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What Is WallStreetBets and What Stocks Are They Targeting?
Stop Day Trading - More Here (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Stop Day Trading - More Here (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
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DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Stop Day Trading - More Here (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
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Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
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TSE:IGM

IGM Financial - IGM Stock Forecast, Price & News

C$38.38
+0.53 (+1.40%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$38.03
C$38.47
50-Day Range
C$34.50
C$38.38
52-Week Range
C$33.80
C$51.68
Volume
166,357 shs
Average Volume
399,240 shs
Market Capitalization
C$9.12 billion
P/E Ratio
9.27
Dividend Yield
5.94%
Price Target
C$50.33
IGM stock logo

About IGM Financial (TSE:IGM) Stock

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 Trading Up 1.4 %

IGM Stock traded up C$0.53 during trading on Friday, hitting C$38.38. 166,357 shares of the company traded hands, compared to its average volume of 399,240. The firm has a market capitalization of C$9.12 billion and a PE ratio of 9.14. IGM Financial has a 1 year low of C$33.80 and a 1 year high of C$51.68. The company has a 50-day moving average of C$36.06 and a 200-day moving average of C$40.32. The company has a debt-to-equity ratio of 35.72, a quick ratio of 0.41 and a current ratio of 2.25.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IGM shares. Barclays lifted their target price on IGM Financial from C$38.00 to C$39.00 in a research report on Monday. Scotiabank cut their price objective on IGM Financial from C$47.00 to C$42.00 in a research report on Tuesday, July 26th. National Bankshares cut their price objective on IGM Financial from C$49.00 to C$48.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Royal Bank of Canada cut their price objective on IGM Financial from C$53.00 to C$47.00 and set a "sector perform" rating on the stock in a research report on Monday, May 9th. Finally, TD Securities cut their price objective on IGM Financial from C$48.00 to C$44.00 and set a "buy" rating on the stock in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$51.10.

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IGM Stock News Headlines

IGM Financial (TSE:IGM) Price Target Raised to C$39.00
Igm Financial Inc stock advanced on Friday.
See More Headlines
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IGM Company Calendar

Today
8/13/2022
Next Earnings (Estimated)
11/03/2022

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
3,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$50.33
High Stock Price Forecast
C$62.00
Low Stock Price Forecast
C$39.00
Forecasted Upside/Downside
+31.1%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.96 billion
Cash Flow
C$5.59 per share
Book Value
C$26.53 per share

Miscellaneous

Free Float
N/A
Market Cap
C$9.12 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. James O'Sullivan (Age 58)
    Pres, CEO & Director
    Comp: $4.03M
  • Mr. Michael Dibden
    COO & Exec. VP
  • Mr. Damon Murchison
    Pres & CEO of IG Wealth Management
  • Mr. Luke Gould
    Pres & CEO of Mackenzie Investments
  • Mr. Keith Potter
    Exec. VP & CFO
  • Ms. Rhonda Suzanne Goldberg
    Exec. VP & Gen. Counsel
  • Mr. Douglas Gordon McIntosh Milne
    Exec. VP and Chief Marketing & Strategy Officer
  • Ms. Cynthia Currie
    Exec. VP & Chief HR Officer
  • Mr. Jeffrey Robert Carney CFA (Age 60)
    Advisor
  • Ms. Kristin Elizabeth Ashcroft
    Exec. Vice-Pres of Products & Solutions for Mackenzie Investments













IGM Stock - Frequently Asked Questions

Should I buy or sell IGM Financial stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last year. There are currently 1 sell rating, 2 hold ratings and 4 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 2022?

7 brokers have issued 12 month price objectives for IGM Financial's stock. Their IGM share price forecasts range from C$39.00 to C$62.00. On average, they anticipate the company's share price to reach C$50.33 in the next twelve months. This suggests a possible upside of 31.2% 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 2022?

IGM Financial's stock was trading at C$45.62 at the beginning of the year. Since then, IGM stock has decreased by 15.9% and is now trading at C$38.35.
View the best growth stocks for 2022 here
.

When is IGM Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our IGM earnings forecast
.

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

IGM Financial declared a quarterly dividend on Friday, February 11th. Stockholders of record on Thursday, March 31st will be paid a dividend of 0.563 per share on Friday, April 29th. This represents a $2.25 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Wednesday, March 30th. This is an increase from the stock's previous quarterly dividend of C$0.56.
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 5.94%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IGM.

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$38.35.

How much money does IGM Financial make?

IGM Financial (TSE:IGM) has a market capitalization of C$9.11 billion and generates C$3.96 billion in revenue each year.

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 8/13/2022 by MarketBeat.com Staff

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