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TSE:IGM

IGM Financial (IGM) Stock Forecast, Price & News

C$38.28
+0.62 (+1.65%)
(As of 05/27/2022 12:00 AM ET)
Add
Compare
Today's Range
C$37.80
C$38.39
50-Day Range
C$35.93
C$45.91
52-Week Range
C$35.01
C$51.68
Volume
252,932 shs
Average Volume
371,508 shs
Market Capitalization
C$9.16 billion
P/E Ratio
9.25
Dividend Yield
5.97%
Beta
N/A
30 days | 90 days | 365 days | Advanced Chart
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IGM Financial logo

About IGM Financial

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.

Headlines

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Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,300
Year Founded
N/A

Sales & Book Value

Annual Sales
C$3.96 billion
Cash Flow
C$5.74 per share
Book Value
C$26.53 per share

Profitability

Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
C$9.16 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/29 Dividend
3/30/2022
Dividend Payable
4/29/2022
Today
5/27/2022
Next Earnings (Estimated)
8/03/2022

MarketRank

Overall MarketRank

2.00 out of 5 stars

Analyst Opinion: 3.2Community Rank: 3.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -













IGM Financial (TSE:IGM) Frequently Asked Questions

Is IGM Financial a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.

When is IGM Financial's next earnings date?

IGM Financial is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for IGM Financial
.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) issued its earnings results on Thursday, May, 5th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.93 by $0.02. The financial services provider had revenue of $857.23 million for the quarter, compared to analysts' expectations of $865 million.
View IGM Financial's earnings history
.

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

IGM Financial declared a quarterly dividend on Friday, February 11th. Investors of record on Thursday, March 31st will be paid a dividend of 0.563 per share on Friday, April 29th. This represents a $2.25 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Wednesday, March 30th. This is a boost from IGM Financial's previous quarterly dividend of C$0.56.
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 5.97%. 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 54.37%. 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?

8 equities research analysts have issued 1-year price objectives for IGM Financial's stock. Their forecasts range from C$43.00 to C$62.00. On average, they expect IGM Financial's stock price to reach C$52.33 in the next year. This suggests a possible upside of 36.7% 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 58, Pay $4.03M)
  • Mr. Luke Gould, Exec. VP & CFO
  • Mr. Michael Dibden, COO & Exec. VP
  • Mr. Damon Murchison, Pres & CEO of IG Wealth Management
  • Mr. Barry Sean McInerney CFA, Pres & CEO of Mackenzie Investments
  • 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
  • Ms. Cynthia Currie, Exec. VP & Chief HR Officer
  • Mr. Jeffrey Robert Carney CFA, Advisor (Age 60)
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$38.28.

How much money does IGM Financial make?

IGM Financial has a market capitalization of C$9.16 billion and generates C$3.96 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.

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.

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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