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$40.55 +0.03 (+0.07%) (As of 03/20/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$40.50▼C$41.2050-Day RangeC$40.08▼C$43.8052-Week RangeC$33.45▼C$46.29Volume344,323 shsAverage Volume289,045 shsMarket CapitalizationC$9.64 billionP/E Ratio11.59Dividend Yield5.55%Price TargetC$45.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media IGM Financial MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside12.2% UpsideC$45.50 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.34Based on 2 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.1.81 out of 5 stars 2.2 Analyst's Opinion Consensus RatingIGM Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$45.50, IGM Financial has a forecasted upside of 12.2% from its current price of C$40.55.Amount of Analyst CoverageIGM Financial has only been the subject of 2 research reports in the past 90 days. 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 5.38%, 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 64.29%. 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 3.0 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 1.34. 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 higher news sentiment than the 0.46 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for IGM Financial this week, compared to 1 article on an average week.Search InterestOnly 3 people have searched for IGM on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added IGM Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 0.10% of the stock of IGM Financial is held by insiders.Percentage Held by InstitutionsOnly 8.69% 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 11.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.87.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 11.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 145.12.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 1.56. 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 (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 HeadlinesMarch 14, 2023 | finance.yahoo.comCalling All Canadians: Vote for Your Top Three "Mackenzie Top Peak" Ski CommunitiesMarch 7, 2023 | finance.yahoo.comMediacorp Canada Names IGM Financial Among Canada's Best Diversity EmployersMarch 21, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 7, 2023 | theglobeandmail.comAt IGM, diversity practices are constantly evolvingMarch 6, 2023 | finance.yahoo.comMackenzie Investments Announces Proposed Changes to its Funds LineupFebruary 23, 2023 | finance.yahoo.comMackenzie Investments Announces February 2023 Distributions for its Exchange Traded FundsFebruary 13, 2023 | finance.yahoo.comCanada Life, IGM Financial and Power Corporation of Canada Donate $125,000 in Support of Urgent Humanitarian Relief Efforts in Türkiye and SyriaFebruary 12, 2023 | theglobeandmail.comIGM CEO remains cautious for 2023, as investors look to rebuild confidence in marketsMarch 21, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastFebruary 3, 2023 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES JANUARY 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSJanuary 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 25, 2023 | finance.yahoo.comMackenzie Investments 2022 Year-End ETF Report:January 19, 2023 | theglobeandmail.comFocus for Mackenzie’s new CEO is on ‘winning’ retail investment, partnerships, distributionJanuary 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' ConfidenceSee 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 Ex-Dividend for 1/31 Dividend12/29/2022Dividend Payable1/31/2023Today3/20/2023Ex-Dividend for 4/28 Dividend3/30/2023Dividend Payable4/28/2023Next Earnings (Estimated)5/04/2023Get 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$45.50 High Stock Price ForecastC$50.00 Low Stock Price ForecastC$38.00 Forecasted Upside/Downside+12.2%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.50 Trailing P/E Ratio11.59 Forward P/E Ratio11.31 P/E Growth14.05Net IncomeC$867.24 million Net Margins23.01% Pretax MarginN/A Return on Equity13.67% Return on Assets4.58% Debt Debt-to-Equity Ratio36.63 Current Ratio1.84 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.77 billion Price / Sales2.56 Cash FlowC$4.63 per share Price / Cash Flow8.75 Book ValueC$26.07 per share Price / Book1.56Miscellaneous Outstanding Shares237,780,000Free FloatN/AMarket CapC$9.64 billion OptionableOptionable Beta1.56 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:BAMiA FinancialTSE:IAGView All Competitors IGM Stock - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 3 Wall Street 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 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 brokerages have issued 12-month target prices 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 share price to reach C$45.50 in the next year. This suggests a possible upside of 12.2% 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 shares have increased by 7.3% and is now trading at C$40.55. 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, May 4th 2023. View our IGM earnings forecast. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial declared a quarterly dividend on Thursday, March 30th. Investors of record on Friday, April 28th will be given a dividend of 0.563 per share on Friday, April 28th. This represents a $2.25 annualized dividend and a yield of 5.55%. The ex-dividend date is Thursday, March 30th. 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 5.38%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 64.29%. 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), 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$40.55. How much money does IGM Financial make? IGM Financial (TSE:IGM) has a market capitalization of C$9.64 billion and generates C$3.77 billion in revenue each year. The financial services provider earns C$867.24 million in net income (profit) each year or C$3.50 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 3/21/2023 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. 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