TSE:IGM IGM Financial (IGM) Stock Price, News & Analysis → 8,788% Return Predicted For THIS Crypto (already up 40% in 6 months) (From Paradigm Press) (Ad) Free IGM Stock Alerts C$34.90 +0.16 (+0.46%) (As of 03/18/2024 ET) Add Compare Share Share Today's RangeC$34.21▼C$35.0050-Day RangeC$34.35▼C$36.8152-Week RangeC$30.34▼C$42.02Volume324,370 shsAverage Volume257,022 shsMarket CapitalizationC$8.31 billionP/E Ratio8.99Dividend Yield6.45%Price TargetC$42.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get IGM Financial alerts: Email Address IGM Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside20.8% UpsideC$42.17 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.07Based on 4 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.1.84 out of 5 stars 2.3 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.Price Target Upside/DownsideAccording to analysts' consensus price target of C$42.17, IGM Financial has a forecasted upside of 20.8% from its current price of C$34.90.Amount of Analyst CoverageIGM Financial has only been the subject of 4 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 6.45%, 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 2.3 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.07. 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 0.82 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 4 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 Follows1 people have added IGM Financial to their MarketBeat watchlist in the last 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 Insiders66.12% 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 8.43% 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 8.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 152.71.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 Financial Services sector average P/E ratio of about 447.59.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 1.25. 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 Behind the MarketsThe only AI company you should be looking atThis is the ONLY AI company you should be watching right now. No. It's not Nvidia, Intel, or Microsoft... It's a tiny biotech using proprietary AI to assist in new drug discovery at a rate 100,000 times faster than a human. This new drug discovery technique will change the market. And that's why they received a $50 million investment from an AI powerhouse.Get the stock ticker here >>> 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 HeadlinesMarch 18, 2024 | nz.finance.yahoo.comParamount Names Australia/New Zealand Chief; Rob & Romesh Return For BAFTA TV Awards; Denmark’s Mint Sets Up In UK — Global BriefsMarch 16, 2024 | seekingalpha.comEquity Investors Plow Through Hot InflationMarch 19, 2024 | The Bull Report (Ad)The AI Bottleneck No One is Talking AboutRenewable energy is growing at an impressive speed - but not fast enough. This could be one of the greatest periods for the nuclear industry ever.March 15, 2024 | americanbankingnews.comIGM Financial (TSE:IGM) Shares Cross Above 200-Day Moving Average of $35.02March 14, 2024 | fxstreet.comToday it’s about the PPI – Gold and Bitcoin steadyMarch 11, 2024 | fxstreet.comNFP reveals contradiction, NVDA has a 10% swing, and the Fed is in lockdownMarch 5, 2024 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES FEBRUARY 2024 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSMarch 4, 2024 | theglobeandmail.comDiversity helps IGM and its people thriveMarch 19, 2024 | Porter & Company (Ad)Urgent new message from Porter StansberryI’ve been in the financial markets for close to three decades… Yet, I’ve never seen an opportunity that’s so urgent, so critical, and yet so overlooked than what is unfolding right now. You see, in one corner of the markets a financial anomaly has emerged that promises to be the single most important story of 2024.February 29, 2024 | markets.businessinsider.comTD Securities Keeps Their Buy Rating on Element Fleet Management (ELEEF)February 29, 2024 | finance.yahoo.comMackenzie Investments Announces Additional Final Year-End Reinvested Distributions for its Exchange Traded FundsFebruary 28, 2024 | markets.businessinsider.comScotiabank Keeps Their Hold Rating on Element Fleet Management (ELEEF)February 26, 2024 | finance.yahoo.comMackenzie Investments Announces February 2024 Distributions for its Exchange Traded FundsFebruary 23, 2024 | theglobeandmail.comThe highest-yielding stocks on the TSX, plus risk dataFebruary 20, 2024 | finance.yahoo.comNew Mackenzie Investments Solutions Offer Investors Access to Portfolio Diversification and Shariah-Compliant InvestingFebruary 19, 2024 | finance.yahoo.comUncovering 3 Canadian Dividend Stocks With Yields Reaching 7.1%February 16, 2024 | msn.comTSX in Green by NoonFebruary 15, 2024 | ca.finance.yahoo.comStocks Continue to ImproveFebruary 15, 2024 | msn.comBig Gains for TSX at OpenFebruary 15, 2024 | finance.yahoo.comAnnual IG Wealth Management Retirement Study: While Most Canadians 35+ May Be Saving for Retirement, Many Lack a PlanFebruary 14, 2024 | theglobeandmail.comPower Corp.’s new CFO joins as company plots a non-Desmarais succession strategyFebruary 14, 2024 | msn.comNATO chief says record number of U.S. allies will hit spending targetFebruary 14, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: goeasy (OtherEHMEF), Principal Financial (PFG) and Moody’s (MCO)February 14, 2024 | markets.businessinsider.comHere's what to expect from IGM Financial's earningsFebruary 14, 2024 | msn.comAuthor Who Forecasted 2008 Recession Warns U.S. Entering Debt 'Death Spiral'February 7, 2024 | finance.yahoo.comMackenzie Investments Announces Select Fund and ETF TerminationsFebruary 1, 2024 | msn.comBuy 1,200 Shares in This Top Dividend Stock for $1,000 in Quarterly Passive IncomeSee 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 Ex-Dividend for 1/31 Dividend12/28/2023Dividend Payable1/31/2024Last Earnings2/15/2024Today3/18/2024Ex-Dividend for 4/30 Dividend3/27/2024Dividend Payable4/30/2024Next Earnings (Estimated)5/01/2024Get 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$42.17 High Stock Price TargetC$46.00 Low Stock Price TargetC$36.00 Potential Upside/Downside+20.8%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.88 Trailing P/E Ratio8.99 Forward P/E Ratio9.51 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 / Sales2.25 Cash FlowC$3.99 per share Price / Cash Flow8.75 Book ValueC$27.97 per share Price / Book1.25Miscellaneous Outstanding Shares238,140,000Free FloatN/AMarket CapC$8.31 billion OptionableNot Optionable Beta1.58 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 60)President, CEO & Director Comp: $3.92MMr. 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 twelve months. 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 equities research analysts have issued 12-month target prices for IGM Financial's stock. Their IGM share price targets range from C$36.00 to C$46.00. On average, they expect the company's share price to reach C$42.17 in the next twelve months. This suggests a possible upside of 20.8% 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 at the beginning of the year. Since then, IGM shares have decreased by 0.3% and is now trading at C$34.90. 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, May 1st 2024. View our IGM earnings forecast. How were IGM Financial's earnings last quarter? IGM Financial Inc. (TSE:IGM) issued its quarterly earnings results on Thursday, February, 15th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $0.05. The financial services provider earned $768.80 million during the quarter, compared to the consensus estimate of $773 million. IGM Financial had a trailing twelve-month return on equity of 14.46% and a net margin of 31.03%. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.563 per share on Tuesday, April 30th. This represents a $2.25 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend is Wednesday, March 27th. 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 6.45%. 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressAltcoin FRENZY Alert…Crypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & Company 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. 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