IGM Financial (IGM) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our IGM earnings forecast.

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.

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.

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).

IGM Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IGM."

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.
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One share of IGM stock can currently be purchased for approximately C$39.70.

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.

The company employs 3,300 workers across the globe.

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.