IGM Financial Inc. (TSE:IGM) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts rate IGM Financial “Hold” overall: Four of seven analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is C$82.00.
• Shares recently traded at C$89.69, up 3.2%: The stock is near its 52-week high of C$92.01, with several brokerages recently raising their price targets to between C$80 and C$94.
• IGM maintains an income profile: The company reported quarterly EPS of C$1.41 and pays a quarterly dividend of C$0.62, equivalent to an annualized C$2.48 dividend and a 2.8% yield.

Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$82.00.

Several brokerages have recently issued reports on IGM. Royal Bank Of Canada upped their price target on shares of IGM Financial from C$80.00 to C$89.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. BMO Capital Markets raised their price objective on IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce boosted their price objective on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Scotiabank upped their target price on IGM Financial from C$84.00 to C$87.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Finally, TD increased their target price on IGM Financial from C$92.00 to C$94.00 and gave the company a "buy" rating in a research report on Thursday, July 30th.

IGM Financial Trading Up 3.2%

Shares of IGM stock opened at C$89.69 on Friday. IGM Financial has a fifty-two week low of C$50.06 and a fifty-two week high of C$92.01. The stock's fifty day moving average price is C$86.23 and its two-hundred day moving average price is C$77.75. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. The company has a market cap of C$20.71 billion, a PE ratio of 18.16, a P/E/G ratio of 4.09 and a beta of 0.93.

IGM Financial (TSE:IGM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. The company had revenue of C$1.07 million during the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%. Equities analysts predict that IGM Financial will post 4.006816 EPS for the current fiscal year.

IGM Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 29th. IGM Financial's dividend payout ratio (DPR) is 47.87%.

Insider Buying and Selling

In other IGM Financial news, Director Damon Murchison sold 700 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$89.48, for a total transaction of C$62,636.00. Following the sale, the director directly owned 3,335 shares of the company's stock, valued at C$298,415.80. The trade was a 17.35% decrease in their position. In the last 90 days, insiders have sold 60,148 shares of company stock worth $5,151,421. 66.58% of the stock is owned by company insiders.

IGM Financial Company Profile

Mackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $244 billion (CAD) in assets under management as of December 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London.

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