TSE:IGM

IGM Financial Stock Forecast, Price & News

C$44.56

+0.22 (+0.50 %)

(As of 06/11/2021 12:00 AM ET)

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Today's Range

C$44.09

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C$44.56

50-Day Range

C$38.87

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C$45.20

52-Week Range

C$28.88

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C$45.66

Volume515,648 shs

Average Volume356,637 shs

Market CapitalizationC$10.62 billion

P/E Ratio13.18

Dividend Yield5.07%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About IGM Financial

IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform. It also provides mutual funds; portfolios; IG Advisory Account, a fee-based account that enhances client experience by offering the ability to simplify and consolidate selected investments into a single account; iProfile Private portfolios, a portfolio management program for households with investments; iProfile Portfolios, a suite of four managed solutions; segregated funds; separately managed and fee-based brokerage accounts; insurance products; and securities services. In addition, the company offers management and related services; global private equity, private credit, and infrastructure investment solutions; and exchange traded funds. The company was incorporated in 1978 and is headquartered in Winnipeg, Canada. IGM Financial Inc. is a subsidiary of Power Financial Corporation.

IGM Financial (TSE:IGM) Share Price Crosses Above 200-Day Moving Average of $0.00
June 12, 2021 | americanbankingnews.com

Down Day on N. American Markets
June 9, 2021 | ca.finance.yahoo.com

IGM Financial (TSE:IGM) Stock Price Crosses Above 200 Day Moving Average of $0.00
June 4, 2021 | americanbankingnews.com

IGM Financial Inc. Announces May 2021 Record High Net Flows and Assets Under Management & Advisement
June 3, 2021 | finance.yahoo.com

Should You Be Adding IGM Financial (TSE:IGM) To Your Watchlist Today?
May 24, 2021 | finance.yahoo.com

IGM Financial Inc. (TSE:IGM) Receives Average Recommendation of "Buy" from Analysts
May 21, 2021 | americanbankingnews.com

Sharon MacLeod
May 19, 2021 | theglobeandmail.com

Almost 90 per cent of Financial Advisors lack a formalized succession plan
May 19, 2021 | finance.yahoo.com

IGM Financial (TSE:IGM) Stock Passes Above 200-Day Moving Average of $36.86
May 19, 2021 | americanbankingnews.com

Mackenzie Investments Partners with Wealthsimple to Launch Canada's First Shariah-Compliant ETF
May 12, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Asset Management
Sub-IndustryN/A
SectorFinancial Services
Current SymbolTSE:IGM
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.igmfinancial.com
Phone+1-204-9430361
Employees3,300
Year FoundedN/A

Sales & Book Value

Annual SalesC$3.55 billion
Price / Sales2.99
Cash FlowC$2.95 per share
Price / Cash Flow15.10
Book ValueC$24.91 per share
Price / Book1.79

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares238,383,000
Market CapC$10.62 billion
Next Earnings Date8/5/2021 (Estimated)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.85 out of 5 stars

3.4 Analyst's Opinion

Consensus Rating
IGM Financial has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$49.88, IGM Financial has a forecasted upside of 11.9% from its current price of C$44.56.
Amount of Analyst Coverage
IGM Financial has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.5 Community Rank

Outperform Votes
IGM Financial has received 281 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
IGM Financial has received 646 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
IGM Financial has received 69.69% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about IGM Financial and other stocks. Vote “Outperform” if you believe IGM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IGM will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
IGM Financial is a leading dividend payer. It pays a dividend yield of 5.07%, 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 66.57%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IGM Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$48,972.00 in company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of IGM Financial is 13.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of IGM Financial is 13.18, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 24.94.
Price to Earnings Growth Ratio
IGM Financial has a PEG Ratio of 0.98. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
IGM Financial has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

IGM Financial (TSE:IGM) Frequently Asked Questions

Is IGM Financial a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IGM Financial stock.
View analyst ratings for IGM Financial or view top-rated stocks.

What stocks does MarketBeat like better than IGM Financial?

Wall Street analysts have given IGM Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but IGM Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is IGM Financial's next earnings date?

IGM Financial is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for IGM Financial.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) released its quarterly earnings data on Thursday, May, 6th. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by $0.02. The financial services provider had revenue of $800.46 million for the quarter, compared to analysts' expectations of $806 million.
View IGM Financial's earnings history.

How has IGM Financial's stock been impacted by COVID-19 (Coronavirus)?

IGM Financial's stock was trading at C$31.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IGM stock has increased by 43.3% and is now trading at C$44.56.
View which stocks have been most impacted by COVID-19.

How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial?

IGM Financial declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, December 31st will be given a dividend of 0.563 per share on Friday, January 29th. This represents a $2.25 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Wednesday, December 30th.
View IGM Financial's dividend history.

Is IGM Financial a good dividend stock?

IGM Financial pays an annual dividend of C$2.25 per share and currently has a dividend yield of 5.07%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of IGM Financial is 66.57%. This payout ratio is at a healthy, sustainable level, below 75%.
View IGM Financial's dividend history.

What price target have analysts set for IGM?

8 equities research analysts have issued 12 month price objectives for IGM Financial's stock. Their forecasts range from C$44.00 to C$55.00. On average, they anticipate IGM Financial's share price to reach C$49.88 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
View analysts' price targets for IGM Financial or view top-rated stocks among Wall Street analysts.

Who are IGM Financial's key executives?

IGM Financial's management team includes the following people:

Mr. James O'Sullivan, Pres, CEO & Director (Age 57, Pay $1.96M)
Mr. Luke Gould, Exec. VP & CFO
Mr. Jeffrey Robert Carney CFA, Advisor (Age 59, Pay $3.59M)
Mr. Damon Murchison, Pres & CEO of IG Wealth Management
Mr. Barry Sean McInerney CFA, Pres & CEO of Mackenzie Investments
Mr. Michael Dibden, Chief Operating Officer
Mr. Keith Potter, Head of Investor Relations & Treasurer
Ms. Rhonda Suzanne Goldberg, Exec. VP & Gen. Counsel
Mr. Douglas Gordon McIntosh Milne, Exec. VP and Chief Marketing & Strategy Officer
Mr. Blaine Shewchuk, Exec. VP, Chief Strategy & Corp. Devel. Officer

Who are some of IGM Financial's key competitors?

Some companies that are related to IGM Financial include Scottish Mortgage Investment Trust (SMT), 3i Group (III), Schroders (SDR), DWS Group GmbH & Co. KGaA (DWS), Hargreaves Lansdown (HL), Onex (ONEX), Schroders (SDRC), TMX Group (X), Intermediate Capital Group (ICP), M&G (MNG), Octagonal Plc (OCT.L) (OCT), Norbord (OSB), F&C Investment Trust (FCIT), CI Financial (CIX) and RIT Capital Partners (RCP).
View all of IGM's competitors.

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), RiverFront Dynamic Unconstrained Income ETF (RFUN), Financial Select Sector SPDR Fund (XLF), iShares S&P SmallCap 600 ETF (IJR), iShares Global Infrastructure ETF (IGF), First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) and PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS).

What is IGM Financial's stock symbol?

IGM Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IGM."

How do I buy shares of IGM Financial?

Shares of IGM 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.

What is IGM Financial's stock price today?

One share of IGM stock can currently be purchased for approximately C$44.56.

How much money does IGM Financial make?

IGM Financial has a market capitalization of C$10.62 billion and generates C$3.55 billion in revenue each year.

How many employees does IGM Financial have?

IGM Financial employs 3,300 workers across the globe.

What is IGM Financial's official website?

The official website for IGM Financial is www.igmfinancial.com.

Where are IGM Financial's headquarters?

IGM Financial is headquartered at 447 Portage Avenue, WINNIPEG, MB R3C 3B6, Canada.

How can I contact IGM Financial?

IGM Financial's mailing address is 447 Portage Avenue, WINNIPEG, MB R3C 3B6, Canada. The financial services provider can be reached via phone at +1-204-9430361.

This page was last updated on 6/13/2021 by MarketBeat.com Staff

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