TSE:IGM IGM Financial (IGM) Stock Forecast, Price & News C$35.91 -0.84 (-2.29%) (As of 05:08 PM ET) Add Compare Share Share Today's RangeC$35.84▼C$36.7550-Day RangeC$36.75▼C$41.9152-Week RangeC$33.45▼C$43.97Volume134,633 shsAverage Volume239,451 shsMarket CapitalizationC$8.55 billionP/E Ratio8.89Dividend Yield6.27%Price TargetC$45.63 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media IGM Financial MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside26.9% UpsideC$45.63 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.75Based 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.2.02 out of 5 stars 3.2 Analyst's Opinion Consensus RatingIGM Financial has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$45.63, IGM Financial has a forecasted upside of 26.9% from its current price of C$35.94.Amount of Analyst CoverageIGM Financial has only been the subject of 3 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 5.97%, 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 55.69%. 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 1.5 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.75. 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 1.02 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 2 news articles for IGM Financial this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added IGM Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. 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 8.90% 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 8.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.06.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 8.90, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 250.03.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 1.38. 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; and IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program. It also provides mutual funds; managed solutions; 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 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. operates as a subsidiary of Power Financial Corporation.Read More IGM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IGM Stock News HeadlinesSeptember 27, 2023 | finance.yahoo.comIG Wealth Management Life Insurance Study: Most Affluent Canadians Unclear About the Important Role Life Insurance Can Play in Estate PlanningSeptember 25, 2023 | finance.yahoo.comMackenzie Investments Announces Changes to Select Mutual Funds and ETFsSeptember 27, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 19, 2023 | markets.businessinsider.comRBC Capital Keeps Their Sell Rating on Chesswood (CHW)September 12, 2023 | finance.yahoo.comMackenzie Investments Announces September 2023 Quarterly Distributions for its Exchange Traded FundsSeptember 6, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc down on Wednesday (IGM)September 5, 2023 | finance.yahoo.comIGM Financial Inc.'s President and CEO, James O'Sullivan, to speak at Scotiabank 24th Annual Financials Summit on September 7August 28, 2023 | finance.yahoo.comMackenzie Investments Announces August 2023 Distributions for its Exchange Traded FundsSeptember 27, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.August 16, 2023 | markets.businessinsider.comNational Bank Thinks ECN Capital’s Stock is Going to RecoverAugust 14, 2023 | markets.businessinsider.comRBC Capital Maintains a Hold Rating on Power Corp of Canada (POW)August 9, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Hold Rating for Alaris Royalty (AD.UN)August 4, 2023 | markets.businessinsider.comDefinity Financial Corp. (DFY) Receives a Buy from RBC CapitalAugust 4, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: IGM Financial (OtherIGIFF) and Verisk Analytics (VRSK)August 3, 2023 | markets.businessinsider.comTD Securities Maintains a Hold Rating on First National Financial (FN)August 3, 2023 | markets.businessinsider.comRBC Capital Reaffirms Their Hold Rating on First National Financial (FN)August 3, 2023 | finance.yahoo.comIGM Financial to Host Investor Day in TorontoAugust 2, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: CI Financial (OtherCIXXF) and Global Payments (GPN)July 30, 2023 | msn.comFor $658/Month in Passive Income, Buy This Much of 1 StockJuly 27, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Hold Rating for Power Corp of Canada (POW)July 6, 2023 | finance.yahoo.comMackenzie Investments and Primerica Financial Services Launch Actively Managed Shariah-Compliant Mutual FundJune 30, 2023 | markets.businessinsider.comIGM Financial (IGIFF) Receives a Hold from BMO CapitalJune 29, 2023 | msn.comIGM Financial to streamline operations to rein in costsJune 29, 2023 | marketwatch.comIGM Financial to Cut Costs, Consolidate Real Estate FootprintJune 29, 2023 | bloomberg.comIGM Financial to Cut Jobs, Reduce Office Space in Savings PushJune 29, 2023 | finance.yahoo.comIGM Financial Streamlines Organization to Unlock Savings and Drive GrowthJune 28, 2023 | markets.businessinsider.comBrookfield Asset Management Ltd. Class A (BAM) Gets a Buy Rating from RBC CapitalSee 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 IGM Company Calendar Ex-Dividend for 7/31 Dividend6/29/2023Dividend Payable7/31/2023Last Earnings8/02/2023Today9/27/2023Ex-Dividend for 10/31 Dividend9/28/2023Dividend Payable10/31/2023Next Earnings (Estimated)11/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Asset Management Sub-IndustryN/A SectorFinancial Services 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$45.63 High Stock Price ForecastC$50.00 Low Stock Price ForecastC$38.00 Forecasted Upside/Downside+26.7%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)C$4.04 Trailing P/E Ratio8.91 Forward P/E Ratio9.19 P/E Growth14.05Net IncomeC$962.15 million Net Margins24.35% Pretax MarginN/A Return on Equity15.76% Return on Assets4.84% Debt Debt-to-Equity Ratio50.09 Current Ratio1.67 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.94 billion Price / Sales2.18 Cash FlowC$4.11 per share Price / Cash Flow8.75 Book ValueC$25.95 per share Price / Book1.39Miscellaneous Outstanding Shares238,070,000Free FloatN/AMarket CapC$8.57 billion OptionableOptionable Beta1.54 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 59)Pres, CEO & Director Comp: $3.92MMr. Keith David Bernard PotterExec. VP & CFOMr. Michael DibdenCOO & Exec. VPMr. Damon MurchisonPres & CEO of IG Wealth ManagementMr. Luke GouldPres & CEO of Mackenzie InvestmentsMr. Blaine ShewchukPres & CEO of Investment Planning Counsel Inc.Ms. Rhonda Suzanne GoldbergExec. VP & Gen. CounselMr. Douglas Gordon McIntosh MilneExec. VP & Chief Marketing OfficerMs. Cynthia CurrieExec. VP & Chief HR OfficerMs. Kristin Elizabeth AshcroftExec. Vice-Pres of Products & Solutions for Mackenzie InvestmentsMore ExecutivesKey CompetitorsOnexTSE:ONEXCI FinancialTSE:CIXBrookfield Asset ManagementTSE:BAMiA FinancialTSE:IAGTMX GroupTSE:XView All Competitors IGM Stock - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IGM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IGM, but not buy additional shares or sell existing shares. View IGM analyst ratings or view top-rated stocks. What is IGM Financial's stock price forecast for 2023? 5 brokers have issued 1-year price targets for IGM Financial's shares. Their IGM share price forecasts range from C$38.00 to C$50.00. On average, they predict the company's stock price to reach C$45.63 in the next year. This suggests a possible upside of 26.7% 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 stock has decreased by 4.7% and is now trading at C$36.01. 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, November 2nd 2023. View our IGM earnings forecast. How were IGM Financial's earnings last quarter? IGM Financial Inc. (TSE:IGM) announced its earnings results on Wednesday, August, 2nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. The financial services provider earned $771.65 million during the quarter, compared to the consensus estimate of $765 million. IGM Financial had a trailing twelve-month return on equity of 15.76% and a net margin of 24.35%. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Friday, September 29th will be given a dividend of 0.563 per share on Tuesday, October 31st. This represents a $2.25 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, September 28th. 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 5.97%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.69%. 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$36.01. How much money does IGM Financial make? IGM Financial (TSE:IGM) has a market capitalization of C$8.57 billion and generates C$3.94 billion in revenue each year. The financial services provider earns C$962.15 million in net income (profit) each year or C$4.04 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 9/27/2023 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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