TSE:IGM IGM Financial (IGM) Stock Forecast, Price & News C$39.70 +0.25 (+0.63%) (As of 06/2/2023 ET) Add Compare Share Share Today's RangeC$39.13▼C$39.8350-Day RangeC$38.57▼C$41.5852-Week RangeC$33.45▼C$43.97Volume297,538 shsAverage Volume276,870 shsMarket CapitalizationC$9.45 billionP/E Ratio9.17Dividend Yield5.67%Price TargetC$46.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media IGM Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside16.5% UpsideC$46.25 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™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.66 out of 5 stars 2.3 Analyst's Opinion Consensus RatingIGM Financial has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$46.25, IGM Financial has a forecasted upside of 16.5% from its current price of C$39.70.Amount of Analyst CoverageIGM Financial has only been the subject of 2 research reports in the past 90 days. 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 5.70%, 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 51.96%. 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 1.3 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 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for IGM Financial this week, compared to 2 articles on an average week. Previous Next 0.0 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 InsidersOnly 0.12% of the stock of IGM Financial is held by insiders.Percentage Held by InstitutionsOnly 8.73% 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 9.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.97.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 9.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.84.Price to Earnings Growth RatioIGM Financial has a PEG Ratio of 14.05. 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 1.49. 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 About IGM Financial (TSE:IGM) StockIGM 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.Read More 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 IGM Stock News HeadlinesMay 31, 2023 | ca.finance.yahoo.comThis Magnificent Stock Pays a 5.9% Yield Right NowMay 31, 2023 | msn.comFranklin Templeton to buy Putnam Investments from Great-West Lifeco for $925 millionJune 4, 2023 | Legacy Research (Affiliate) (Ad)From -60% Account to Doubling His Money?After helping his readers double their money 13 TIMES in the last year alone… There’s ONE person trader Jeff Clark has NOT been able to help! His 23-year-old son, Grant.May 26, 2023 | finance.yahoo.comMackenzie Investments Announces May 2023 Distributions for its Exchange Traded FundsMay 24, 2023 | finance.yahoo.comIGM Financial Announces $300 Million Offering of DebenturesMay 15, 2023 | finance.yahoo.comIG Wealth Management Estate Planning Study: Despite Aging Population, Most Canadians Lack Estate PlanMay 13, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc down on Friday (IGM)May 12, 2023 | markets.businessinsider.comBMO Capital downgrades CI Financial (CIXXF) to a HoldJune 4, 2023 | Behind the Markets (Ad)[BREAKING] Small Firm Develops World's First Anti-Aircraft LaserSmall cap wins $1.65 billion contract to make them. GlobeNewswire says this is a $51.1 Billion market by 2026. See why this stock could soar 2,476% >>>May 9, 2023 | americanbankingnews.comFY2023 Earnings Forecast for IGM Financial Inc. Issued By National Bank Financial (TSE:IGM)May 8, 2023 | americanbankingnews.comIGM Financial (TSE:IGM) PT Lowered to C$44.00 at BMO Capital MarketsMay 7, 2023 | americanbankingnews.comIGM Financial (TSE:IGM) Price Target Lowered to C$49.00 at Royal Bank of CanadaMay 6, 2023 | americanbankingnews.comIGM Financial (TSE:IGM) Given New C$47.00 Price Target at ScotiabankMay 5, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Physicians Realty (DOC) and IGM Financial (OtherIGIFF)May 5, 2023 | americanbankingnews.comNational Bank Financial Research Analysts Cut Earnings Estimates for IGM Financial Inc. (TSE:IGM)May 5, 2023 | americanbankingnews.comIGM Financial Inc. (TSE:IGM) Expected to Earn Q1 2023 Earnings of $0.84 Per ShareMay 2, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc down on Tuesday (IGM)May 2, 2023 | markets.businessinsider.comIGM Financial is about to announce its earnings — here's what Wall Street expectsApril 29, 2023 | americanbankingnews.comIGM Financial (TSE:IGM) Given New C$46.00 Price Target at BMO Capital MarketsApril 26, 2023 | markets.businessinsider.comCanaccord Genuity Reaffirms Their Buy Rating on CI Financial (CIXXF)April 25, 2023 | markets.businessinsider.comRBC Capital Sticks to Their Hold Rating for IGM Financial (IGIFF)April 24, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc down on Monday (IGM)April 18, 2023 | markets.businessinsider.comBank of America Securities Sticks to Its Buy Rating for IGM Biosciences (IGMS)April 15, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc up on Friday (IGM)April 14, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc up on Thursday (IGM)April 12, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc up on Tuesday (IGM)April 12, 2023 | finance.yahoo.comIGM Financial Inc. to announce first quarter 2023 results on May 3, 2023See More Headlines IGM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IGM Company Calendar Ex-Dividend for 4/28 Dividend3/30/2023Dividend Payable4/28/2023Today6/03/2023Ex-Dividend for 7/31 Dividend6/29/2023Dividend Payable7/31/2023Next Earnings (Estimated)8/03/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Asset Management Sub-IndustryN/A SectorFinance Current SymbolTSE:IGM CUSIPN/A CIKN/A Webwww.igmfinancial.com Phone+1-204-9430361FaxN/AEmployees3,300Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$46.25 High Stock Price ForecastC$50.00 Low Stock Price ForecastC$38.00 Forecasted Upside/Downside+16.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$4.33 Trailing P/E Ratio9.17 Forward P/E Ratio11.21 P/E Growth14.05Net IncomeC$1.03 billion Net Margins26.26% Pretax MarginN/A Return on Equity16.18% Return on Assets5.14% Debt Debt-to-Equity Ratio35.67 Current Ratio1.81 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.92 billion Price / Sales2.41 Cash FlowC$4.54 per share Price / Cash Flow8.75 Book ValueC$26.58 per share Price / Book1.49Miscellaneous Outstanding Shares238,040,000Free FloatN/AMarket CapC$9.45 billion OptionableOptionable Beta1.55 Key ExecutivesMr. James O'Sullivan (Age 58)Pres, CEO & Director Comp: $4.03MMr. Michael DibdenCOO & Exec. VPMr. Damon MurchisonPres & CEO of IG Wealth ManagementMr. Luke GouldPres & CEO of Mackenzie InvestmentsMr. Keith PotterExec. VP & CFOMs. Rhonda Suzanne GoldbergExec. VP & Gen. CounselMr. Douglas Gordon McIntosh MilneExec. VP and Chief Marketing & Strategy OfficerMs. Cynthia CurrieExec. VP & Chief HR OfficerMr. Jeffrey Robert Carney CFA (Age 60)Advisor Ms. Kristin Elizabeth AshcroftExec. Vice-Pres of Products & Solutions for Mackenzie InvestmentsMore ExecutivesKey CompetitorsTMX GroupTSE:XOnexTSE:ONEXCI FinancialTSE:CIXBrookfield Asset ManagementTSE:BAMiA FinancialTSE:IAGView All Competitors IGM Stock - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IGM shares. View IGM analyst ratings or view top-rated stocks. What is IGM Financial's stock price forecast for 2023? 3 analysts have issued 12-month price targets for IGM Financial's shares. Their IGM share price forecasts range from C$38.00 to C$50.00. On average, they anticipate the company's share price to reach C$46.25 in the next twelve months. This suggests a possible upside of 16.5% 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 2023? IGM Financial's stock was trading at C$37.80 at the beginning of the year. Since then, IGM shares have increased by 5.0% and is now trading at C$39.70. View the best growth stocks for 2023 here. When is IGM Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our IGM earnings forecast. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Friday, June 30th will be paid a dividend of 0.563 per share on Monday, July 31st. This represents a $2.25 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Thursday, June 29th. 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 5.79%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.96%. 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). 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 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. What is IGM Financial's stock price today? One share of IGM stock can currently be purchased for approximately C$39.70. How much money does IGM Financial make? IGM Financial (TSE:IGM) has a market capitalization of C$9.45 billion and generates C$3.92 billion in revenue each year. The financial services provider earns C$1.03 billion in net income (profit) each year or C$4.33 on an earnings per share basis. 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 R3C 3B6, Canada. The official website for the company is www.igmfinancial.com. The financial services provider can be reached via phone at +1-204-9430361. This page (TSE:IGM) was last updated on 6/4/2023 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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