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TSE:IGMIGM Financial Stock Price, Forecast & News

C$32.79
-0.20 (-0.61 %)
(As of 07/3/2020 06:46 AM ET)
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Today's Range
C$32.74
Now: C$32.79
C$34.39
50-Day Range
C$27.71
MA: C$31.97
C$35.37
52-Week Range
C$20.96
Now: C$32.79
C$40.38
Volume606,527 shs
Average Volume426,575 shs
Market CapitalizationC$7.81 billion
P/E Ratio10.57
Dividend Yield6.82%
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.
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IGM Financial logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.5Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.25 out of 5 stars


Industry, Sector and Symbol

Industry Asset Management
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone+1-204-9430361

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$3.39 billion
Cash FlowC$4.48 per share
Book ValueC$19.48 per share

Profitability

Miscellaneous

Employees3,308
Market CapC$7.81 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, IGM shares have increased by 5.5% and is now trading at C$32.79. 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) announced its earnings results on Friday, May, 8th. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates 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 declared a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.563 per share on Friday, July 31st. This represents a $2.25 annualized dividend and a yield of 6.87%. The ex-dividend date of this dividend is Monday, June 29th. View IGM Financial's dividend history.

What price target have analysts set for IGM?

3 brokerages have issued 12-month price targets for IGM Financial's shares. Their forecasts range from C$27.00 to C$46.00. On average, they expect IGM Financial's stock price to reach C$33.17 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View analysts' price targets for IGM Financial.

Has IGM Financial been receiving favorable news coverage?

Media coverage about IGM stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive press 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 -1.0 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about IGM Financial.

Who are some of IGM Financial's key competitors?

What other stocks do shareholders of IGM Financial own?

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$32.79.

How big of a company is IGM Financial?

IGM Financial has a market capitalization of C$7.81 billion and generates C$3.39 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 7/3/2020 by MarketBeat.com Staff

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