J. Luke Gould Sells 6,900 Shares of IGM Financial (TSE:IGM) Stock

Key Points

• Director J. Luke Gould sold 9,960 IGM Financial shares on September 18 at prices near C$87.98, generating total proceeds of approximately C$876,221.
• IGM Financial traded near C$87.99, close to its 52-week high of C$92.01. Analysts have a consensus “Hold” rating and an average price target of C$82.00.
• The company declared a quarterly dividend of C$0.62 per share, or C$2.48 annualized, representing a 2.8% yield and a payout ratio of 47.87%.

IGM Financial Inc. (TSE:IGM - Get Free Report) Director J. Luke Gould sold 6,900 shares of the firm's stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of C$87.97, for a total value of C$606,993.00.

J. Luke Gould also recently made the following trade(s):

• On Friday, September 18th, J. Luke Gould sold 900 shares of IGM Financial stock. The stock was sold at an average price of C$87.99, for a total value of C$79,191.00.
• On Friday, September 18th, J. Luke Gould sold 2,160 shares of IGM Financial stock. The stock was sold at an average price of C$87.98, for a total value of C$190,036.80.

IGM Financial Price Performance

IGM Financial stock traded down C$1.23 during midday trading on Monday, reaching C$87.99. The company's stock had a trading volume of 144,712 shares, compared to its average volume of 453,633. The firm has a market capitalization of C$20.32 billion, a PE ratio of 17.81, a P/E/G ratio of 4.09 and a beta of 0.93. IGM Financial Inc. has a fifty-two week low of C$50.06 and a fifty-two week high of C$92.01. The stock's 50 day simple moving average is C$86.86 and its 200 day simple moving average is C$78.50. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28.

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 earnings per share for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The business had revenue of C$1.07 million for the quarter. On average, equities research analysts forecast that IGM Financial Inc. will post 4.006816 earnings per share for the current year.

IGM Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 28th. IGM Financial's dividend payout ratio (DPR) is presently 47.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. TD lifted their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price target on shares of IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Royal Bank Of Canada upped their target price on IGM Financial from C$80.00 to C$89.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Finally, Scotiabank raised their price target on IGM Financial from C$84.00 to C$87.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$82.00.

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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