers insurance and banking products and services. The company was incorporated in 1978 and is based in Winnipeg, Canada. IGM Financial Inc. operates as a subsidiary of Power Financial Corporation.Read More IGM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IGM Stock News HeadlinesMay 13 at 5:57 PM | markets.businessinsider.comAnalysts Are Neutral on These Financial Stocks: CI Financial (CIXXF), TCG BDC (CGBD)May 13 at 1:18 AM | americanbankingnews.comIGM Financial Inc. (TSE:IGM) Given Consensus Recommendation of "Moderate Buy" by BrokeragesMay 10, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Sprott (SII), Manulife Financial (MFC) and Texas Capital Bancshares (TCBI)May 8, 2024 | finance.yahoo.comPower Corporation Reports First Quarter 2024 Financial ResultsMay 7, 2024 | americanbankingnews.comIGM Financial (TSE:IGM) Given New C$40.00 Price Target at BMO Capital MarketsMay 7, 2024 | americanbankingnews.comIGM Financial (TSE:IGM) Given New C$43.00 Price Target at TD SecuritiesMay 7, 2024 | theglobeandmail.comThousands Across Canada Unite for Annual IG Wealth Management Walk for Alzheimer’sMay 6, 2024 | finance.yahoo.comThousands Across Canada Unite for Annual IG Wealth Management Walk for Alzheimer’sMay 5, 2024 | theglobeandmail.comWealthsimple experiencing massive growth after two quarters of record asset gainsMay 5, 2024 | americanbankingnews.comIGM Financial (TSE:IGM) PT Raised to C$45.00May 4, 2024 | finance.yahoo.comIGM Financial First Quarter 2024 Earnings: EPS Beats ExpectationsMay 3, 2024 | finance.yahoo.comIGM Financial Inc. Announces Election of DirectorsMay 3, 2024 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES APRIL 2024 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSMay 3, 2024 | finance.yahoo.comIGM Financial Up 6% After Detailing April 2024 Assets Under Management & Advisement And Net FlowsMay 2, 2024 | finance.yahoo.comMorning News Call - Canada, May 2April 30, 2024 | msn.comStruggling beverage chain gets a new key investorApril 30, 2024 | msn.comA popular restaurant is stepping into the world of gamblingApril 26, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Manulife Financial (MFC) and Fairfax Financial Holdings (OtherFRFHF)April 26, 2024 | seekingalpha.comThe Outlook For The U.S. Economy Is BullishApril 25, 2024 | finance.yahoo.com3 Leading Canadian Dividend Stocks Yielding Up To 6.7%April 25, 2024 | finance.yahoo.comMackenzie Investments Announces April 2024 Distributions for its Exchange Traded FundsApril 25, 2024 | finance.yahoo.comNew Mackenzie Investments Fund Provides Global Emerging Market Diversification OpportunitiesApril 24, 2024 | finance.yahoo.comMackenzie Investments Announces Final Termination Proceeds Relating to the Termination of an Exchange Traded FundApril 16, 2024 | finance.yahoo.comIGM Financial Recognized as Top Employer by Mediacorp Across Multiple CategoriesApril 15, 2024 | finance.yahoo.comLife Design Analysis Announces Partnership with IG Wealth Management to Enhance Advisor and Client Insurance ExperienceSee More Headlines Receive IGM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IGM Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/15/2024Ex-Dividend for 4/30 Dividend3/27/2024Dividend Payable4/30/2024Today5/15/2024Next Earnings (Estimated)8/07/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorFinancial Services Industry Asset Management Sub-IndustryN/A Current SymbolTSE:IGM CUSIPN/A CIKN/A Webwww.igmfinancial.com Phone+1-204-9430361FaxN/AEmployees3,300Year FoundedN/APrice Target and Rating Average Stock Price TargetC$44.00 High Stock Price TargetC$46.00 Low Stock Price TargetC$40.00 Potential Upside/Downside+18.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.23 Trailing P/E Ratio11.52 Forward P/E Ratio9.80 P/E Growth4.24Net IncomeC$770.94 million Net Margins27.67% Pretax MarginN/A Return on Equity11.63% Return on Assets4.22% Debt Debt-to-Equity Ratio37.00 Current Ratio2.15 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.58 billion Price / Sales2.47 Cash FlowC$4.25 per share Price / Cash Flow8.75 Book ValueC$28.96 per share Price / Book1.28Miscellaneous Outstanding Shares237,360,000Free FloatN/AMarket CapC$8.83 billion OptionableNot Optionable Beta1.55 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 60)President, CEO & Director Comp: $3.9MMr. Keith David Bernard PotterExecutive VP & CFOMr. Michael DibdenCOO & Executive VPMr. Damon MurchisonPresident & CEO of IG Wealth ManagementMr. Luke GouldPresident & CEO of Mackenzie InvestmentsMs. Rhonda Suzanne GoldbergExecutive VP & General CounselMr. Douglas Gordon McIntosh MilneExecutive VP & Chief Marketing OfficerMs. Cynthia CurrieExecutive VP & Chief Human Resources OfficerMs. Kristin Elizabeth AshcroftExecutive Vice-President of Products & Solutions for Mackenzie InvestmentsHerpreet LambaSenior Vice President Financial ServicesMore ExecutivesKey CompetitorsOnexTSE:ONEXCI FinancialTSE:CIXBrookfield Asset ManagementTSE:BAMiA FinancialTSE:IAGTMX GroupTSE:XView All Competitors IGM Stock Analysis - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IGM shares. View IGM analyst ratings or view top-rated stocks. What is IGM Financial's stock price target for 2024? 6 analysts have issued 12-month price objectives for IGM Financial's shares. Their IGM share price targets range from C$40.00 to C$46.00. On average, they anticipate the company's share price to reach C$44.00 in the next year. This suggests a possible upside of 18.9% from the stock's current price. View analysts price targets for IGM or view top-rated stocks among Wall Street analysts. How have IGM shares performed in 2024? IGM Financial's stock was trading at C$35.01 at the start of the year. Since then, IGM stock has increased by 5.7% and is now trading at C$37.01. View the best growth stocks for 2024 here. When is IGM Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our IGM earnings forecast. How were IGM Financial's earnings last quarter? IGM Financial Inc. (TSE:IGM) posted its earnings results on Thursday, February, 15th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.05. The financial services provider earned $768.80 million during the quarter, compared to analyst estimates of $773 million. IGM Financial had a trailing twelve-month return on equity of 11.63% and a net margin of 27.67%. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial declared a quarterly dividend on Thursday, May 2nd. Stockholders of record on Friday, June 28th will be paid a dividend of 0.563 per share on Wednesday, July 31st. This represents a $2.25 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Friday, June 28th. Read our dividend analysis for IGM. Is IGM Financial a good dividend stock? IGM Financial (TSE:IGM) pays an annual dividend of C$2.25 per share and currently has a dividend yield of 5.87%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 69.66%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IGM. What other stocks do shareholders of IGM Financial own? Based on aggregate information from My MarketBeat watchlists, some companies that other IGM Financial investors own include Consumer Staples Select Sector SPDR Fund (XLP), RiverFront Dynamic US Flex-Cap ETF (RFFC), RiverFront Dynamic US Dividend Advantage ETF (RFDA), First Trust RiverFront Dynamic Developed International ETF (RFDI), ALPS ETF Trust - Riverfront Dynamic Unconstrained Income ETF (RFUN), Financial Select Sector SPDR Fund (XLF), iShares Core S&P Small-Cap ETF (IJR), PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS). How do I buy shares of IGM Financial? Shares of IGM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:IGM) was last updated on 5/15/2024 by MarketBeat.com Staff From Our PartnersCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe “Next Bitcoin”? 10 CENT Crypto Set to ExplodeTrue Market InsidersAmazon's betting big on this unknown AI companyManward PressThis Wall Street stock prediction just went viralChaikin AnalyticsWith revenue forecasted to grow dramatically in 2024 and beyond, this company should be on your radarStocks NewsShocking $16T Elon Musk Crypto LeakCrypto 101 MediaProtect Your Bank Account Before It’s Too LateWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding IGM Financial Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.