S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
15 A.I. Trading Opportunities a Day (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
Slow start to New York's legal pot market leaves farmers holding the bag
TSE:IGM

IGM Financial (IGM) Stock Forecast, Price & News

C$39.70
+0.25 (+0.63%)
(As of 06/2/2023 ET)
Compare
Today's Range
C$39.13
C$39.83
50-Day Range
C$38.57
C$41.58
52-Week Range
C$33.45
C$43.97
Volume
297,538 shs
Average Volume
276,870 shs
Market Capitalization
C$9.45 billion
P/E Ratio
9.17
Dividend Yield
5.67%
Price Target
C$46.25

IGM Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
16.5% Upside
C$46.25 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.30mentions of IGM Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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


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.

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.

IGM Stock News Headlines

This Magnificent Stock Pays a 5.9% Yield Right Now
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.
Closing Bell: Igm Financial Inc down on Friday (IGM)
BMO Capital downgrades CI Financial (CIXXF) to a Hold
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser
Small 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% >>>
Canaccord Genuity Reaffirms Their Buy Rating on CI Financial (CIXXF)
RBC Capital Sticks to Their Hold Rating for IGM Financial (IGIFF)
Closing Bell: Igm Financial Inc down on Monday (IGM)
Closing Bell: Igm Financial Inc up on Friday (IGM)
Closing Bell: Igm Financial Inc up on Thursday (IGM)
Closing Bell: Igm Financial Inc up on Tuesday (IGM)
See More Headlines

IGM Price History

IGM Company Calendar

Ex-Dividend for 4/28 Dividend
3/30/2023
Dividend Payable
4/28/2023
Today
6/03/2023
Ex-Dividend for 7/31 Dividend
6/29/2023
Dividend Payable
7/31/2023
Next Earnings (Estimated)
8/03/2023

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$46.25
High Stock Price Forecast
C$50.00
Low Stock Price Forecast
C$38.00
Forecasted Upside/Downside
+16.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
C$1.03 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.92 billion
Cash Flow
C$4.54 per share
Book Value
C$26.58 per share

Miscellaneous

Free Float
N/A
Market Cap
C$9.45 billion
Optionable
Optionable
Beta
1.55

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?

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 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

My Account -