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TSE:IGM

IGM Financial Inc. (IGM.TO) Stock Forecast, Price & News

C$34.87
+0.05 (+0.14 %)
(As of 11/25/2020 11:08 AM ET)
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Compare
Today's Range
C$34.50
Now: C$34.87▼
C$35.00
50-Day Range
C$29.25
MA: C$32.04▼
C$34.34
52-Week Range
C$20.96
Now: C$34.87▼
C$40.38
Volume48,309 shs
Average Volume348,782 shs
Market CapitalizationC$8.31 billion
P/E Ratio11.43
Dividend Yield6.46%
BetaN/A
IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through IG Wealth Management, 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; 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 Inc. (IGM.TO) logo

Beat the Market (BTM) Rank™

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

Overall Beat the Market Rank™

1.30 out of 5 stars


Industry, Sector and Symbol

Stock Exchange TSE
Industry Asset Management
Sub-IndustryN/A
SectorFinancial Services
Current SymbolTSE:IGM
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.igmfinancial.com
Phone+1-204-9430361
Employees3,300

Debt

Debt-to-Equity Ratio44.94
Current Ratio3.23
Quick Ratio0.70

Price-To-Earnings

Trailing P/E Ratio11.43
Forward P/E Ratio9.88
P/E Growth1.24

Sales & Book Value

Annual SalesC$3.42 billion
Price / Sales2.43
Cash FlowC$6.99 per share
Price / Cash Flow4.99
Book ValueC$20.63 per share
Price / Book1.69

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Outstanding Shares238,308,000
Market CapC$8.31 billion
Next Earnings Date2/12/2021 (Estimated)
OptionableOptionable
C$34.87
+0.05 (+0.14 %)
(As of 11/25/2020 11:08 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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IGM Financial Inc. (IGM.TO) (TSE:IGM) Frequently Asked Questions

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

IGM Financial Inc. (IGM.TO)'s stock was trading at C$31.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IGM shares have increased by 12.2% and is now trading at C$34.87.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of IGM Financial Inc. (IGM.TO)?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IGM Financial Inc. (IGM.TO) in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for IGM Financial Inc. (IGM.TO).

What stocks does MarketBeat like better than IGM Financial Inc. (IGM.TO)?

Wall Street analysts have given IGM Financial Inc. (IGM.TO) a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but IGM Financial Inc. (IGM.TO) wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is IGM Financial Inc. (IGM.TO)'s next earnings date?

IGM Financial Inc. (IGM.TO) is scheduled to release its next quarterly earnings announcement on Friday, February 12th 2021.
View our earnings forecast for IGM Financial Inc. (IGM.TO).

How often does IGM Financial Inc. (IGM.TO) pay dividends? What is the dividend yield for IGM Financial Inc. (IGM.TO)?

IGM Financial Inc. (IGM.TO) announced a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, December 31st will be paid a dividend of 0.563 per share on Friday, January 29th. This represents a $2.25 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Wednesday, December 30th.
View IGM Financial Inc. (IGM.TO)'s dividend history.

What price target have analysts set for IGM?

4 brokers have issued 12 month price targets for IGM Financial Inc. (IGM.TO)'s shares. Their forecasts range from C$34.00 to C$46.00. On average, they anticipate IGM Financial Inc. (IGM.TO)'s share price to reach C$37.75 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts' price targets for IGM Financial Inc. (IGM.TO).

Who are some of IGM Financial Inc. (IGM.TO)'s key competitors?

Some companies that are related to IGM Financial Inc. (IGM.TO) include Scottish Mortgage Investment Trust plc (SMT.L) (SMT), 3i Group Plc (III.L) (III), Schroders plc (SDR.L) (SDR), Hargreaves Lansdown plc (HL.L) (HL), TMX Group Limited (X.TO) (X), DWS Group GmbH & Co. KGaA (DWS.F) (DWS), Onex Co. (ONEX.TO) (ONEX), M&G plc (MNG.L) (MNG), Norbord Inc. (OSB.TO) (OSB), CI Financial Corp (CIX.TO) (CIX), F&C Investment Trust (FCIT.L) (FCIT), Intermediate Capital Group plc (ICP.L) (ICP), HICL Infrastructure (HICL), Brookfield Infrastructure (BIPC) and RIT Capital Partners plc (RCP.L) (RCP).
View all competitors.

What other stocks do shareholders of IGM Financial Inc. (IGM.TO) own?

Based on aggregate information from My MarketBeat watchlists, some companies that other IGM Financial Inc. (IGM.TO) 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 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).

Who are IGM Financial Inc. (IGM.TO)'s key executives?

IGM Financial Inc. (IGM.TO)'s management team includes the following people:
  • Mr. Luke Gould, Exec. VP of Fin. & CFO
  • Mr. Michael Dibden, Chief Operating Officer
  • Mr. Jeffrey Robert Carney CFA, Advisor (Age 58, Pay $5.03M)
  • Mr. Barry Sean McInerney CFA, Pres & CEO of Mackenzie Investments
  • Mr. James O'Sullivan, Pres, CEO & Director
  • 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
  • Ms. Cynthia Currie, Exec. VP & Chief HR Officer

What is IGM Financial Inc. (IGM.TO)'s stock symbol?

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

How do I buy shares of IGM Financial Inc. (IGM.TO)?

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 Inc. (IGM.TO)'s stock price today?

One share of IGM stock can currently be purchased for approximately C$34.87.

How big of a company is IGM Financial Inc. (IGM.TO)?

IGM Financial Inc. (IGM.TO) has a market capitalization of C$8.31 billion and generates C$3.42 billion in revenue each year. IGM Financial Inc. (IGM.TO) employs 3,300 workers across the globe.

What is IGM Financial Inc. (IGM.TO)'s official website?

The official website for IGM Financial Inc. (IGM.TO) is www.igmfinancial.com.

How can I contact IGM Financial Inc. (IGM.TO)?

IGM Financial Inc. (IGM.TO)'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 11/25/2020 by MarketBeat.com Staff
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