IGM Financial Stock Forecast, Price & News

IGM Financial (TSE:IGM) Frequently Asked Questions

Is IGM Financial a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IGM Financial stock. 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 analyst ratings for IGM Financial or view top-rated stocks.

How has IGM Financial's stock price been impacted by COVID-19 (Coronavirus)?

IGM Financial's stock was trading at C$31.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, IGM stock has increased by 51.8% and is now trading at C$47.18.
View which stocks have been most impacted by COVID-19.

When is IGM Financial's next earnings date?

IGM Financial is scheduled to release its next quarterly earnings announcement on Thursday, February 10th 2022.
View our earnings forecast for IGM Financial.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) posted its quarterly earnings data on Thursday, November, 4th. The financial services provider reported $1.13 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.05. The financial services provider earned $890.98 million during the quarter, compared to the consensus estimate of $882 million.
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 Tuesday, September 28th. Investors of record on Friday, October 29th will be paid a dividend of 0.5625 per share on Friday, October 29th. This represents a $2.25 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Tuesday, September 28th.
View IGM Financial's dividend history.

Is IGM Financial a good dividend stock?

IGM Financial pays an annual dividend of C$2.25 per share and currently has a dividend yield of 4.81%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of IGM Financial is 57.25%. This payout ratio is at a healthy, sustainable level, below 75%.
View IGM Financial's dividend history.

What price target have analysts set for IGM?

9 brokers have issued 12-month price targets for IGM Financial's stock. Their forecasts range from C$54.00 to C$60.00. On average, they expect IGM Financial's share price to reach C$57.25 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price.
View analysts' price targets for IGM Financial or view top-rated stocks among Wall Street analysts.

Who are IGM Financial's key executives?

IGM Financial's management team includes the following people:

• Mr. James O'Sullivan, Pres, CEO & Director (Age 57, Pay $1.96M)
• Mr. Luke Gould, Exec. VP & CFO
• Mr. Jeffrey Robert Carney CFA, Advisor (Age 59, Pay $3.59M)
• Mr. Damon Murchison, Pres & CEO of IG Wealth Management
• Mr. Barry Sean McInerney CFA, Pres & CEO of Mackenzie Investments
• Mr. Michael Dibden, Chief Operating Officer
• Mr. Keith Potter, Head of Investor Relations & Treasurer
• Ms. Rhonda Suzanne Goldberg, Exec. VP & Gen. Counsel
• Mr. Douglas Gordon McIntosh Milne, Exec. VP and Chief Marketing & Strategy Officer
• Mr. Blaine Shewchuk, Exec. VP, Chief Strategy & Corp. Devel. Officer

Who are some of IGM Financial's key competitors?

Some companies that are related to IGM Financial include Scottish Mortgage Investment Trust (SMT), 3i Group (III), Schroders (SDR), Onex (ONEX), TMX Group (X), DWS Group GmbH & Co. KGaA (DWS), Intermediate Capital Group (ICP), Schroders (SDRC), Hargreaves Lansdown (HL), Pershing Square (PSH), CI Financial (CIX), M&G (MNG), F&C Investment Trust (FCIT), Norbord (OSB) and Brookfield Infrastructure (BIPC).
View all of IGM's 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 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 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$47.18.

How much money does IGM Financial make?

IGM Financial has a market capitalization of C$11.28 billion and generates C$3.82 billion in revenue each year.

How many employees does IGM Financial have?

IGM Financial employs 3,300 workers across the globe.

What is IGM Financial's official website?

The official website for IGM Financial is www.igmfinancial.com.

Where are IGM Financial's headquarters?

IGM Financial is headquartered at 447 Portage Avenue, WINNIPEG, MB R3C 3B6, Canada.

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.