IGM Financial Stock Price, News & Analysis (TSE:IGM)

C$45.31 0.25 (0.55 %)
(As of 11/21/2017 04:00 PM ET)
Previous CloseC$45.06
Today's RangeC$44.90 - C$45.60
52-Week RangeC$37.25 - C$45.82
Volume200,959 shs
Average Volume245,023 shs
Market CapitalizationC$10.75 billion
P/E RatioN/A
Dividend Yield4.99%
Beta1

About IGM Financial (TSE:IGM)

IGM Financial logoIGM Financial Inc. is a Canada-based financial services company. The Company's principal businesses are Investors Group Inc. and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other. The Investors Group provides a range of financial and investment planning services through its network of consultants across the country, and its products and services include Personal Financial Planner, Symphony Strategic Investment Planning Program and Mutual Funds. The Mackenzie Investments segment is engaged in the provision of investment management and related services offered through diversified investment solutions, distributed through multiple distribution channels. The Corporate and Other segment includes share of earnings of its affiliate, Great-West Lifeco Inc. (Lifeco) and operating results for Investment Planning Counsel Inc.


Industry, Sector and Symbol:
  • Industry: Asset Management
  • Sub-Industry: N/A
  • Sector: Financial
  • Symbol: TSE:IGM
  • CUSIP: N/A
  • Web: www.igmfinancial.com
Dividend:
  • Annual Dividend: C$2.25
  • Dividend Yield: 5.0%
Profitability:
  • Trailing EPS: C$3.26
  • Net Margins: 23.46%
  • Return on Equity: 14.75%
  • Return on Assets: 4.41%
Misc:
  • Outstanding Shares: 240,588,000
 

Frequently Asked Questions for IGM Financial (TSE:IGM)

What is IGM Financial's stock symbol?

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

How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial?

IGM Financial announced a quarterly dividend on Thursday, November 2nd. Investors of record on Friday, December 29th will be paid a dividend of 0.563 per share on Wednesday, January 31st. This represents a $2.25 annualized dividend and a yield of 4.97%. The ex-dividend date is Thursday, December 28th. View IGM Financial's Dividend History.

When will IGM Financial make its next earnings announcement?

IGM Financial is scheduled to release their next quarterly earnings announcement on Friday, February, 9th 2018. View Earnings Estimates for IGM Financial.

Where is IGM Financial's stock going? Where will IGM Financial's stock price be in 2017?

7 Wall Street analysts have issued twelve-month price targets for IGM Financial's stock. Their forecasts range from C$39.50 to C$52.00. On average, they anticipate IGM Financial's share price to reach C$46.06 in the next twelve months. View Analyst Ratings for IGM Financial.

Who are some of IGM Financial's key competitors?

Who are IGM Financial's key executives?

IGM Financial's management team includes the folowing people:

  • R. Jeffrey Orr, Independent Chairman of the Board (Age 58)
  • Jeffrey R. Carney, President, Chief Executive Officer, Director (Age 54)
  • Kevin E. Regan, Chief Financial Officer, Executive Vice President
  • Barry McInerney, President, Chief Executive Officer of Mackenzie Investments (Age 54)
  • Donald J. MacDonald, Senior Vice President, General Counsel, Secretary
  • Rhonda Goldberg, Senior Vice President - Client and Regulatory Affairs
  • Kathy Allan, Senior Vice-President - Human Resources of Mackenzie Financial Corporation and Investors Group Inc.
  • Todd Asman, Executive Vice-President - Product and Financial Planning of Investors Group Inc
  • Christopher Boyle, Senior Vice-President, Institutional Sales, Mackenzie Investments
  • Renata Dennis, Senior Vice President - Distribution Services, Investors Group Inc.

How do I buy IGM Financial stock?

Shares of IGM Financial 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 Financial stock can currently be purchased for approximately C$45.31.

How big of a company is IGM Financial?

IGM Financial has a market capitalization of C$10.75 billion.

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.


MarketBeat Community Rating for IGM Financial (TSE IGM)

Community Ranking:  1.2 out of 5 (star)
Outperform Votes:  125 (Vote Outperform)
Underperform Votes:  401 (Vote Underperform)
Total Votes:  526
MarketBeat's community ratings are surveys of what our community members think about IGM Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Analysts' Consensus Rating for IGM Financial (TSE:IGM)

  (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 3 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings
Consensus Rating:Hold (Score: 2.29)
Consensus Price Target: C$46.06

Consensus Price Target History for IGM Financial (TSE:IGM)

Price Target History for IGM Financial (TSE:IGM)

Analysts' Ratings History for IGM Financial (TSE:IGM)

Show:
DateFirmActionRatingPrice TargetDetails
11/6/2017Barclays PLCLower Price TargetC$44.00 -> C$43.00View Rating Details
11/6/2017CIBCLower Price TargetC$48.00 -> C$45.00View Rating Details
11/6/2017ScotiabankBoost Price TargetSector PerformC$47.00 -> C$49.00View Rating Details
11/6/2017BMO Capital MarketsReiterated RatingOutperformC$48.00View Rating Details
11/6/2017TD SecuritiesUpgradeHold -> BuyC$48.00 -> C$52.00View Rating Details
10/31/2017DesjardinsBoost Price TargetC$48.00 -> C$50.00View Rating Details
2/13/2017Royal Bank Of CanadaBoost Price TargetC$41.00 -> C$42.00View Rating Details
1/6/2017Canaccord GenuityBoost Price TargetHoldC$39.00 -> C$39.50View Rating Details
8/5/2016GMP SecuritiesDowngradeBuy -> HoldC$42.25 -> C$39.50View Rating Details
4/11/2016National Bank FinancialBoost Price TargetC$35.00 -> C$36.00View Rating Details
2/17/2016Bank of America CorporationLower Price TargetC$44.00 -> C$43.00View Rating Details
(Data available from 11/21/2015 forward)

Earnings

Earnings History and Estimates Chart for IGM Financial (TSE:IGM)

Earnings by Quarter for IGM Financial (TSE:IGM)

Earnings History by Quarter for IGM Financial (TSE IGM)

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/9/2018        
8/7/2014C$0.83C$0.81C$745.47 millionC$720.23 millionViewN/AView Earnings Details
5/9/2014C$0.80C$0.77C$709.14 millionC$714.85 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for IGM Financial (TSE:IGM)
2017 EPS Consensus Estimate: $3.18
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.73$0.78$0.76
Q2 20171$0.77$0.77$0.77
Q3 20173$0.80$0.84$0.82
Q4 20172$0.82$0.86$0.84
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for IGM Financial (TSE:IGM)

Next Dividend:1/31/2018
Annual Dividend:$2.25
Dividend Yield:4.97%
Payout Ratio:69.02% (Trailing 12 Months of Earnings)
Dividend Payments by Quarter for IGM Financial (TSE:IGM)

Dividend History by Quarter for IGM Financial (TSE IGM)

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/2/2017Quarterly$0.5612/28/201712/29/20171/31/2018
8/4/2017Quarterly$0.565.34%9/28/20179/29/201710/31/2017
5/8/2015Quarterly$0.475.35%6/26/20156/30/20157/31/2015
2/13/2015Quarterly$0.454.91%3/27/20153/31/20154/30/2015
12/29/2014Quarterly$0.565.15%12/29/20141/30/20151/30/2015
8/7/2014$0.499/26/20149/30/201410/31/2014
5/9/2014$0.496/26/20146/30/20147/31/2014
2/14/2014$0.493/27/20143/31/20144/30/2014
11/7/2013$0.5112/27/201312/31/20131/31/2014
11/7/2013quarterly$0.5412/31/20131/31/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for IGM Financial (TSE IGM)

Insider Trades by Quarter for IGM Financial (TSE:IGM)

Insider Trades by Quarter for IGM Financial (TSE IGM)

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/21/2015Olivier DesmaraisDirectorBuy2,838C$35.22C$99,954.36
9/30/2015Claude GénéreuxDirectorBuy3,000C$33.80C$101,400.00
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for IGM Financial (TSE IGM)

Source:
DateHeadline
IGM Financial Inc. Announces CFO Succession PlanIGM Financial Inc. Announces CFO Succession Plan
finance.yahoo.com - November 21 at 7:57 PM
IGM Financial Inc. (IGM) Given Average Recommendation of "Hold" by BrokeragesIGM Financial Inc. (IGM) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - November 19 at 7:38 PM
Counsel Proposes Merger of Funds and Other Changes to its Investment LineupCounsel Proposes Merger of Funds and Other Changes to its Investment Lineup
finance.yahoo.com - November 17 at 7:15 PM
BRIEF-IGM Financial announces initiatives to enhance operational effectivenessBRIEF-IGM Financial announces initiatives to enhance operational effectiveness
www.reuters.com - November 14 at 8:19 PM
IGM Financial Inc. Announces Initiatives to Enhance Operational EffectivenessIGM Financial Inc. Announces Initiatives to Enhance Operational Effectiveness
finance.yahoo.com - November 14 at 8:19 PM
Mackenzie Investments Recognized at Lipper® AwardsMackenzie Investments Recognized at Lipper® Awards
finance.yahoo.com - November 11 at 11:30 AM
ETFs with exposure to IGM Financial, Inc. : November 7, 2017ETFs with exposure to IGM Financial, Inc. : November 7, 2017
finance.yahoo.com - November 8 at 10:11 AM
IGM Financial Inc. 2017 Q3 - Results - Earnings Call SlidesIGM Financial Inc. 2017 Q3 - Results - Earnings Call Slides
seekingalpha.com - November 7 at 3:17 AM
IGM Financial, Inc. :IGM-CA: Earnings Analysis: Q3, 2017 By the Numbers : November 6, 2017IGM Financial, Inc. :IGM-CA: Earnings Analysis: Q3, 2017 By the Numbers : November 6, 2017
finance.yahoo.com - November 7 at 3:17 AM
IGM Financial Inc. (IGM) Upgraded at TD SecuritiesIGM Financial Inc. (IGM) Upgraded at TD Securities
www.americanbankingnews.com - November 6 at 10:16 PM
IGM Financial Inc. (IGM) PT Raised to C$49.00 at ScotiabankIGM Financial Inc. (IGM) PT Raised to C$49.00 at Scotiabank
www.americanbankingnews.com - November 6 at 6:56 PM
CIBC Lowers IGM Financial Inc. (IGM) Price Target to C$45.00CIBC Lowers IGM Financial Inc. (IGM) Price Target to C$45.00
www.americanbankingnews.com - November 6 at 6:56 PM
Barclays PLC Trims IGM Financial Inc. (IGM) Target Price to C$43.00Barclays PLC Trims IGM Financial Inc. (IGM) Target Price to C$43.00
www.americanbankingnews.com - November 6 at 6:56 PM
BMO Capital Markets Reaffirms "Outperform" Rating for IGM Financial Inc. (IGM)BMO Capital Markets Reaffirms "Outperform" Rating for IGM Financial Inc. (IGM)
www.americanbankingnews.com - November 6 at 6:56 PM
Equities Analysts Offer Predictions for IGM Financial Inc.s FY2018 Earnings (IGM)Equities Analysts Offer Predictions for IGM Financial Inc.'s FY2018 Earnings (IGM)
www.americanbankingnews.com - November 6 at 12:52 PM
Edited Transcript of IGM.TO earnings conference call or presentation 3-Nov-17 2:00pm GMTEdited Transcript of IGM.TO earnings conference call or presentation 3-Nov-17 2:00pm GMT
finance.yahoo.com - November 4 at 2:00 AM
BRIEF-IGM Financial announces October 2017 investment fund salesBRIEF-IGM Financial announces October 2017 investment fund sales
www.reuters.com - November 3 at 9:23 AM
IGM Financial Inc. Reports Third Quarter EarningsIGM Financial Inc. Reports Third Quarter Earnings
finance.yahoo.com - November 3 at 9:23 AM
IGM Financial Inc. Announces October 2017 Investment Fund Sales and Total Assets Under ManagementIGM Financial Inc. Announces October 2017 Investment Fund Sales and Total Assets Under Management
finance.yahoo.com - November 3 at 9:23 AM
Brokers Offer Predictions for IGM Financial Inc.s FY2017 Earnings (IGM)Brokers Offer Predictions for IGM Financial Inc.'s FY2017 Earnings (IGM)
www.americanbankingnews.com - November 2 at 7:40 AM
Desjardins Raises IGM Financial Inc. (IGM) Price Target to C$50.00Desjardins Raises IGM Financial Inc. (IGM) Price Target to C$50.00
www.americanbankingnews.com - October 31 at 9:18 PM
Barclays PLC Raises IGM Financial Inc. (IGM) Price Target to C$44.00Barclays PLC Raises IGM Financial Inc. (IGM) Price Target to C$44.00
www.americanbankingnews.com - October 30 at 8:38 PM
Counsel Portfolio Services Renames its Fee-Based Series, Announces Changes to Risk Ratings and Fund ClosuresCounsel Portfolio Services Renames its Fee-Based Series, Announces Changes to Risk Ratings and Fund Closures
finance.yahoo.com - October 28 at 6:55 AM
Mackenzie Investments Announces October 2017 Distributions for its Active Exchange Traded Funds (MKB, MUB, MFT, MGB, MHYB)Mackenzie Investments Announces October 2017 Distributions for its Active Exchange Traded Funds (MKB, MUB, MFT, MGB, MHYB)
finance.yahoo.com - October 26 at 1:07 PM
IGM Financial Inc. (IGM) to Release Earnings on ThursdayIGM Financial Inc. (IGM) to Release Earnings on Thursday
www.americanbankingnews.com - October 26 at 4:16 AM
IGM Financial Inc. (IGM) Given Consensus Recommendation of "Hold" by BrokeragesIGM Financial Inc. (IGM) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - October 25 at 11:52 PM
Investing with impact: Mackenzie Investments announces two new products designed to help investors looking for competitive risk-adjusted returns in sustainable, responsible and impact investmentsInvesting with impact: Mackenzie Investments announces two new products designed to help investors looking for competitive risk-adjusted returns in sustainable, responsible and impact investments
finance.yahoo.com - October 10 at 7:13 PM
Mackenzie Investments announces a unique equity fund offering exposure to Chinas entire capital marketMackenzie Investments announces a unique equity fund offering exposure to China's entire capital market
finance.yahoo.com - October 10 at 7:13 PM
Spin Master, GM, Coutu at 52-Week HighsSpin Master, GM, Coutu at 52-Week Highs
www.baystreet.ca - October 5 at 9:33 PM
Mackenzie Investments Opens the MarketMackenzie Investments Opens the Market
www.marketwatch.com - October 4 at 4:52 PM
IGM Financial Inc. Announces September 2017 Investment Fund Sales and Total Assets Under ManagementIGM Financial Inc. Announces September 2017 Investment Fund Sales and Total Assets Under Management
finance.yahoo.com - October 4 at 4:52 PM
Mackenzie Investments Sponsors Olympic & World Cup Athlete Georgia SimmerlingMackenzie Investments Sponsors Olympic & World Cup Athlete Georgia Simmerling
finance.yahoo.com - October 2 at 1:14 PM
IGM Financial, Inc. : IGM-CA: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : September 29, 2017IGM Financial, Inc. : IGM-CA: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : September 29, 2017
finance.yahoo.com - October 2 at 1:14 PM
Mackenzie Investments Announces Reduced Minimum Investment and Enhancement to its Private Wealth Pools and Risk Rating and Distribution Policy Changes for Certain FundsMackenzie Investments Announces Reduced Minimum Investment and Enhancement to its Private Wealth Pools and Risk Rating and Distribution Policy Changes for Certain Funds
finance.yahoo.com - September 26 at 10:38 AM
Mackenzie Investments Announces September 2017 Distributions for its Active Exchange Traded Funds (MKB, MUB, MFT, MGB, MHYB)Mackenzie Investments Announces September 2017 Distributions for its Active Exchange Traded Funds (MKB, MUB, MFT, MGB, MHYB)
finance.yahoo.com - September 25 at 9:46 AM
IGM Financial Inc. (IGM) to Issue Dividend Increase - $0.56 Per ShareIGM Financial Inc. (IGM) to Issue Dividend Increase - $0.56 Per Share
www.americanbankingnews.com - September 23 at 11:54 AM
CANADA STOCKS-TSX notches near six-week high, led by energy - ReutersCANADA STOCKS-TSX notches near six-week high, led by energy - Reuters
www.reuters.com - September 20 at 4:14 PM
Mackenzie proposes Merger of Quadrus FundMackenzie proposes Merger of Quadrus Fund
finance.yahoo.com - September 20 at 4:14 PM
IGM Financial, Inc. breached its 50 day moving average in a Bullish Manner : IGM-CA : September 19, 2017IGM Financial, Inc. breached its 50 day moving average in a Bullish Manner : IGM-CA : September 19, 2017
finance.yahoo.com - September 19 at 7:52 PM
Mackenzie Investments Unveils 50 Insights for AdvisorsMackenzie Investments Unveils 50 Insights for Advisors
finance.yahoo.com - September 18 at 7:17 PM
IGM Financial Inc. (IGM) Stock Rating Reaffirmed by BMO Capital MarketsIGM Financial Inc. (IGM) Stock Rating Reaffirmed by BMO Capital Markets
www.americanbankingnews.com - September 18 at 3:18 PM
Mackenzie Investments Announces September 2017 Distributions for its Maximum Diversification Exchange Traded Funds (MKC, MUS, MEU, MWD, MXU)Mackenzie Investments Announces September 2017 Distributions for its Maximum Diversification Exchange Traded Funds (MKC, MUS, MEU, MWD, MXU)
finance.yahoo.com - September 14 at 6:22 AM
Media Advisory: IGM Financial Inc. to Release Third Quarter 2017 ResultsMedia Advisory: IGM Financial Inc. to Release Third Quarter 2017 Results
finance.yahoo.com - September 8 at 9:08 PM
BRIEF-IGM Financial announces August 2017 investment fund sales and total assets under managementBRIEF-IGM Financial announces August 2017 investment fund sales and total assets under management
www.reuters.com - September 6 at 7:43 PM
IGM Financial Inc. Live Webcast from Scotiabank Financials Summit 2017IGM Financial Inc. Live Webcast from Scotiabank Financials Summit 2017
finance.yahoo.com - September 6 at 7:43 PM
IGM Financial Inc. Announces August 2017 Investment Fund Sales and Total Assets Under ManagementIGM Financial Inc. Announces August 2017 Investment Fund Sales and Total Assets Under Management
finance.yahoo.com - September 6 at 6:19 AM
IGM Financial Inc. (IGM) Receives Consensus Rating of "Hold" from BrokeragesIGM Financial Inc. (IGM) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 6 at 12:56 AM
IGM Financial Inc. Completes Acquisition of 13.9% Interest in Market-Leading China Asset Management Co., Ltd. - BenzingaIGM Financial Inc. Completes Acquisition of 13.9% Interest in Market-Leading China Asset Management Co., Ltd. - Benzinga
www.benzinga.com - September 2 at 6:42 PM
Securityholders vote in favour of Investors Group mutual fund changesSecurityholders vote in favour of Investors Group mutual fund changes
finance.yahoo.com - September 1 at 8:09 PM
IGM Financial, Inc. breached its 50 day moving average in a Bearish Manner : IGM-CA : August 29, 2017IGM Financial, Inc. breached its 50 day moving average in a Bearish Manner : IGM-CA : August 29, 2017
finance.yahoo.com - August 30 at 1:04 AM

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Financials

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Chart

IGM Financial (TSE IGM) Chart for Tuesday, November, 21, 2017
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This page was last updated on 11/21/2017 by MarketBeat.com Staff

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