IGM Financial - IGM Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our IGM earnings forecast.

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.

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.

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).

IGM Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IGM."

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.
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One share of IGM stock can currently be purchased for approximately C$40.55.

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.

The company employs 3,300 workers across the globe.

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.