TSE:IGM IGM Financial (IGM) Stock Price, News & Analysis C$39.44 +0.40 (+1.02%) (As of 07/26/2024 ET) Add Compare Share Share Today's RangeC$39.20▼C$39.5050-Day RangeC$35.85▼C$39.4452-Week RangeC$30.34▼C$41.73Volume130,709 shsAverage Volume247,966 shsMarket CapitalizationC$9.36 billionP/E Ratio12.21Dividend Yield5.70%Price TargetC$44.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlines Get IGM Financial alerts: Email Address IGM Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside12.0% UpsideC$44.17 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.56Based on 6 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.04 out of 5 stars 2.3 Analyst's Opinion Consensus RatingIGM Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageIGM Financial has only been the subject of 3 research reports in the past 90 days.Read more about IGM Financial's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for IGM. Previous Next 2.5 Dividend Strength Dividend LeadershipIGM Financial is a leading dividend payer. It pays a dividend yield of 6.12%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIGM Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of IGM Financial is 69.66%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about IGM Financial's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IGM. Previous Next 2.5 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 6 news articles for IGM Financial this week, compared to 2 articles on an average week.Search InterestOnly 7 people have searched for IGM on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.MarketBeat Follows1 people have added IGM Financial to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IGM Financial insiders have not sold or bought any company stock.Percentage Held by Insiders59.21% of the stock of IGM Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 8.02% of the stock of IGM Financial is held by institutions.Read more about IGM Financial's insider trading history. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of IGM Financial is 12.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.14.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 12.21, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 483.38.Price to Earnings Growth RatioIGM Financial has a PEG Ratio of 4.04. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIGM Financial has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about IGM Financial's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap Profits625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.>> Dive into the Workshop Here About IGM Financial Stock (TSE:IGM)IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services. The Asset Management segment provides investment management services to a suite of investment funds distributed through third party dealers and financial advisors. It also offers insurance and banking products and services. The company was incorporated in 1978 and is based in Winnipeg, Canada. IGM Financial Inc. operates as a subsidiary of Power Financial Corporation.Read More IGM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IGM Stock News HeadlinesJuly 27 at 3:02 AM | americanbankingnews.comIGM Financial Inc. (TSE:IGM) Given Average Recommendation of "Moderate Buy" by BrokeragesJuly 26 at 2:26 AM | msn.comMexican families flee to Guatemala to escape violenceJuly 27, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 25 at 5:42 AM | americanbankingnews.comIGM Financial (TSE:IGM) Price Target Raised to C$46.00 at ScotiabankJuly 24 at 9:52 AM | finance.yahoo.comIGM Financial And Two Other Top TSX Dividend StocksMay 29, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Financial Stocks: Factset Research (FDS) and Equitable Group (OtherEQGPF)May 29, 2024 | finance.yahoo.comIG Wealth Management Annual Estate Planning Study: Critical Gaps Exist in Canadians' KnowledgeMay 21, 2024 | finance.yahoo.comExploring Three TSX Dividend Stocks For Your PortfolioJuly 27, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.May 13, 2024 | markets.businessinsider.comAnalysts Are Neutral on These Financial Stocks: CI Financial (CIXXF), TCG BDC (CGBD)May 10, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Sprott (SII), Manulife Financial (MFC) and Texas Capital Bancshares (TCBI)May 8, 2024 | finance.yahoo.comPower Corporation Reports First Quarter 2024 Financial ResultsMay 7, 2024 | theglobeandmail.comThousands Across Canada Unite for Annual IG Wealth Management Walk for Alzheimer’sMay 6, 2024 | finance.yahoo.comThousands Across Canada Unite for Annual IG Wealth Management Walk for Alzheimer’sMay 5, 2024 | theglobeandmail.comWealthsimple experiencing massive growth after two quarters of record asset gainsMay 4, 2024 | finance.yahoo.comIGM Financial First Quarter 2024 Earnings: EPS Beats ExpectationsMay 3, 2024 | finance.yahoo.comIGM Financial Inc. Announces Election of DirectorsMay 3, 2024 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES APRIL 2024 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSSee More Headlines Receive IGM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IGM Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 4/30 Dividend3/27/2024Dividend Payable4/30/2024Last Earnings5/02/2024Ex-Dividend for 7/31 Dividend6/28/2024Today7/27/2024Dividend Payable7/31/2024Next Earnings (Confirmed)8/07/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorFinancial Services Industry Asset Management Sub-IndustryN/A Current SymbolTSE:IGM CUSIPN/A CIKN/A Webwww.igmfinancial.com Phone+1-204-9430361FaxN/AEmployees3,300Year FoundedN/APrice Target and Rating Average Stock Price TargetC$44.17 High Stock Price TargetC$46.00 Low Stock Price TargetC$40.00 Potential Upside/Downside+12.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.23 Trailing P/E Ratio12.21 Forward P/E Ratio10.20 P/E Growth4.04Net IncomeC$770.94 million Net Margins27.67% Pretax MarginN/A Return on Equity11.63% Return on Assets4.22% Debt Debt-to-Equity Ratio37.00 Current Ratio2.15 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.58 billion Price / Sales2.61 Cash FlowC$4.51 per share Price / Cash Flow8.75 Book ValueC$28.96 per share Price / Book1.36Miscellaneous Outstanding Shares237,360,000Free FloatN/AMarket CapC$9.36 billion OptionableNot Optionable Beta1.55 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 60)President, CEO & Director Comp: $3.9MMr. Keith David Bernard PotterExecutive VP & CFOMr. Damon MurchisonPresident & CEO of IG Wealth ManagementMr. Luke GouldPresident & CEO of Mackenzie InvestmentsMs. Nancy Elizabeth McCuaigExecutive VP & COOSam BurnsExecutive VP & Chief Information OfficerMs. Rhonda Suzanne GoldbergExecutive VP & General CounselMr. Douglas Gordon McIntosh MilneExecutive VP & Chief Marketing OfficerMs. Cynthia CurrieExecutive VP & Chief Human Resources OfficerMs. Kristin Elizabeth AshcroftExecutive Vice-President of Products & Solutions for Mackenzie InvestmentsMore ExecutivesKey CompetitorsBrookfield Asset ManagementTSE:BAMOnexTSE:ONEXCI FinancialTSE:CIXSprottTSE:SIIFairfax IndiaTSE:FIH.UView All Competitors IGM Stock Analysis - Frequently Asked Questions How have IGM shares performed this year? IGM Financial's stock was trading at C$35.01 at the start of the year. Since then, IGM stock has increased by 12.7% and is now trading at C$39.44. View the best growth stocks for 2024 here. How were IGM Financial's earnings last quarter? IGM Financial Inc. (TSE:IGM) issued its quarterly earnings results on Thursday, May, 2nd. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.03. The financial services provider earned $811.67 million during the quarter, compared to the consensus estimate of $796.65 million. IGM Financial had a trailing twelve-month return on equity of 11.63% and a net margin of 27.67%. How do I buy shares of IGM Financial? 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.Compare Top Brokerages Here. What other stocks do shareholders of IGM Financial own? Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and iShares Core S&P Small-Cap ETF (IJR). 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