IGM Financial (IGM) Stock Price, News & Analysis C$34.51 +0.13 (+0.38%) (As of 12/8/2023 ET) Add Compare Share Share Today's RangeC$34.25▼C$34.6350-Day RangeC$30.69▼C$34.5152-Week RangeC$30.34▼C$43.97Volume119,607 shsAverage Volume224,439 shsMarket CapitalizationC$8.22 billionP/E Ratio8.58Dividend Yield6.52%Price TargetC$40.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades IGM Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside18.1% UpsideC$40.75 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.29Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 3.3 Analyst's Opinion Consensus RatingIGM Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$40.75, IGM Financial has a forecasted upside of 18.1% from its current price of C$34.51.Amount of Analyst CoverageIGM Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for IGM. Previous Next 2.5 Dividend Strength Dividend LeadershipIGM Financial is a leading dividend payer. It pays a dividend yield of 6.57%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIGM Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of IGM Financial is 55.97%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IGM. Previous Next 1.8 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for IGM Financial this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for IGM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added IGM Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IGM Financial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.12% of the stock of IGM Financial is held by insiders.Percentage Held by InstitutionsOnly 8.90% of the stock of IGM Financial is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of IGM Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.39.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 342.93.Price to Earnings Growth RatioIGM Financial has a PEG Ratio of 14.05. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIGM Financial has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More IGM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IGM Stock News HeadlinesDecember 7, 2023 | americanbankingnews.comIGM Financial (TSE:IGM) Price Target Raised to C$38.00 at TD SecuritiesDecember 6, 2023 | financialpost.comWealthsimple aims to quadruple assets to $100 billion in 5 yearsDecember 10, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comDecember 5, 2023 | finance.yahoo.comIGM Financial Hosts Investor Day December 5, 2023 and Announces Medium Term ObjectivesNovember 29, 2023 | benzinga.comCIBC Mellon Enhances Mackenzie Investments' Asset Management CapabilitiesNovember 28, 2023 | finance.yahoo.com2023 IG Wealth Management Financial Confidence Index: Post-Pandemic Downturn ContinuesNovember 17, 2023 | theglobeandmail.comEmployee engagement is a key strategic priority at IGMNovember 17, 2023 | finance.yahoo.comIGM Financial Named a Top 100 Canadian Employer for Second Consecutive YearDecember 10, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 14, 2023 | finance.yahoo.comThe Canadian Foundation for Economic Education and IG Wealth Management Launch New National Financial Literacy Resource for SeniorsNovember 10, 2023 | finance.yahoo.comIG Wealth Management Study: Few Canadians Appreciate the Important Role Life Insurance Can Play in Optimizing Their EstateOctober 30, 2023 | theglobeandmail.comThe most oversold and overbought stocks on the TSX on Oct. 30October 26, 2023 | finance.yahoo.comMackenzie Investments Announces October 2023 Distributions for its Exchange Traded FundsOctober 25, 2023 | finance.yahoo.comCounsel Announces Changes Related to Prospectus RenewalOctober 20, 2023 | bloomberg.comBloomberg Selected by Mackenzie Investments to Manage ESG DataOctober 4, 2023 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES SEPTEMBER 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSSeptember 29, 2023 | markets.businessinsider.comScotiabank Maintains Their Buy Rating on ONEX Corporation (ONEX)September 29, 2023 | finance.yahoo.comIGM Financial Inc. to announce third quarter 2023 results on November 1, 2023September 28, 2023 | markets.businessinsider.comScotiabank Remains a Hold on AGF Management B NV (AGF.B)September 27, 2023 | finance.yahoo.comIG Wealth Management Life Insurance Study: Most Affluent Canadians Unclear About the Important Role Life Insurance Can Play in Estate PlanningSeptember 25, 2023 | finance.yahoo.comMackenzie Investments Announces Changes to Select Mutual Funds and ETFsSeptember 19, 2023 | markets.businessinsider.comRBC Capital Keeps Their Sell Rating on Chesswood (CHW)September 12, 2023 | finance.yahoo.comMackenzie Investments Announces September 2023 Quarterly Distributions for its Exchange Traded FundsSeptember 6, 2023 | theglobeandmail.comClosing Bell: Igm Financial Inc down on Wednesday (IGM)September 5, 2023 | finance.yahoo.comIGM Financial Inc.'s President and CEO, James O'Sullivan, to speak at Scotiabank 24th Annual Financials Summit on September 7August 28, 2023 | finance.yahoo.comMackenzie Investments Announces August 2023 Distributions for its Exchange Traded FundsAugust 16, 2023 | markets.businessinsider.comNational Bank Thinks ECN Capital’s Stock is Going to RecoverSee More Headlines 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. Email Address Company Calendar Ex-Dividend for 10/31 Dividend9/28/2023Dividend Payable10/31/2023Last Earnings11/01/2023Today12/10/2023Ex-Dividend for 1/31 Dividend12/28/2023Dividend Payable1/31/2024Next Earnings (Estimated)2/08/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Asset Management Sub-IndustryN/A SectorFinancial Services Current SymbolTSE:IGM CUSIPN/A CIKN/A Webwww.igmfinancial.com Phone+1-204-9430361FaxN/AEmployees3,300Year FoundedN/APrice Target and Rating Average Stock Price TargetC$40.75 High Stock Price TargetC$46.00 Low Stock Price TargetC$36.00 Potential Upside/Downside+18.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$4.02 Trailing P/E Ratio8.58 Forward P/E Ratio9.68 P/E Growth14.05Net IncomeC$958.30 million Net Margins24.05% Pretax MarginN/A Return on Equity15.38% Return on Assets4.77% Debt Debt-to-Equity Ratio48.87 Current Ratio1.74 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.97 billion Price / Sales2.07 Cash FlowC$3.94 per share Price / Cash Flow8.75 Book ValueC$26.58 per share Price / Book1.30Miscellaneous Outstanding Shares238,130,000Free FloatN/AMarket CapC$8.22 billion OptionableNot Optionable Beta1.56 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 59)President, CEO & Director Comp: $3.92MMr. Keith David Bernard PotterExecutive VP & CFOMr. Michael DibdenCOO & Executive VPMr. Damon MurchisonPresident & CEO of IG Wealth ManagementMr. Luke GouldPresident & CEO of Mackenzie InvestmentsMr. Blaine ShewchukPresident & CEO of Investment Planning Counsel Inc.Ms. Rhonda Suzanne GoldbergExecutive VP & General CounselMr. Douglas Gordon McIntosh MilneExecutive VP & Chief Marketing OfficerMs. Cynthia CurrieExecutive VP & Chief Human Resources OfficerMs. Kristin Elizabeth AshcroftExecutive Vice-President of Products & Solutions for Mackenzie InvestmentsMore ExecutivesKey CompetitorsOnexTSE:ONEXCI FinancialTSE:CIXBrookfield Asset ManagementTSE:BAMTMX GroupTSE:XiA FinancialTSE:IAGView All Competitors IGM Stock Analysis - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 6 Wall Street 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 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 analysts have issued 1 year price targets for IGM Financial's stock. Their IGM share price targets range from C$36.00 to C$46.00. On average, they predict the company's stock price to reach C$40.75 in the next twelve months. 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 beginning of 2023. Since then, IGM stock has decreased by 8.7% and is now trading at C$34.51. 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) announced its quarterly earnings results on Wednesday, November, 1st. The financial services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The financial services provider had revenue of $770.86 million for 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 declared a quarterly dividend on Wednesday, November 1st. Stockholders 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 annualized dividend 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. 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), 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). 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 12/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding IGM Financial Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.