Brokers Issue Forecasts for IGM Financial FY2026 Earnings

Key Points

• National Bank Financial has raised its FY2026 earnings estimate for IGM Financial to $4.80 per share, up from a previous forecast of $4.73.
• The company announced a quarterly dividend of $0.5625, reflecting a 4.88% yield, with the ex-dividend date set for June 30th.
• Despite positive earnings projections, IGM Financial's stock has decreased by 0.3%, currently trading at C$46.10.

IGM Financial Inc. (TSE:IGM - Free Report) - Stock analysts at National Bank Financial boosted their FY2026 EPS estimates for IGM Financial in a research note issued on Monday, July 28th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will post earnings per share of $4.80 for the year, up from their previous forecast of $4.73. The consensus estimate for IGM Financial's current full-year earnings is $4.01 per share.

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

IGM Financial Price Performance

Shares of IGM stock traded down C$0.95 during trading hours on Thursday, hitting C$44.93. The stock had a trading volume of 179,645 shares, compared to its average volume of 307,388. The stock has a market capitalization of C$10.71 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 4.09 and a beta of 1.53. IGM Financial has a one year low of C$35.33 and a one year high of C$47.96. The stock's 50-day moving average price is C$43.92 and its two-hundred day moving average price is C$44.00. The company has a debt-to-equity ratio of 97.24, a current ratio of 3.61 and a quick ratio of 0.31.

IGM Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were paid a $0.5625 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.25 dividend on an annualized basis and a yield of 5.0%. IGM Financial's dividend payout ratio (DPR) 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.