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TSE:IGM

IGM Financial - IGM Stock Forecast, Price & News

C$41.56
-0.07 (-0.17%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
C$41.24
▼
C$41.65
50-Day Range
C$36.95
▼
C$41.63
52-Week Range
C$33.45
▼
C$46.37
Volume
117,217 shs
Average Volume
251,407 shs
Market Capitalization
C$9.88 billion
P/E Ratio
10.97
Dividend Yield
5.40%
Price Target
C$45.13

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; 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.

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IGM Stock News Headlines

January 30, 2023 | finance.yahoo.com
Mackenzie Investments Launches Third Annual National "Top Peak" Ski Community Contest
January 30, 2023 | finance.yahoo.com
Counsel Portfolio Services Launches IPC High Interest Savings Fund
January 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.com
CIBC Boosts IGM Financial (TSE:IGM) Price Target to C$50.00
January 26, 2023 | americanbankingnews.com
IGM Financial (TSE:IGM) Given New C$45.00 Price Target at Scotiabank
January 25, 2023 | finance.yahoo.com
Mackenzie Investments 2022 Year-End ETF Report:
January 25, 2023 | americanbankingnews.com
IGM Financial (TSE:IGM) PT Raised to C$38.00
January 19, 2023 | theglobeandmail.com
Focus for Mackenzie’s new CEO is on ‘winning’ retail investment, partnerships, distribution
January 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.com
Mackenzie Investments Announces Change to Multi-Asset Strategies Team
January 5, 2023 | finance.yahoo.com
IGM FINANCIAL INC. ANNOUNCES DECEMBER 2022 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS
January 4, 2023 | marketwatch.com
COVID-19 IgG or IgM Rapid Test Cassette Market (New Report) By 2023 Is Flourishing Throughout the World till 2029| Spread Across 124 Pages
December 23, 2022 | markets.businessinsider.com
Analysts Offer Insights on Financial Companies: Brookfield Corporation (BN), Goldman Sachs Group (GS) and EPR Properties (EPR)
December 23, 2022 | finance.yahoo.com
IG Wealth Management Enhances Diversification in iProfile Managed Solutions with Sub-Advisor Additions
December 21, 2022 | finance.yahoo.com
Mackenzie Investments Announces December 2022 Distributions for its Exchange Traded Funds
December 19, 2022 | finance.yahoo.com
IGM Financial Inc. to announce fourth quarter 2022 results on February 9, 2023
December 13, 2022 | finance.yahoo.com
IG Wealth Management Selects nesto to Help Grow Its Mortgage Business
December 13, 2022 | finance.yahoo.com
Mackenzie Investments Announces December 2022 Quarterly Distributions for its Exchange Traded Funds
November 25, 2022 | finance.yahoo.com
Mackenzie Investments Announces November 2022 Distributions for its Exchange Traded Funds
November 23, 2022 | finance.yahoo.com
IG Private Wealth Management Study: Affluent Canadians Re-Evaluating Finances and Retirement Plans Amid Economic Concerns
November 18, 2022 | theglobeandmail.com
People love the culture and growth opportunities at IGM
November 9, 2022 | finance.yahoo.com
2022 IG Wealth Management Financial Confidence Index: Concern About the Economy Lowers Canadians' Confidence
November 9, 2022 | finance.yahoo.com
IGM Financial Third Quarter 2022 Earnings: Beats Expectations
September 20, 2022 | theglobeandmail.com
IGM Financial: Top 10 Undervalued Financial Services Stocks on TSE (IGM)
September 20, 2022 | finance.yahoo.com
IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.5625
September 20, 2022 | finance.yahoo.com
IG Wealth Management Announces Changes to Fund Line-up to Deliver Enhanced Diversification Benefits to Clients
September 14, 2022 | theglobeandmail.com
IGM Financial: Top 10 Undervalued Asset Management Industry Stocks on TSE (IGM)
See More Headlines
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IGM Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 1/31 Dividend
12/29/2022
Today
1/30/2023
Dividend Payable
1/31/2023
Next Earnings (Estimated)
2/09/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Asset Management
Sub-Industry
N/A
Sector
Finance
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$45.13
High Stock Price Forecast
C$57.00
Low Stock Price Forecast
C$38.00
Forecasted Upside/Downside
+8.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
N/A
Trailing P/E Ratio
10.97
Forward P/E Ratio
11.61
P/E Growth
-8.48
Net Income
N/A
Net Margins
N/A
Pretax Margin
N/A
Return on Equity
N/A
Return on Assets
N/A

Debt

Debt-to-Equity Ratio
37.43
Current Ratio
2.08
Quick Ratio
0.31

Sales & Book Value

Annual Sales
C$3.86 billion
Price / Sales
2.56
Cash Flow
C$4.75 per share
Price / Cash Flow
8.75
Book Value
C$25.51 per share
Price / Book
1.63

Miscellaneous

Outstanding Shares
237,660,000
Free Float
N/A
Market Cap
C$9.88 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. James O'Sullivan (Age 58)
    Pres, CEO & Director
    Comp: $4.03M
  • Mr. Michael Dibden
    COO & Exec. VP
  • Mr. Damon Murchison
    Pres & CEO of IG Wealth Management
  • Mr. Luke Gould
    Pres & CEO of Mackenzie Investments
  • Mr. Keith Potter
    Exec. VP & CFO
  • Ms. Rhonda Suzanne Goldberg
    Exec. VP & Gen. Counsel
  • Mr. Douglas Gordon McIntosh Milne
    Exec. VP and Chief Marketing & Strategy Officer
  • Ms. Cynthia Currie
    Exec. VP & Chief HR Officer
  • Mr. Jeffrey Robert Carney CFA (Age 60)
    Advisor
  • Ms. Kristin Elizabeth Ashcroft
    Exec. Vice-Pres of Products & Solutions for Mackenzie Investments

Key Competitors

View All Competitors

Insiders & Institutions

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