TSE:IGMIGM Financial Stock Price, Forecast & News

C$34.48

-0.41 (-1.18 %)

(As of 06/4/2020 12:28 PM ET)

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Today's Range

C$34.22

Now: C$34.48▼

C$34.83

50-Day Range

C$24.21

MA: C$28.54▼

C$33.55

52-Week Range

C$20.96

Now: C$34.48▼

C$40.38

Volume96,045 shs

Average Volume398,296 shs

Market CapitalizationC$8.22 billion

P/E Ratio11.27

Dividend Yield6.45%

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.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
IGM Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$32.83, IGM Financial has a potential downside of 4.8% from its current price of C$34.48.
Amount of Analyst Coverage
IGM Financial has only been the subject of 3 research reports in the past 90 days.

1.5 Community Rank

Outperform Votes
IGM Financial has received 272 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
IGM Financial has received 619 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
IGM Financial has received 69.47% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about IGM Financial and other stocks. Vote “Outperform” if you believe IGM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe IGM will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
IGM Financial is a leading dividend payer. It pays a dividend yield of 6.45%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
IGM Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of IGM Financial is 73.53 %. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IGM Financial insiders have not sold or bought any company stock.

1.3 Earnings and Valuation

Earnings Growth
Earnings for IGM Financial are expected to decrease by -100.00% in the coming year, from C$3.09 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of IGM Financial is 11.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.27.
Price to Earnings Ratio vs. Sector
The P/E ratio of IGM Financial is 11.27, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 13.13.
Price to Earnings Growth Ratio
IGM Financial has a PEG Ratio of 7.97. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
IGM Financial has a P/B Ratio of 1.86. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.25 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 Ratio49.63

Current Ratio3.86

Quick Ratio0.48

Price-To-Earnings

Trailing P/E Ratio11.27

Forward P/E Ratio11.16

P/E Growth7.97

Sales & Book Value

Annual SalesC$3.37 billion

Price / Sales2.44

Cash FlowC$3.17 per share

Price / Cash Flow10.89

Book ValueC$18.58 per share

Price / Book1.86

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$8.22 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization. Since then, IGM stock has increased by 10.9% and is now trading at C$34.48. 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) released its quarterly earnings data on Friday, May, 8th. The financial services provider reported $0.68 EPS for the quarter, missing the Zacks' consensus estimate 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. Stockholders 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 6.53%. The ex-dividend date is Monday, June 29th. View IGM Financial's dividend history.

What price target have analysts set for IGM?

3 brokerages have issued 1 year price objectives for IGM Financial's stock. Their forecasts range from C$27.00 to C$46.00. On average, they anticipate IGM Financial's stock price to reach C$32.83 in the next year. This suggests that the stock has a possible downside of 4.8%. View analysts' price targets for IGM Financial.

Has IGM Financial been receiving favorable news coverage?

Media headlines about IGM stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. IGM Financial earned a news impact score of -3.2 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutIGM 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), SCHRODERS/PAR VTG FPD 1 (SDR), Hargreaves Lansdown (HL), TMX Group (X), Australian Foundation Investment Co.Ltd. (AFI), 3i Group (III), 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 Core S&P Small-Cap 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$34.48.

How big of a company is IGM Financial?

IGM Financial has a market capitalization of C$8.22 billion and generates C$3.37 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 6/4/2020 by MarketBeat.com Staff