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TSE:IGMIGM Financial Stock Price, Forecast & News

C$32.87
-0.06 (-0.18 %)
(As of 08/5/2020 07:21 AM ET)
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Today's Range
C$32.23
Now: C$32.87▼
C$33.08
50-Day Range
C$31.27
MA: C$32.85▼
C$34.19
52-Week Range
C$20.96
Now: C$32.87▼
C$40.38
Volume272,373 shs
Average Volume406,187 shs
Market CapitalizationC$7.83 billion
P/E Ratio10.60
Dividend Yield6.83%
BetaN/A
IGM Financial Inc., a financial services company, manages and distributes investment funds and other managed asset products in Canada. The company operates through Investors Group, Mackenzie Investments, and Corporate and Other segments. The company also offers financial planning services, including investment, tax, retirement, education, risk management, and estate planning; strategic investment planning tools; mutual funds; iProfile, a portfolio management program; and separately managed accounts and fee-based brokerage accounts. In addition, it provides segregated funds; term, universal life, whole life, disability, critical illness, long-term care, and personal health care coverage and group insurance products; securities services; and residential mortgages. Further, the company offers banking products, such as investment loans, lines of credit, personal loans, creditor insurance, deposit accounts, and credit cards; cash management solutions; guaranteed investment certificates; private wealth solutions; and investment management, advisory, and related services. It offers its products and services through a network of consultants, as well as retail, strategic alliance, and institutional distribution channels. The company was founded in 1894 and is headquartered in Winnipeg, Canada. IGM Financial Inc. is a subsidiary of Power Financial Corporation.
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IGM Financial logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.0Community Rank: 1.5Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.13 out of 5 stars


Industry, Sector and Symbol

Stock Exchange TSE
Industry Asset Management
Sub-IndustryN/A
SectorFinancial Services
Current SymbolTSE:IGM
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.igmfinancial.com
Phone+1-204-9430361

Debt

Debt-to-Equity Ratio47.09
Current Ratio3.30
Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio10.60
Forward P/E Ratio10.34
P/E Growth8.04

Sales & Book Value

Annual SalesC$3.39 billion
Price / Sales2.31
Cash FlowC$4.44 per share
Price / Cash Flow7.41
Book ValueC$19.48 per share
Price / Book1.69

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees3,308
Outstanding Shares238,308,000
Market CapC$7.83 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable
C$32.87
-0.06 (-0.18 %)
(As of 08/5/2020 07:21 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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IGM Financial (TSE:IGM) Frequently Asked Questions

How has IGM Financial's stock been impacted by COVID-19 (Coronavirus)?

IGM Financial's stock was trading at C$31.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IGM shares have increased by 5.7% and is now trading at C$32.87.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of IGM Financial?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for IGM Financial.

When is IGM Financial's next earnings date?

IGM Financial is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
View our earnings forecast for IGM Financial.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) posted its quarterly earnings results on Friday, May, 8th. The financial services provider reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by $0.01. The financial services provider earned $782.06 million during the quarter.
View IGM Financial's earnings history.

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

IGM Financial announced a quarterly dividend on Friday, May 8th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.563 per share on Friday, July 31st. This represents a $2.25 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Monday, June 29th.
View IGM Financial's dividend history.

What price target have analysts set for IGM?

3 equities research analysts have issued 12 month target prices for IGM Financial's stock. Their forecasts range from C$30.00 to C$46.00. On average, they anticipate IGM Financial's stock price to reach C$35.00 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
View analysts' price targets for IGM Financial.

Has IGM Financial been receiving favorable news coverage?

Media stories about IGM stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. IGM Financial earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the near future.
View the latest news about IGM Financial.

Who are some of IGM Financial's key competitors?

Some companies that are related to IGM Financial include Scottish Mortgage Investment Trust (SMT), Magellan Financial Group (MFG), 3i Group (III), Hargreaves Lansdown (HL), SCHRODERS/PAR VTG FPD 1 (SDR), TMX Group (X), Australian Foundation Investment Co.Ltd. (AFI), DWS Group & GmbH Co KgaA (DWS), ONEX (ONEX), JANUS/IDR UNRESTR (JHG), Argo Investments (ARG), M&G (MNG), Intermediate Capital Group (ICP), CI Financial (CIX) and F&C Investment Trust (FCIT).
View all competitors.

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), RiverFront Dynamic Unconstrained Income ETF (RFUN), Financial Select Sector SPDR Fund (XLF), iShares S&P SmallCap 600 ETF (IJR), iShares Global Infrastructure ETF (IGF), First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) and PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS).

Who are IGM Financial's key executives?

IGM Financial's management team includes the following people:
  • Mr. Jeffrey Robert Carney, Pres, CEO & Director (Age 57)
  • Mr. Luke Gould, Exec. VP of Fin. & CFO
  • Mr. Michael Dibden, Chief Operating Officer
  • Mr. Barry Sean McInerney, Pres & CEO of Mackenzie Investments
  • Mr. Tony H. Elavia Ph.D., Exec. VP & Chief Investment Officer of Mackenzie Investments (Age 63)

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 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 stock can currently be purchased for approximately C$32.87.

How big of a company is IGM Financial?

IGM Financial has a market capitalization of C$7.83 billion and generates C$3.39 billion in revenue each year. IGM Financial employs 3,308 workers across the globe.

What is IGM Financial's official website?

The official website for IGM Financial is www.igmfinancial.com.

How can I contact IGM Financial?

IGM Financial's mailing address is 447 Portage Avenue, WINNIPEG, MB R3C 3B6, Canada. The financial services provider can be reached via phone at +1-204-9430361.

This page was last updated on 8/5/2020 by MarketBeat.com Staff
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