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IGM Financial Stock Price, News & Analysis (TSE:IGM)

C$34.51
+0.13 (+0.38%)
(As of 04:21 PM ET)
Compare
Today's Range
C$34.25
C$34.63
50-Day Range
C$30.69
C$34.45
52-Week Range
C$30.34
C$43.97
Volume
119,607 shs
Average Volume
224,439 shs
Market Capitalization
C$8.22 billion
P/E Ratio
8.58
Dividend Yield
6.52%
Price Target
C$40.75

IGM Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.1% Upside
C$40.75 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of IGM Financial in the last 14 days
Based on 4 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.

2.07 out of 5 stars


IGM stock logo

About IGM Financial Stock (TSE:IGM)

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; and IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program. It also provides mutual funds; managed solutions; 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 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. operates as a subsidiary of Power Financial Corporation.

IGM Stock Price History

IGM Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Employee engagement is a key strategic priority at IGM
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Counsel Announces Changes Related to Prospectus Renewal
Scotiabank Maintains Their Buy Rating on ONEX Corporation (ONEX)
Scotiabank Remains a Hold on AGF Management B NV (AGF.B)
RBC Capital Keeps Their Sell Rating on Chesswood (CHW)
Closing Bell: Igm Financial Inc down on Wednesday (IGM)
National Bank Thinks ECN Capital’s Stock is Going to Recover
See More Headlines
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Company Calendar

Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Last Earnings
11/01/2023
Today
12/08/2023
Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
C$40.75
High Stock Price Target
C$46.00
Low Stock Price Target
C$36.00
Potential Upside/Downside
+17.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
C$958.30 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.97 billion
Cash Flow
C$3.95 per share
Book Value
C$26.58 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.23 billion
Optionable
Not Optionable
Beta
1.56
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Key Executives

  • Mr. James O'Sullivan (Age 59)
    President, CEO & Director
    Comp: $3.92M
  • Mr. Keith David Bernard Potter
    Executive VP & CFO
  • Mr. Michael Dibden
    COO & Executive VP
  • Mr. Damon Murchison
    President & CEO of IG Wealth Management
  • Mr. Luke Gould
    President & CEO of Mackenzie Investments
  • Mr. Blaine Shewchuk
    President & CEO of Investment Planning Counsel Inc.
  • Ms. Rhonda Suzanne Goldberg
    Executive VP & General Counsel
  • Mr. Douglas Gordon McIntosh Milne
    Executive VP & Chief Marketing Officer
  • Ms. Cynthia Currie
    Executive VP & Chief Human Resources Officer
  • Ms. Kristin Elizabeth Ashcroft
    Executive Vice-President of Products & Solutions for Mackenzie Investments














IGM Stock Analysis - Frequently Asked Questions

Should I buy or sell IGM Financial stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IGM shares.
View IGM analyst ratings
or view top-rated stocks.

What is IGM Financial's stock price target for 2024?

6 equities research analysts have issued twelve-month price objectives for IGM Financial's stock. Their IGM share price targets range from C$36.00 to C$46.00. On average, they anticipate the company's share price to reach C$40.75 in the next year. This suggests a possible upside of 18.1% 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 start of the year. Since then, IGM shares have decreased by 8.7% and is now trading at C$34.50.
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, February 8th 2024.
View our IGM earnings forecast
.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) released its earnings results on Wednesday, November, 1st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. The financial services provider earned $770.86 million during the quarter, compared to analyst estimates of $770 million. IGM Financial had a trailing twelve-month return on equity of 15.38% and a net margin of 24.05%.

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

IGM Financial announced a quarterly dividend on Wednesday, November 1st. Shareholders of record on Friday, December 29th will be given a dividend of 0.563 per share on Wednesday, January 31st. This represents a $2.25 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend is Thursday, December 28th.
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 6.57%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.97%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for 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.

This page (TSE:IGM) was last updated on 12/8/2023 by MarketBeat.com Staff

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