IGM Financial Q2 EPS Decreased by National Bank Financial

Key Points

• National Bank Financial has lowered IGM Financial's Q2 2025 earnings estimate from $1.03 to $0.98 per share, while the full-year earnings estimate remains at $4.01 per share.
• The company has announced a quarterly dividend of $0.5625, representing a yield of 4.87%, with a payout ratio of 57.64%.
• IGM Financial's stock received mixed ratings, currently holding an average rating of "Hold" and price targets ranging from C$42.00 to C$56.00 from various analysts.

IGM Financial Inc. (TSE:IGM - Free Report) - Equities research analysts at National Bank Financial decreased their Q2 2025 earnings estimates for IGM Financial in a research note issued on Monday, July 28th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings per share of $0.98 for the quarter, down from their previous estimate of $1.03. The consensus estimate for IGM Financial's current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for IGM Financial's Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.15 EPS and FY2025 earnings at $4.27 EPS.

Several other research analysts also recently commented on the stock. Jefferies Financial Group lifted their price target on shares of IGM Financial from C$42.00 to C$46.00 in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of IGM Financial from C$47.00 to C$46.00 in a research note on Monday, May 12th. Scotiabank lifted their price target on shares of IGM Financial from C$49.00 to C$51.00 in a research note on Friday, May 9th. National Bankshares lifted their target price on shares of IGM Financial from C$54.00 to C$56.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada raised shares of IGM Financial to a "hold" rating and set a C$46.00 target price on the stock in a research note on Wednesday, June 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$50.14.

IGM Financial Price Performance

Shares of IGM stock traded down C$0.95 during trading hours on Wednesday, hitting C$44.93. 179,645 shares of the company's stock were exchanged, compared to its average volume of 307,388. The company has a market capitalization of C$10.71 billion, a PE ratio of 11.51, a PEG ratio of 4.09 and a beta of 1.53. IGM Financial has a 12-month low of C$35.33 and a 12-month high of C$47.96. The business's 50 day simple moving average is C$43.92 and its 200-day simple moving average is C$43.99. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24.

IGM Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, June 30th. IGM Financial's payout ratio is presently 57.64%.

About IGM Financial

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.