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TSE:IGM

IGM Financial (IGM) Stock Forecast, Price & News

C$35.91
-0.84 (-2.29%)
(As of 05:08 PM ET)
Compare
Today's Range
C$35.84
▼
C$36.75
50-Day Range
C$36.75
▼
C$41.91
52-Week Range
C$33.45
▼
C$43.97
Volume
134,633 shs
Average Volume
239,451 shs
Market Capitalization
C$8.55 billion
P/E Ratio
8.89
Dividend Yield
6.27%
Price Target
C$45.63
ProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media

IGM Financial MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
26.9% Upside
C$45.63 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.75mentions of IGM Financial in the last 14 days
Based on 2 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.

2.02 out of 5 stars

See Top Rated MarketRank™ Stocks Here

IGM stock logo

About IGM Financial (TSE:IGM) Stock

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 Price History

IGM Stock News Headlines

September 27, 2023 | finance.yahoo.com
IG Wealth Management Life Insurance Study: Most Affluent Canadians Unclear About the Important Role Life Insurance Can Play in Estate Planning
September 25, 2023 | finance.yahoo.com
Mackenzie Investments Announces Changes to Select Mutual Funds and ETFs
September 27, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
September 19, 2023 | markets.businessinsider.com
RBC Capital Keeps Their Sell Rating on Chesswood (CHW)
September 12, 2023 | finance.yahoo.com
Mackenzie Investments Announces September 2023 Quarterly Distributions for its Exchange Traded Funds
September 6, 2023 | theglobeandmail.com
Closing Bell: Igm Financial Inc down on Wednesday (IGM)
September 5, 2023 | finance.yahoo.com
IGM Financial Inc.'s President and CEO, James O'Sullivan, to speak at Scotiabank 24th Annual Financials Summit on September 7
August 28, 2023 | finance.yahoo.com
Mackenzie Investments Announces August 2023 Distributions for its Exchange Traded Funds
September 27, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
August 16, 2023 | markets.businessinsider.com
National Bank Thinks ECN Capital’s Stock is Going to Recover
August 14, 2023 | markets.businessinsider.com
RBC Capital Maintains a Hold Rating on Power Corp of Canada (POW)
August 9, 2023 | markets.businessinsider.com
RBC Capital Sticks to Its Hold Rating for Alaris Royalty (AD.UN)
August 4, 2023 | markets.businessinsider.com
Definity Financial Corp. (DFY) Receives a Buy from RBC Capital
August 4, 2023 | markets.businessinsider.com
Analysts Offer Insights on Financial Companies: IGM Financial (OtherIGIFF) and Verisk Analytics (VRSK)
August 3, 2023 | markets.businessinsider.com
TD Securities Maintains a Hold Rating on First National Financial (FN)
August 3, 2023 | markets.businessinsider.com
RBC Capital Reaffirms Their Hold Rating on First National Financial (FN)
August 3, 2023 | finance.yahoo.com
IGM Financial to Host Investor Day in Toronto
August 2, 2023 | markets.businessinsider.com
Analysts Offer Insights on Financial Companies: CI Financial (OtherCIXXF) and Global Payments (GPN)
July 30, 2023 | msn.com
For $658/Month in Passive Income, Buy This Much of 1 Stock
July 27, 2023 | markets.businessinsider.com
RBC Capital Sticks to Its Hold Rating for Power Corp of Canada (POW)
July 6, 2023 | finance.yahoo.com
Mackenzie Investments and Primerica Financial Services Launch Actively Managed Shariah-Compliant Mutual Fund
June 30, 2023 | markets.businessinsider.com
IGM Financial (IGIFF) Receives a Hold from BMO Capital
June 29, 2023 | msn.com
IGM Financial to streamline operations to rein in costs
June 29, 2023 | marketwatch.com
IGM Financial to Cut Costs, Consolidate Real Estate Footprint
June 29, 2023 | bloomberg.com
IGM Financial to Cut Jobs, Reduce Office Space in Savings Push
June 29, 2023 | finance.yahoo.com
IGM Financial Streamlines Organization to Unlock Savings and Drive Growth
June 28, 2023 | markets.businessinsider.com
Brookfield Asset Management Ltd. Class A (BAM) Gets a Buy Rating from RBC Capital
See More Headlines
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IGM Company Calendar

Ex-Dividend for 7/31 Dividend
6/29/2023
Dividend Payable
7/31/2023
Last Earnings
8/02/2023
Today
9/27/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/02/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Asset Management
Sub-Industry
N/A
Sector
Financial Services
Current Symbol
TSE:IGM
CUSIP
N/A
CIK
N/A
Web
www.igmfinancial.com
Phone
+1-204-9430361
Fax
N/A
Employees
3,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$45.63
High Stock Price Forecast
C$50.00
Low Stock Price Forecast
C$38.00
Forecasted Upside/Downside
+26.7%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$4.04
Trailing P/E Ratio
8.91
Forward P/E Ratio
9.19
P/E Growth
14.05
Net Income
C$962.15 million
Net Margins
24.35%
Pretax Margin
N/A
Return on Equity
15.76%
Return on Assets
4.84%

Debt

Debt-to-Equity Ratio
50.09
Current Ratio
1.67
Quick Ratio
0.31

Sales & Book Value

Annual Sales
C$3.94 billion
Price / Sales
2.18
Cash Flow
C$4.11 per share
Price / Cash Flow
8.75
Book Value
C$25.95 per share
Price / Book
1.39

Miscellaneous

Outstanding Shares
238,070,000
Free Float
N/A
Market Cap
C$8.57 billion
Optionable
Optionable
Beta
1.54
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Key Executives

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

Key Competitors

View All Competitors













IGM Stock - Frequently Asked Questions

Should I buy or sell IGM Financial stock right now?

5 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IGM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IGM, but not buy additional shares or sell existing shares.
View IGM analyst ratings or view top-rated stocks.

What is IGM Financial's stock price forecast for 2023?

5 brokers have issued 1-year price targets for IGM Financial's shares. Their IGM share price forecasts range from C$38.00 to C$50.00. On average, they predict the company's stock price to reach C$45.63 in the next year. This suggests a possible upside of 26.7% 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 the year. Since then, IGM stock has decreased by 4.7% and is now trading at C$36.01.
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, November 2nd 2023.
View our IGM earnings forecast.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) announced its earnings results on Wednesday, August, 2nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.01. The financial services provider earned $771.65 million during the quarter, compared to the consensus estimate of $765 million. IGM Financial had a trailing twelve-month return on equity of 15.76% and a net margin of 24.35%.

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

IGM Financial declared a quarterly dividend on Wednesday, August 2nd. Investors of record on Friday, September 29th will be given a dividend of 0.563 per share on Tuesday, October 31st. This represents a $2.25 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, September 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 5.97%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.69%. 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).

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 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.

What is IGM Financial's stock price today?

One share of IGM stock can currently be purchased for approximately C$36.01.

How much money does IGM Financial make?

IGM Financial (TSE:IGM) has a market capitalization of C$8.57 billion and generates C$3.94 billion in revenue each year. The financial services provider earns C$962.15 million in net income (profit) each year or C$4.04 on an earnings per share basis.

How many employees does IGM Financial have?

The company employs 3,300 workers across the globe.

How can I contact IGM Financial?

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.

This page (TSE:IGM) was last updated on 9/27/2023 by MarketBeat.com Staff

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