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TSE:IGM

IGM Financial (IGM) Stock Price, News & Analysis

C$34.93
-0.02 (-0.06%)
(As of 01:19 PM ET)
Today's Range
C$34.81
C$35.10
50-Day Range
C$34.74
C$36.81
52-Week Range
C$30.34
C$42.02
Volume
80,345 shs
Average Volume
250,796 shs
Market Capitalization
C$8.32 billion
P/E Ratio
9.00
Dividend Yield
6.44%
Price Target
C$42.17

IGM Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
20.6% Upside
C$42.17 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of IGM Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

1.97 out of 5 stars

IGM stock logo

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.

IGM Stock Price History

IGM Stock News Headlines

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Diversity helps IGM and its people thrive
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Here's what to expect from IGM Financial's earnings
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
12/28/2023
Dividend Payable
1/31/2024
Last Earnings
2/15/2024
Ex-Dividend for 4/30 Dividend
3/27/2024
Today
3/28/2024
Dividend Payable
4/30/2024
Next Earnings (Confirmed)
5/02/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
C$42.17
High Stock Price Target
C$46.00
Low Stock Price Target
C$36.00
Potential Upside/Downside
+20.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
C$925.76 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.70 billion
Cash Flow
C$3.99 per share
Book Value
C$27.97 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.32 billion
Optionable
Not Optionable
Beta
1.58
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Key Executives

  • Mr. James O'Sullivan (Age 60)
    President, CEO & Director
    Comp: $3.92M
  • Mr. Keith David Bernard Potter
    Executive VP & CFO
  • Mr. Michael Dibden
    COO & Executive VP
  • Mr. Damon Murchison
    President & CEO of IG Wealth Management
  • Mr. Luke Gould
    President & CEO of Mackenzie Investments
  • Ms. Rhonda Suzanne Goldberg
    Executive VP & General Counsel
  • Mr. Douglas Gordon McIntosh Milne
    Executive VP & Chief Marketing Officer
  • Ms. Cynthia Currie
    Executive VP & Chief Human Resources Officer
  • Ms. Kristin Elizabeth Ashcroft
    Executive Vice-President of Products & Solutions for Mackenzie Investments
  • Herpreet Lamba
    Senior Vice President Financial Services

IGM Stock Analysis - Frequently Asked Questions

Should I buy or sell IGM Financial stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IGM shares.
View IGM analyst ratings
or view top-rated stocks.

What is IGM Financial's stock price target for 2024?

6 Wall Street research analysts have issued 12-month target prices for IGM Financial's stock. Their IGM share price targets range from C$36.00 to C$46.00. On average, they predict the company's stock price to reach C$42.17 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
View analysts price targets for IGM
or view top-rated stocks among Wall Street analysts.

How have IGM shares performed in 2024?

IGM Financial's stock was trading at C$35.01 at the beginning of the year. Since then, IGM stock has decreased by 0.1% and is now trading at C$34.96.
View the best growth stocks for 2024 here
.

When is IGM Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our IGM earnings forecast
.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) posted its quarterly earnings data on Thursday, February, 15th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.89 by $0.05. The financial services provider had revenue of $768.80 million for the quarter, compared to analyst estimates of $773 million. IGM Financial had a trailing twelve-month return on equity of 14.46% and a net margin of 31.03%.

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

IGM Financial announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Thursday, March 28th will be given a dividend of 0.563 per share on Tuesday, April 30th. This represents a $2.25 annualized dividend and a dividend yield of 6.44%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for IGM
.

Is IGM Financial a good dividend stock?

IGM Financial (TSE:IGM) pays an annual dividend of C$2.25 per share and currently has a dividend yield of 6.45%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.99%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IGM.

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.

This page (TSE:IGM) was last updated on 3/28/2024 by MarketBeat.com Staff

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