OTCMKTS:IGIFF IGM Financial (IGIFF) Stock Forecast, Price & News $28.49 0.00 (0.00%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$28.49▼$28.4950-Day Range$28.49▼$31.0052-Week Range$24.78▼$33.21VolumeN/AAverage Volume3,804 shsMarket CapitalizationN/AP/E Ratio8.99Dividend Yield7.55%Price Target$46.29 ProfileProfileAnalyst RatingsChartCompetitorsDividendHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsDividendHeadlinesShort Interest IGM Financial MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside62.5% Upside$46.29 Price TargetShort InterestBearishDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.05Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.10 out of 5 stars 3.5 Analyst's Opinion Consensus RatingIGM Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $46.29, IGM Financial has a forecasted upside of 62.5% from its current price of $28.49.Amount of Analyst CoverageIGM Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverIGM Financial has a short interest ratio ("days to cover") of 487.4, which indicates bearish sentiment.Change versus previous monthShort interest in IGM Financial has recently increased by 120.01%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipIGM Financial is a leading dividend payer. It pays a dividend yield of 5.62%, 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 67.85%. 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 IGIFF. Previous Next 1.7 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.05. 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 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for IGM Financial this week, compared to 1 article on an average week. 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 Institutions74.96% of the stock of IGM Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of IGM Financial is 8.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.16.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 8.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 153.11. Previous Next See Top Rated MarketRank™ Stocks Here About IGM Financial (OTCMKTS:IGIFF) StockIGM Financial, Inc. operates as a financial services company, which engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Wealth Management, Asset Management, and Strategic Investments & Other. The Wealth Management segment reflects the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households, which includes the activities of IG Wealth Management and Investment Planning Counsel. These firms are retail distribution organizations who serve Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services, which also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services. The Asset Management segment reflects the activities of operating companies focused on providing investment management services and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributRead More Receive IGIFF 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 IGIFF Stock News HeadlinesMay 28, 2023 | americanbankingnews.comIGM Financial Inc. (OTCMKTS:IGIFF) Sees Significant Growth in Short InterestMay 8, 2023 | finance.yahoo.comIG Wealth Management Mortgage Study: Most Canadians Are Not Receiving the Financial Advice They Need When Getting a MortgageMay 29, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 8, 2023 | americanbankingnews.comBMO Capital Markets Trims IGM Financial (OTCMKTS:IGIFF) Target Price to C$44.00May 5, 2023 | finance.yahoo.comIGM Financial's (TSE:IGM) three-year total shareholder returns outpace the underlying earnings growthMay 5, 2023 | msn.comIGM Financial (IGIFF) Declares $0.56 DividendMay 5, 2023 | americanbankingnews.comIGM Financial (OTCMKTS:IGIFF) Given New C$49.00 Price Target at Royal Bank of CanadaMay 3, 2023 | finance.yahoo.comIGM FINANCIAL REPORTS FIRST QUARTER EARNINGSMay 29, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!May 3, 2023 | finance.yahoo.comIG Wealth Management Walk for Alzheimer’s ReturnsMay 3, 2023 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES APRIL 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSApril 25, 2023 | msn.comIGM Biosciences (FRA:1K0) Price Target Decreased by 7.89% to 29.91April 22, 2023 | marketwatch.comCOVID-19 IgM or IgG Antibody Rapid Test Kitss Market Top Players Wins Over New Customers 2023April 18, 2023 | finance.yahoo.comNew Mackenzie ETF and Mutual Fund Enhance Investor Access to Corporate Knights' Global Top 100 Sustainable CompaniesApril 6, 2023 | americanbankingnews.comIGM Financial (OTCMKTS:IGIFF) Upgraded to Buy by TD SecuritiesApril 6, 2023 | americanbankingnews.comIGM Financial (OTCMKTS:IGIFF) Price Target Increased to C$50.00 by Analysts at Royal Bank of CanadaApril 6, 2023 | americanbankingnews.comScotiabank Increases IGM Financial (OTCMKTS:IGIFF) Price Target to C$49.00April 5, 2023 | seekingalpha.comTD Cowen turns bullish on IGM Financial after Rockefeller Capital dealApril 5, 2023 | msn.comCANADA STOCKS-Energy, financials push TSX higher; IGM Financial climbsApril 4, 2023 | marketwatch.comCOVID-19 IgM & IgG Rapid Test Kits Market Insights: Forecasting Future Demand and Supply 2023-2029April 4, 2023 | bloomberg.comDesmarais Family’s IGM Aims for Rich Clients in Rockefeller DealApril 4, 2023 | markets.businessinsider.comAnalysts Conflicted on These Financial Names: Digital Realty (DLR), Interactive Brokers (IBKR) and IGM Financial (OtherIGIFF)April 3, 2023 | ca.finance.yahoo.comRockefeller Capital clinches $622 million investment from IGM FinancialApril 3, 2023 | finance.yahoo.comIGM Financial Acquires Stake in Rockefeller Capital Management to Enter the U.S. Wealth Management Market and Accelerate GrowthApril 3, 2023 | finance.yahoo.comIIROC Trading Halt - IGMApril 3, 2023 | finance.yahoo.comWhite Hills Resort Wins Third Annual Mackenzie Top Peak Ski Community ContestMarch 31, 2023 | benzinga.comIGM Biosciences shares are trading lower after the company reported Q4 financial results.See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IGIFF 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 IGIFF Company Calendar Ex-Dividend for 4/28 Dividend3/30/2023Dividend Payable4/28/2023Today5/29/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Asset Management Sub-IndustryN/A SectorFinance Current SymbolOTCMKTS:IGIFF Previous SymbolNASDAQ:IGIFF CUSIPN/A CIKN/A Webwww.igmfinancial.com Phone(204) 956-8328FaxN/AEmployees3,300Year FoundedN/APrice Target and Rating Average Stock Price Forecast$46.29 High Stock Price Forecast$50.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside+62.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio8.99 Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableNot Optionable BetaN/A Key ExecutivesJames O'SullivanPresident, Chief Executive Officer & DirectorMichael DibdenChief Operating OfficerKeith PotterChief Financial OfficerNancy McCuaigChief Technology & Data Officer, Senior VPCynthia CurrieChief Human Resources Officer & Executive VPKey Competitors3i GroupOTCMKTS:TGOPF3i GroupOTCMKTS:TGOPYAbrdn Australia Equity FundNYSEAMERICAN:IAFabrdn Global Premier Properties FundNYSE:AWPAdvent Convertible and Income FundNYSE:AVKView All Competitors IGIFF Stock - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IGIFF shares. View IGIFF analyst ratings or view top-rated stocks. What is IGM Financial's stock price forecast for 2023? 2 analysts have issued 12 month price objectives for IGM Financial's shares. Their IGIFF share price forecasts range from $40.00 to $50.00. On average, they anticipate the company's share price to reach $46.29 in the next twelve months. This suggests a possible upside of 62.5% from the stock's current price. View analysts price targets for IGIFF or view top-rated stocks among Wall Street analysts. How have IGIFF shares performed in 2023? IGM Financial's stock was trading at $27.90 on January 1st, 2023. Since then, IGIFF stock has increased by 2.1% and is now trading at $28.4920. View the best growth stocks for 2023 here. Are investors shorting IGM Financial? IGM Financial saw a increase in short interest in May. As of May 15th, there was short interest totaling 438,700 shares, an increase of 120.0% from the April 30th total of 199,400 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is currently 487.4 days. View IGM Financial's Short Interest. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial announced a dividend on Wednesday, March 22nd. Shareholders of record on Friday, March 31st will be given a dividend of $0.4193 per share on Friday, April 28th. This represents a yield of 5.74%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from the stock's previous dividend of $0.41. Read our dividend analysis for IGIFF. Is IGM Financial a good dividend stock? IGM Financial (OTCMKTS:IGIFF) pays an annual dividend of $2.15 per share and currently has a dividend yield of 5.62%. IGIFF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.85%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IGIFF. What is IGM Financial's stock symbol? IGM Financial trades on the OTCMKTS under the ticker symbol "IGIFF." How do I buy shares of IGM Financial? Shares of IGIFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is IGM Financial's stock price today? One share of IGIFF stock can currently be purchased for approximately $28.49. How many employees does IGM Financial have? The company employs 3,300 workers across the globe. How can I contact IGM Financial? IGM Financial's mailing address is 447 Portage Avenue, Winnipeg, MB R3B. The official website for the company is www.igmfinancial.com. The company can be reached via phone at (204) 956-8328. This page (OTCMKTS:IGIFF) was last updated on 5/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding IGM Financial Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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