IGM Financial Inc. is a Canada-based financial services company. The Company's principal businesses are Investors Group Inc. and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other. The Investors Group provides a range of financial and investment planning services through its network of consultants across the country, and its products and services include Personal Financial Planner, Symphony Strategic Investment Planning Program and Mutual Funds. The Mackenzie Investments segment is engaged in the provision of investment management and related services offered through diversified investment solutions, distributed through multiple distribution channels. The Corporate and Other segment includes share of earnings of its affiliate, Great-West Lifeco Inc. (Lifeco) and operating results for Investment Planning Counsel Inc.
Industry, Sector and Symbol:
Capitalization:- Market Cap: C$9.77 billion
- Outstanding Shares: 240,587,000
Average Prices:- 50 Day Moving Avg: C$39.87
- 200 Day Moving Avg: C$40.06
- 52 Week Range: C$34.58 - C$42.25
P/E:- Trailing P/E Ratio: 12.53
- P/E Growth: 3.28
Sales & Book Value:- Annual Revenue: C$3.24 billion
- Price / Sales: 3.02
- Book Value: C$19.34 per share
- Price / Book: 2.10
Dividend:
Profitability:- EBIDTA: C$1.23 billion
- Net Margins: 23.54%
- Return on Equity: 15.36%
- Return on Assets: 4.53%
Misc:- Average Volume: 289,783 shs.
- Short Ratio: 19.43
Frequently Asked Questions for IGM Financial (TSE:IGM)
What is IGM Financial's stock symbol?
IGM Financial trades on the Tornton Stock Exchange (TSX) under the ticker symbol "IGM."
When will IGM Financial make its next earnings announcement?
Where is IGM Financial's stock going? Where will IGM Financial's stock price be in 2017?
9 equities research analysts have issued 12 month target prices for IGM Financial's stock. Their predictions range from C$39.00 to C$44.00. On average, they expect IGM Financial's stock price to reach C$41.00 in the next twelve months. View Analyst Ratings for IGM Financial.
Who are some of IGM Financial's key competitors?
Some companies that are related to IGM Financial include Fortis (FTS), Restaurant Brands International (QSR), National Bank of Canada (NA), Potash Co. of Saskatchewan (POT), Pembina Pipeline Corp (PPL), Franco Nevada Corp (FNV), Agrium (AGU), Saputo (SAP), Husky Energy (HSE), George Weston Limited (WN), Goldcorp (G), Constellation Software (CSU), Dollarama (DOL), Agnico Eagle Mines Ltd (AEM), Power Co. of Canada (POW), Hydro One Ltd (H), Fairfax Financial Holdings Ltd (FFH) and Intact Financial (IFC).
Who are IGM Financial's key executives?
IGM Financial's management team includes the folowing people:
- R. Jeffrey Orr, Independent Chairman of the Board
- Jeffrey R. Carney, President, Chief Executive Officer, Director
- Kevin E. Regan, Chief Financial Officer, Executive Vice President
- Barry McInerney, President, Chief Executive Officer of Mackenzie Investments
- Donald J. MacDonald, Senior Vice President, General Counsel, Secretary
- Rhonda Goldberg, Senior Vice President - Client and Regulatory Affairs
- Kathy Allan, Senior Vice-President - Human Resources of Mackenzie Financial Corporation and Investors Group Inc.
- Todd Asman, Executive Vice-President - Product and Financial Planning of Investors Group Inc
- Renata Dennis, Senior Vice President - Distribution Services, Investors Group Inc.
- Tony H. Elavia, Executive Vice-President, Chief Investment Officer of Mackenzie Financial
How do I buy IGM Financial stock?
Shares of IGM Financial and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is IGM Financial's stock price today?
One share of IGM Financial stock can currently be purchased for approximately C$40.62.
MarketBeat Community Rating for IGM Financial (TSE IGM)MarketBeat's community ratings are surveys of what our community members think about IGM Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for IGM Financial (TSE:IGM) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 7 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | C$41.00 |
Analysts' Ratings History for IGM Financial (TSE:IGM)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 5/15/2017 | CIBC | Reiterated Rating | Neutral | C$44.00 |  |
| 4/26/2017 | Desjardins | Upgrade | Hold -> Buy | | |
| 2/13/2017 | Scotiabank | Boost Price Target | Sector Perform | C$39.00 -> C$41.00 | |
| 2/13/2017 | TD Securities | Boost Price Target | Hold | C$42.00 -> C$44.00 | |
| 2/13/2017 | Royal Bank Of Canada | Boost Price Target | | C$41.00 -> C$42.00 | |
| 1/19/2017 | Barclays PLC | Boost Price Target | Underweight | C$37.00 -> C$39.00 | |
| 1/6/2017 | Canaccord Genuity | Boost Price Target | Hold | C$39.00 -> C$39.50 | |
| 8/5/2016 | GMP Securities | Downgrade | Buy -> Hold | C$42.25 -> C$39.50 | |
| 8/5/2016 | BMO Capital Markets | Boost Price Target | Market Perform | C$37.00 -> C$39.00 | |
| 4/11/2016 | National Bank Financial | Boost Price Target | | C$35.00 -> C$36.00 | |
| 2/17/2016 | Bank of America Corporation | Lower Price Target | | C$44.00 -> C$43.00 | |
(Data available from 6/28/2015 forward)
Earnings History for IGM Financial (TSE:IGM)Earnings History by Quarter for IGM Financial (TSE IGM)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/3/2017 | | | | | | | | |
| 8/7/2014 | | $0.83 | $0.81 | $745.47 million | $720.23 million | View | N/A | |
| 5/9/2014 | | $0.80 | $0.77 | $709.14 million | $714.85 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for IGM Financial (TSE:IGM)2017 EPS Consensus Estimate: $3.17
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.73 | $0.78 | $0.76 |
| Q2 2017 | 1 | $0.77 | $0.77 | $0.77 |
| Q3 2017 | 2 | $0.81 | $0.84 | $0.83 |
| Q4 2017 | 1 | $0.82 | $0.82 | $0.82 |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for IGM Financial (TSE IGM)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/8/2015 | Quarterly | $0.47 | 5.35% | 6/26/2015 | 6/30/2015 | 7/31/2015 |
| 2/13/2015 | Quarterly | $0.45 | 4.91% | 3/27/2015 | 3/31/2015 | 4/30/2015 |
| 12/29/2014 | Quarterly | $0.56 | 5.15% | 12/29/2014 | 1/30/2015 | 1/30/2015 |
| 8/7/2014 | | $0.49 | | 9/26/2014 | 9/30/2014 | 10/31/2014 |
| 5/9/2014 | | $0.49 | | 6/26/2014 | 6/30/2014 | 7/31/2014 |
| 2/14/2014 | | $0.49 | | 3/27/2014 | 3/31/2014 | 4/30/2014 |
| 11/7/2013 | | $0.51 | | 12/27/2013 | 12/31/2013 | 1/31/2014 |
| 11/7/2013 | quarterly | $0.54 | | | 12/31/2013 | 1/31/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for IGM Financial (TSE:IGM)Insider Trades by Quarter for IGM Financial (TSE:IGM)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 12/21/2015 | Olivier Desmarais | Director | Buy | 2,838 | C$35.22 | C$99,954.36 | |
| 9/30/2015 | Claude Généreux | Director | Buy | 3,000 | C$33.80 | C$101,400.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for IGM Financial (TSE:IGM)
Latest Headlines for IGM Financial (TSE:IGM)
| Source: |
|
| Date | Headline |
|---|
 | IGM Financial Named Top 25 Dividend Stock With 5.49% Yield (IGM)
www.nasdaq.com - June 27 at 6:03 PM |
 | IGM Financial Inc. (IGM) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - June 20 at 10:50 PM |
 | A value manager’s top dividend growth picks
www.theglobeandmail.com - June 20 at 6:44 PM |
 | IGM Financial, Inc. breached its 50 day moving average in a Bearish Manner : IGM-CA : June 16, 2017
finance.yahoo.com - June 16 at 6:44 PM |
| Mackenzie Investments Announces Distributions for its Maximum Diversification Exchange Traded Funds (MKC, MUS, MEU, MWD, MXU, MEE)
finance.yahoo.com - June 14 at 11:28 AM |
| Mackenzie announces change to Mackenzie Maximum Diversification US Index ETF
finance.yahoo.com - June 12 at 6:29 PM |
 | IGM FINANCIAL INC
www.finanznachrichten.de - June 10 at 5:49 PM |
 | IGM Financial Inc. Among the 10 Best Corporate Citizens in Canada - Benzinga
www.benzinga.com - June 9 at 11:16 PM |
| IGM Financial Inc. Among the 10 Best Corporate Citizens in Canada
finance.yahoo.com - June 9 at 6:15 PM |
 | IGM Financial Inc.: The Value Trap Continues
www.fool.ca - June 8 at 6:49 PM |
| IGM Financial, Inc. breached its 50 day moving average in a Bullish Manner : IGM-CA : June 5, 2017
finance.yahoo.com - June 5 at 10:21 AM |
| IGM Financial Inc. to Release Second Quarter 2017 Results
finance.yahoo.com - June 5 at 10:21 AM |
 | BRIEF-IGM Financial Inc announces May 2017 investment fund sales and total assets under management
www.reuters.com - June 3 at 8:50 AM |
| BRIEF-IGM Financial Inc announces May 2017 investment fund sales and total assets under management - Reuters
www.reuters.com - June 2 at 7:17 PM |
| IGM Financial Inc. Announces May 2017 Investment Fund Sales and Total Assets Under Management
feeds.benzinga.com - June 2 at 4:16 PM |
 | IGM Financial: Cheap For A Reason - Seeking Alpha
seekingalpha.com - May 31 at 8:29 AM |
| IGM Financial's (IGM) "Neutral" Rating Reaffirmed at CIBC
www.americanbankingnews.com - May 29 at 4:42 PM |
| IGM Financial Inc. (IGM) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - May 26 at 10:41 PM |
| Which Financial Stock Is the Best Investment: CI Financial Corp. or IGM Financial Inc.?
www.fool.ca - May 26 at 6:34 PM |
| Mackenzie Investments Announces Distributions for its Active Exchange Traded Funds (MKB, MUB, MFT, MGB, MHYB)
finance.yahoo.com - May 25 at 9:11 PM |
| Investors Group supports clients and communities affected by flood
finance.yahoo.com - May 19 at 10:25 AM |
| Robo-adviser Wealthsimple gets $50-million boost from Power Financial
www.theglobeandmail.com - May 11 at 6:28 PM |
| IGM Financial's (IGIFF) CEO Jeff Carney on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 9 at 12:29 PM |
| IGM Financial Inc. (IGM) Rating Reiterated by CIBC
www.americanbankingnews.com - May 8 at 4:48 PM |
| Edited Transcript of IGM.TO earnings conference call or presentation 5-May-17 7:30pm GMT
finance.yahoo.com - May 7 at 9:50 AM |
| IGM Financial Inc. Reports First Quarter Earnings
finance.yahoo.com - May 5 at 5:52 PM |
| IGM Financial Inc. Announces Election of Directors
finance.yahoo.com - May 5 at 5:52 PM |
| IGM Financial CEO Carney Highlights Strengths and Strategy with Shareholders at Annual Meeting
finance.yahoo.com - May 5 at 5:52 PM |
| IGM Financial Inc. Elevates Rhonda Goldberg to Lead Client and Regulatory Affairs - Yahoo Finance
finance.yahoo.com - May 5 at 4:04 AM |
| BRIEF-IGM Financial announces April 2017 investment fund sales, total assets under management
www.reuters.com - May 4 at 2:14 AM |
| IGM Financial Inc. Elevates Rhonda Goldberg to Lead Client and Regulatory Affairs
finance.yahoo.com - May 4 at 2:14 AM |
| IGM Financial Inc. (IGM) Scheduled to Post Quarterly Earnings on Friday
www.americanbankingnews.com - May 3 at 9:10 AM |
| IGM Financial Inc. (IGM) PT Raised to C$44.00
www.americanbankingnews.com - May 3 at 1:00 AM |
| IGM Financial Inc. Announces April 2017 Investment Fund Sales and Total Assets Under Management
finance.yahoo.com - May 2 at 4:19 PM |
| FY2017 EPS Estimates for IGM Financial Inc. (IGM) Raised by Analyst
www.americanbankingnews.com - April 28 at 3:42 PM |
| Another Reason to Avoid IGM Financial Inc.
www.fool.ca - April 27 at 6:26 PM |
| IGM Financial Inc. (IGM) Lifted to Buy at Desjardins
www.americanbankingnews.com - April 27 at 7:33 AM |
| IGM Financial Inc. (IGM) Expected to Post Q1 2017 Earnings of $0.78 Per Share
www.americanbankingnews.com - April 27 at 7:27 AM |
| Investor Beware: 1 “Cheap” Stock That Could Be a Value Trap
www.fool.ca - April 26 at 7:29 PM |
| Mackenzie Investments announces new investment solutions aimed at helping investors meet their income needs
finance.yahoo.com - April 26 at 7:29 PM |
| IGM Financial, Inc. breached its 50 day moving average in a Bullish Manner : IGM-CA : April 25, 2017
finance.yahoo.com - April 25 at 10:45 AM |
| Royal Bank of Canada Lowers IGM Financial Inc. (IGM) to Sector Perform
www.americanbankingnews.com - April 24 at 8:23 PM |
 | Mackenzie Investments to Launch Active ETF on NEO
www.businesswire.com - April 20 at 5:57 PM |
 | Prime Dividend Corp.: Monthly Dividend Declaration for Class A & Preferred Share
www.marketwatch.com - April 19 at 11:28 AM |
| IGM Financial Inc. Announces March 2017 Investment Fund Sales and Total Assets Under Management
finance.yahoo.com - April 7 at 10:24 AM |
| In honour of Canada 150 Mackenzie Investments announces major sponsorship of True Patriot Love Expedition
finance.yahoo.com - April 7 at 10:24 AM |
| IGM Financial Inc. (IGM) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 4 at 8:39 PM |
| Mackenzie Investments announces risk rating change for Mackenzie Core Plus Global Fixed Income ETF
finance.yahoo.com - April 3 at 4:05 PM |
| Dividend Growth Split Corp. Announces Overnight Offering
www.marketwatch.com - March 27 at 5:28 PM |
| Investors Group reconsiders mutual fund changes to consider 2017 Federal Budget
finance.yahoo.com - March 24 at 5:55 PM |
IGM Financial (IGM) Chart for Wednesday, June, 28, 2017
