OTCMKTS:IGIFF

IGM Financial (IGIFF) Stock Forecast, Price & News

$28.49

0.00 (0.00%)

(As of 05/26/2023 ET)

Compare

Today's Range: $28.49
▼
$28.49
50-Day Range: $28.49
▼
$31.00
52-Week Range: $24.78
▼
$33.21

Volume: N/A
Average Volume: 3,804 shs
Market Capitalization: N/A

P/E Ratio: 8.99
Dividend Yield: 7.55%
Price Target: $46.29

Profile Analyst Ratings Chart Competitors Dividend Headlines Short Interest

IGM Financial MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 62.5% Upside
$46.29 Price Target
Short Interest: Bearish
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.05
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

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 Rating
IGM 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/Downside
According 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 Coverage
IGM Financial has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
IGM Financial has a short interest ratio ("days to cover") of 487.4, which indicates bearish sentiment.
Change versus previous month
Short interest in IGM Financial has recently increased by 120.01%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
IGM 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 Growth
IGM Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of IGM Financial is 67.85%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IGIFF.

1.7

News and Social Media Coverage

News Sentiment
IGM 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 Week
MarketBeat has tracked 2 news articles for IGM Financial this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IGM Financial insiders have not sold or bought any company stock.
Percentage Held by Institutions
74.96% of the stock of IGM Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The 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. Sector
The 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.

See Top Rated MarketRank™ Stocks Here

About IGM Financial (OTCMKTS:IGIFF) Stock

IGM 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 distribut

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IGIFF Stock News Headlines

May 28, 2023 | americanbankingnews.com

IGM Financial Inc. (OTCMKTS:IGIFF) Sees Significant Growth in Short Interest

May 8, 2023 | finance.yahoo.com

IG Wealth Management Mortgage Study: Most Canadians Are Not Receiving the Financial Advice They Need When Getting a Mortgage

May 29, 2023 | Behind the Markets (Ad)

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May 8, 2023 | americanbankingnews.com

BMO Capital Markets Trims IGM Financial (OTCMKTS:IGIFF) Target Price to C$44.00

May 5, 2023 | finance.yahoo.com

IGM Financial's (TSE:IGM) three-year total shareholder returns outpace the underlying earnings growth

May 5, 2023 | msn.com

IGM Financial (IGIFF) Declares $0.56 Dividend

May 5, 2023 | americanbankingnews.com

IGM Financial (OTCMKTS:IGIFF) Given New C$49.00 Price Target at Royal Bank of Canada

May 3, 2023 | finance.yahoo.com

IGM FINANCIAL REPORTS FIRST QUARTER EARNINGS

May 29, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

May 3, 2023 | finance.yahoo.com

IG Wealth Management Walk for Alzheimer’s Returns

May 3, 2023 | finance.yahoo.com

IGM FINANCIAL INC. ANNOUNCES APRIL 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

April 25, 2023 | msn.com

IGM Biosciences (FRA:1K0) Price Target Decreased by 7.89% to 29.91

April 22, 2023 | marketwatch.com

COVID-19 IgM or IgG Antibody Rapid Test Kitss Market Top Players Wins Over New Customers 2023

April 18, 2023 | finance.yahoo.com

New Mackenzie ETF and Mutual Fund Enhance Investor Access to Corporate Knights' Global Top 100 Sustainable Companies

April 6, 2023 | americanbankingnews.com

IGM Financial (OTCMKTS:IGIFF) Upgraded to Buy by TD Securities

April 6, 2023 | americanbankingnews.com

IGM Financial (OTCMKTS:IGIFF) Price Target Increased to C$50.00 by Analysts at Royal Bank of Canada

April 6, 2023 | americanbankingnews.com

Scotiabank Increases IGM Financial (OTCMKTS:IGIFF) Price Target to C$49.00

April 5, 2023 | seekingalpha.com

TD Cowen turns bullish on IGM Financial after Rockefeller Capital deal

April 5, 2023 | msn.com

CANADA STOCKS-Energy, financials push TSX higher; IGM Financial climbs

April 4, 2023 | marketwatch.com

COVID-19 IgM & IgG Rapid Test Kits Market Insights: Forecasting Future Demand and Supply 2023-2029

April 4, 2023 | bloomberg.com

Desmarais Family’s IGM Aims for Rich Clients in Rockefeller Deal

April 4, 2023 | markets.businessinsider.com

Analysts Conflicted on These Financial Names: Digital Realty (DLR), Interactive Brokers (IBKR) and IGM Financial (OtherIGIFF)

April 3, 2023 | ca.finance.yahoo.com

Rockefeller Capital clinches $622 million investment from IGM Financial

April 3, 2023 | finance.yahoo.com

IGM Financial Acquires Stake in Rockefeller Capital Management to Enter the U.S. Wealth Management Market and Accelerate Growth

April 3, 2023 | finance.yahoo.com

IIROC Trading Halt - IGM

April 3, 2023 | finance.yahoo.com

White Hills Resort Wins Third Annual Mackenzie Top Peak Ski Community Contest

March 31, 2023 | benzinga.com

IGM Biosciences shares are trading lower after the company reported Q4 financial results.

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IGIFF Company Calendar

Ex-Dividend for 4/28 Dividend: 3/30/2023
Dividend Payable: 4/28/2023
Today: 5/29/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Asset Management
Sub-Industry: N/A
Sector: Finance
Current Symbol: OTCMKTS:IGIFF
Previous Symbol: NASDAQ:IGIFF
CUSIP: N/A
CIK: N/A
Web: www.igmfinancial.com
Phone: (204) 956-8328
Fax: N/A
Employees: 3,300
Year Founded: N/A

Price 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 Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 8.99
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

Key Executives

James O'Sullivan
President, Chief Executive Officer & Director

Michael Dibden
Chief Operating Officer

Keith Potter
Chief Financial Officer

Nancy McCuaig
Chief Technology & Data Officer, Senior VP

Cynthia Currie
Chief Human Resources Officer & Executive VP

Key Competitors

View 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

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IGM Financial (IGIFF) Stock Forecast, Price & News

IGM Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About IGM Financial (OTCMKTS:IGIFF) Stock

IGIFF Stock News Headlines

IGIFF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

IGIFF Stock - Frequently Asked Questions

Overall MarketRank^™