TSE:IGM IGM Financial (IGM) Stock Price, News & Analysis → The Gold Grab of the Century (From Colonial Metals) (Ad) Free igm Stock Alerts C$37.96 +2.23 (+6.24%) (As of 05/3/2024 ET) Add Compare Share Share Today's RangeC$35.72▼C$38.0650-Day RangeC$33.29▼C$37.9652-Week RangeC$30.34▼C$42.02Volume475,412 shsAverage Volume249,495 shsMarket CapitalizationC$9.04 billionP/E Ratio9.78Dividend Yield5.93%Price TargetC$43.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get IGM Financial alerts: Email Address IGM Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside13.7% UpsideC$43.17 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.78Based on 28 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.3.15 out of 5 stars 3.3 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 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 6.44%, 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 57.99%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IGM. Previous Next 2.7 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.78. 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 higher news sentiment than the 0.54 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 28 news articles for IGM Financial this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for IGM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added IGM Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 Insiders59.04% 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 8.40% of the stock of IGM Financial is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of IGM Financial is 9.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.16.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 9.78, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 451.47.Price to Earnings Growth RatioIGM Financial has a PEG Ratio of 4.24. 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 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchGlobal crypto currency reset (41 major banks signed up)Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project... Here's everything you need to know. 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 HeadlinesMay 5, 2024 | theglobeandmail.comWealthsimple experiencing massive growth after two quarters of record asset gainsMay 5, 2024 | americanbankingnews.comIGM Financial (TSE:IGM) PT Raised to C$45.00May 5, 2024 | Colonial Metals (Ad)The asset beating inflation by 4x"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.May 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 3, 2024 | americanbankingnews.comFY2024 Earnings Estimate for IGM Financial Inc. Issued By National Bank Financial (TSE:IGM)May 5, 2024 | Colonial Metals (Ad)The asset beating inflation by 4x"Trump Loophole" Beats Inflation? Inflation has been out of control for years. Forcing you to work longer and harder for more money that is worth less. By using the "Trump Loophole", you can use a special retirement account to buy gold — and other precious metals — without taxes or penalties.May 2, 2024 | finance.yahoo.comMorning News Call - Canada, May 2May 2, 2024 | americanbankingnews.comIGM Financial Inc. (TSE:IGM) to Post Q1 2024 Earnings of $0.91 Per Share, National Bank Financial ForecastsMay 1, 2024 | americanbankingnews.comIGM Financial (TSE:IGM) Price Target Increased to C$45.00 by Analysts at ScotiabankApril 30, 2024 | msn.comStruggling beverage chain gets a new key investorApril 30, 2024 | msn.comA popular restaurant is stepping into the world of gamblingApril 27, 2024 | americanbankingnews.comTD Securities Increases IGM Financial (TSE:IGM) Price Target to C$42.00April 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 25, 2024 | americanbankingnews.comIGM Financial (IGM) Set to Announce Quarterly Earnings on ThursdayApril 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 CategoriesApril 15, 2024 | finance.yahoo.comLife Design Analysis Announces Partnership with IG Wealth Management to Enhance Advisor and Client Insurance ExperienceApril 15, 2024 | finance.yahoo.comInvesting in London's Health & Homelessness Fund for ChangeApril 11, 2024 | finance.yahoo.comCapIntel Renews Partnership with IG Wealth ManagementApril 10, 2024 | seekingalpha.comIGM:CA IGM Financial Inc.See 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 Last Earnings2/15/2024Ex-Dividend for 4/30 Dividend3/27/2024Dividend Payable4/30/2024Today5/05/2024Next 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$43.17 High Stock Price TargetC$46.00 Low Stock Price TargetC$36.00 Potential Upside/Downside+13.7%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.88 Trailing P/E Ratio9.78 Forward P/E Ratio10.23 P/E Growth4.24Net IncomeC$925.76 million Net Margins31.03% Pretax MarginN/A Return on Equity14.46% Return on Assets4.71% Debt Debt-to-Equity Ratio38.26 Current Ratio1.94 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.70 billion Price / Sales2.44 Cash FlowC$4.34 per share Price / Cash Flow8.75 Book ValueC$27.97 per share Price / Book1.36Miscellaneous Outstanding Shares238,140,000Free FloatN/AMarket CapC$9.04 billion OptionableNot Optionable Beta1.58 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 60)President, CEO & Director Comp: $3.9MMr. Keith David Bernard PotterExecutive VP & CFOMr. Michael DibdenCOO & Executive VPMr. Damon MurchisonPresident & CEO of IG Wealth ManagementMr. Luke GouldPresident & CEO of Mackenzie InvestmentsMs. 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 InvestmentsHerpreet LambaSenior Vice President Financial ServicesMore ExecutivesKey CompetitorsOnexTSE:ONEXCI FinancialTSE:CIXBrookfield Asset ManagementTSE:BAMiA FinancialTSE:IAGTMX GroupTSE:XView All Competitors IGM Stock Analysis - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 6 Wall Street 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 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 brokerages have issued 1-year price objectives for IGM Financial's shares. Their IGM share price targets range from C$36.00 to C$46.00. On average, they expect the company's stock price to reach C$43.17 in the next twelve months. This suggests a possible upside of 13.7% 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 on January 1st, 2024. Since then, IGM stock has increased by 8.4% and is now trading at C$37.96. 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) released its earnings results on Thursday, February, 15th. The financial services provider reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.89 by $0.05. The financial services provider had revenue of $768.80 million for the quarter, compared to the consensus estimate of $773 million. IGM Financial had a net margin of 31.03% and a trailing twelve-month return on equity of 14.46%. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial declared a quarterly dividend on Thursday, May 2nd. Shareholders of record on Friday, June 28th will be paid a dividend of 0.563 per share on Wednesday, July 31st. This represents a $2.25 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date 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 6.44%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.99%. 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 5/5/2024 by MarketBeat.com Staff From Our PartnersBiden to Launch “FedNOW” [Move Your Money Now]Priority GoldElon to Transform U.S. Economy? Porter & CompanyConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsCould Your Accounts Be Frozen?Allegiance GoldGlobal crypto currency reset (41 major banks signed up)Stansberry ResearchHave You Seen Elon’s New A.I. Device? 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