TSE:IGM IGM Financial - IGM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. C$41.56 -0.07 (-0.17%) (As of 01/30/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$41.24▼C$41.6550-Day RangeC$36.95▼C$41.6352-Week RangeC$33.45▼C$46.37Volume117,217 shsAverage Volume251,407 shsMarket CapitalizationC$9.88 billionP/E Ratio10.97Dividend Yield5.40%Price TargetC$45.13 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media About IGM Financial (TSE:IGM) StockIGM 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; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform. It also provides mutual funds; portfolios; 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 and fee-based brokerage 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. is a subsidiary of Power Financial Corporation.Read More 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 IGM Stock News HeadlinesJanuary 30, 2023 | finance.yahoo.comMackenzie Investments Launches Third Annual National "Top Peak" Ski Community ContestJanuary 30, 2023 | finance.yahoo.comCounsel Portfolio Services Launches IPC High Interest Savings FundJanuary 30, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. January 27, 2023 | americanbankingnews.comCIBC Boosts IGM Financial (TSE:IGM) Price Target to C$50.00January 26, 2023 | americanbankingnews.comIGM Financial (TSE:IGM) Given New C$45.00 Price Target at ScotiabankJanuary 25, 2023 | finance.yahoo.comMackenzie Investments 2022 Year-End ETF Report:January 25, 2023 | americanbankingnews.comIGM Financial (TSE:IGM) PT Raised to C$38.00January 19, 2023 | theglobeandmail.comFocus for Mackenzie’s new CEO is on ‘winning’ retail investment, partnerships, distributionJanuary 30, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. January 10, 2023 | finance.yahoo.comMackenzie Investments Announces Change to Multi-Asset Strategies TeamJanuary 5, 2023 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES DECEMBER 2022 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSJanuary 4, 2023 | marketwatch.comCOVID-19 IgG or IgM Rapid Test Cassette Market (New Report) By 2023 Is Flourishing Throughout the World till 2029| Spread Across 124 PagesDecember 23, 2022 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Brookfield Corporation (BN), Goldman Sachs Group (GS) and EPR Properties (EPR)December 23, 2022 | finance.yahoo.comIG Wealth Management Enhances Diversification in iProfile Managed Solutions with Sub-Advisor AdditionsDecember 21, 2022 | finance.yahoo.comMackenzie Investments Announces December 2022 Distributions for its Exchange Traded FundsDecember 19, 2022 | finance.yahoo.comIGM Financial Inc. to announce fourth quarter 2022 results on February 9, 2023December 13, 2022 | finance.yahoo.comIG Wealth Management Selects nesto to Help Grow Its Mortgage BusinessDecember 13, 2022 | finance.yahoo.comMackenzie Investments Announces December 2022 Quarterly Distributions for its Exchange Traded FundsNovember 25, 2022 | finance.yahoo.comMackenzie Investments Announces November 2022 Distributions for its Exchange Traded FundsNovember 23, 2022 | finance.yahoo.comIG Private Wealth Management Study: Affluent Canadians Re-Evaluating Finances and Retirement Plans Amid Economic ConcernsNovember 18, 2022 | theglobeandmail.comPeople love the culture and growth opportunities at IGMNovember 9, 2022 | finance.yahoo.com2022 IG Wealth Management Financial Confidence Index: Concern About the Economy Lowers Canadians' ConfidenceNovember 9, 2022 | finance.yahoo.comIGM Financial Third Quarter 2022 Earnings: Beats ExpectationsSeptember 20, 2022 | theglobeandmail.comIGM Financial: Top 10 Undervalued Financial Services Stocks on TSE (IGM)September 20, 2022 | finance.yahoo.comIGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.5625September 20, 2022 | finance.yahoo.comIG Wealth Management Announces Changes to Fund Line-up to Deliver Enhanced Diversification Benefits to ClientsSeptember 14, 2022 | theglobeandmail.comIGM Financial: Top 10 Undervalued Asset Management Industry Stocks on TSE (IGM)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 IGM Company Calendar Last Earnings11/03/2022Ex-Dividend for 1/31 Dividend12/29/2022Today1/30/2023Dividend Payable1/31/2023Next Earnings (Estimated)2/09/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Asset Management Sub-IndustryN/A SectorFinance Current SymbolTSE:IGM CUSIPN/A CIKN/A Webwww.igmfinancial.com Phone+1-204-9430361FaxN/AEmployees3,300Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$45.13 High Stock Price ForecastC$57.00 Low Stock Price ForecastC$38.00 Forecasted Upside/Downside+8.6%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio10.97 Forward P/E Ratio11.61 P/E Growth-8.48Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio37.43 Current Ratio2.08 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.86 billion Price / Sales2.56 Cash FlowC$4.75 per share Price / Cash Flow8.75 Book ValueC$25.51 per share Price / Book1.63Miscellaneous Outstanding Shares237,660,000Free FloatN/AMarket CapC$9.88 billion OptionableOptionable BetaN/A Key ExecutivesMr. James O'Sullivan (Age 58)Pres, CEO & Director Comp: $4.03MMr. Michael DibdenCOO & Exec. VPMr. Damon MurchisonPres & CEO of IG Wealth ManagementMr. Luke GouldPres & CEO of Mackenzie InvestmentsMr. Keith PotterExec. VP & CFOMs. Rhonda Suzanne GoldbergExec. VP & Gen. CounselMr. Douglas Gordon McIntosh MilneExec. VP and Chief Marketing & Strategy OfficerMs. Cynthia CurrieExec. VP & Chief HR OfficerMr. Jeffrey Robert Carney CFA (Age 60)Advisor Ms. Kristin Elizabeth AshcroftExec. Vice-Pres of Products & Solutions for Mackenzie InvestmentsMore ExecutivesKey CompetitorsTMX GroupTSE:XOnexTSE:ONEXCI FinancialTSE:CIXBrookfield Asset ManagementTSE:BAMWest Fraser TimberTSE:WFGView All CompetitorsInsiders & InstitutionsJames Patrick O'sullivanBought 11,000 shares on 2/15/2022Total: C$503,250.00 ($45.75/share)View All Insider Transactions IGM Stock - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 2 hold ratings and 1 buy rating 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? 3 Wall Street analysts have issued 12-month price targets for IGM Financial's shares. Their IGM share price forecasts range from C$38.00 to C$57.00. On average, they anticipate the company's share price to reach C$45.13 in the next twelve months. This suggests a possible upside of 9.1% 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 increased by 9.4% and is now trading at C$41.37. 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 9th 2023. View our IGM earnings forecast. How were IGM Financial's earnings last quarter? IGM Financial Inc. (TSE:IGM) posted its quarterly earnings results on Thursday, November, 3rd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.07. The financial services provider earned $827.30 million during the quarter, compared to analyst estimates of $805 million. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial declared a quarterly dividend on Thursday, December 29th. Stockholders of record on Tuesday, January 31st will be paid a dividend of 0.563 per share on Tuesday, January 31st. This represents a $2.25 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Thursday, December 29th. 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 5.40%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 59.37%. 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 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). 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$41.37. How much money does IGM Financial make? IGM Financial (TSE:IGM) has a market capitalization of C$9.83 billion and generates C$3.86 billion in revenue each year. 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 1/30/2023 by MarketBeat.com Staff 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. 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