TSE:IGM IGM Financial (IGM) Stock Price, News & Analysis → Biden Nomination CANCELED? (From The Freeport Society) (Ad) Free IGM Stock Alerts C$36.88 -0.44 (-1.18%) (As of 06/14/2024 08:53 PM ET) Add Compare Share Share Today's RangeC$36.81▼C$37.2350-Day RangeC$33.29▼C$38.4152-Week RangeC$30.34▼C$42.02Volume209,772 shsAverage Volume242,570 shsMarket CapitalizationC$8.75 billionP/E Ratio11.42Dividend Yield6.10%Price TargetC$44.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlines Get IGM Financial alerts: Email Address IGM Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside19.3% UpsideC$44.00 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.30Based on 2 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.1.46 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 3 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 6.12%, 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 1.8 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.30. 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 0.91 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 2 news articles for IGM Financial this week, compared to 2 articles on an average week.Search Interest6 people have searched for IGM on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 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 8.02% 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 11.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.03.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 11.42, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 445.93.Price to Earnings Growth RatioIGM Financial has a PEG Ratio of 4.04. 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 1.27. 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 Warrior Life(Free Workshop) Advanced “bug-out bag” hacks!“Do you have a ‘bug-out bag’ (survival kit) ready to grab-and-go when a disaster or other crisis strikes?” Most citizens don’t… but according to my friend (and best-selling survival author), Jeff, even the hardcore “preppers” who cherish their bug-out bags are doing it all wrong!All the details are right here… 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 HeadlinesJune 15 at 2:35 AM | americanbankingnews.comIGM Financial (TSE:IGM) Share Price Passes Above 200-Day Moving Average of $35.47June 10, 2024 | americanbankingnews.comIGM Financial Inc. (TSE:IGM) Receives C$44.00 Average Price Target from AnalystsMay 29, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Financial Stocks: Factset Research (FDS) and Equitable Group (OtherEQGPF)May 29, 2024 | finance.yahoo.comIG Wealth Management Annual Estate Planning Study: Critical Gaps Exist in Canadians' KnowledgeMay 21, 2024 | finance.yahoo.comExploring Three TSX Dividend Stocks For Your PortfolioMay 13, 2024 | markets.businessinsider.comAnalysts Are Neutral on These Financial Stocks: CI Financial (CIXXF), TCG BDC (CGBD)May 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 | 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 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 CategoriesSee 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 Ex-Dividend for 4/30 Dividend3/27/2024Dividend Payable4/30/2024Last Earnings5/02/2024Today6/16/2024Ex-Dividend for 7/31 Dividend6/28/2024Dividend Payable7/31/2024Next 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+19.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.23 Trailing P/E Ratio11.42 Forward P/E Ratio9.54 P/E Growth4.04Net 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 / Sales2.45 Cash FlowC$4.21 per share Price / Cash Flow8.75 Book ValueC$28.96 per share Price / Book1.27Miscellaneous Outstanding Shares237,360,000Free FloatN/AMarket CapC$8.75 billion OptionableNot Optionable Beta1.55 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 60)President, CEO & Director Comp: $3.9MMr. Keith David Bernard PotterExecutive VP & CFOMr. Damon MurchisonPresident & CEO of IG Wealth ManagementMr. Luke GouldPresident & CEO of Mackenzie InvestmentsMs. Nancy Elizabeth McCuaigExecutive VP & COOSam BurnsExecutive VP & Chief Information OfficerMs. 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 InvestmentsMore ExecutivesKey CompetitorsBrookfield Asset ManagementTSE:BAMOnexTSE:ONEXCI FinancialTSE:CIXSprottTSE:SIIFairfax IndiaTSE:FIH.UView 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 equities research analysts have issued 1-year price targets for IGM Financial's stock. Their IGM share price targets range from C$40.00 to C$46.00. On average, they expect the company's stock price to reach C$44.00 in the next twelve months. This suggests a possible upside of 19.3% 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 beginning of 2024. Since then, IGM shares have increased by 5.3% and is now trading at C$36.88. 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 quarterly earnings results on Thursday, May, 2nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.03. The financial services provider earned $811.67 million during the quarter, compared to analyst estimates of $796.65 million. IGM Financial had a net margin of 27.67% and a trailing twelve-month return on equity of 11.63%. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial announced a quarterly dividend on Thursday, May 2nd. Investors of record on Friday, June 28th will be given a dividend of 0.563 per share on Wednesday, July 31st. This represents a $2.25 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend 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 6.12%. 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 6/17/2024 by MarketBeat.com Staff From Our PartnersTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredHurry! Buy this stock before the Robinhood traders do!Robinhood traders have piled $78 billion into this market... 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