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

0 analysts have issued 1 year price targets for IGM Financial's stock. Their IGIFF share price targets range from $40.00 to $51.00. On average, they expect the company's stock price to reach $46.50 in the next year. This suggests a possible upside of 91.6% from the stock's current price. View analysts price targets for IGIFF or view top-rated stocks among Wall Street analysts .

How have IGIFF shares performed in 2024?

IGM Financial's stock was trading at $26.42 at the beginning of 2024. Since then, IGIFF stock has decreased by 8.1% and is now trading at $24.27. View the best growth stocks for 2024 here .

Are investors shorting IGM Financial?

IGM Financial saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 595,600 shares, a decline of 21.7% from the March 15th total of 760,200 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 145.3 days. View IGM Financial's Short Interest .

When is IGM Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our IGIFF earnings forecast .

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

IGM Financial declared a dividend on Thursday, March 21st. Investors of record on Thursday, March 28th will be given a dividend of $0.4167 per share on Tuesday, April 30th. This represents a dividend yield of 6.51%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous dividend of $0.41. Read our dividend analysis for IGIFF .

Is IGM Financial a good dividend stock?

IGM Financial (OTCMKTS:IGIFF) pays an annual dividend of $2.15 per share and currently has a dividend yield of 5.62%. IGIFF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.85%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IGIFF .

How do I buy shares of IGM Financial?

Shares of IGIFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:IGIFF

IGM Financial (IGIFF) Stock Price, News & Analysis

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$24.27

+0.35 (+1.46%)

(As of 04/17/2024 ET)

Compare

Today's Range: $24.27
▼
$24.27
50-Day Range: $24.11
▼
$27.72
52-Week Range: $22.14
▼
$31.56

Volume: 486 shs
Average Volume: 11,458 shs
Market Capitalization: N/A

P/E Ratio: 7.66
Dividend Yield: 8.86%
Price Target: $46.50

Stock Analysis Analyst Forecasts Chart Dividend Headlines Short Interest

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IGM Financial MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 91.6% Upside
$46.50 Price Target
Short Interest: Bearish
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

1.72 out of 5 stars

2.0

Analyst's Opinion

Amount of Analyst Coverage
IGM Financial has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
IGM Financial has a short interest ratio ("days to cover") of 145.3, which indicates bearish sentiment.
Change versus previous month
Short interest in IGM Financial has recently decreased by 21.65%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
IGM Financial is a leading dividend payer. It pays a dividend yield of 5.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
IGM Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of IGM Financial is 67.85%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IGIFF.

2.7

News and Social Media Coverage

News Sentiment
IGM Financial has a news sentiment score of 1.84. 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 higher news sentiment than the 0.48 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for IGM Financial this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IGM Financial insiders have not sold or bought any company stock.
Percentage Held by Institutions
74.96% of the stock of IGM Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of IGM Financial is 7.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of IGM Financial is 7.66, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 451.31.

See Top Rated MarketRank™ Stocks Here

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About IGM Financial Stock (OTCMKTS:IGIFF)

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.

IGIFF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IGIFF Stock News Headlines

April 18, 2024 | finance.yahoo.com

Mackenzie Investments' Fifth Annual Earth Day Study: Canadians' Interest in Sustainable Investing on the Rise, But Barriers to Increased Adoption Still Remain

April 3, 2024 | finance.yahoo.com

IGM Financial selects Eviden to provide cloud computing services

April 18, 2024 | DTI (Ad)

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March 22, 2024 | finance.yahoo.com

Should Income Investors Look At IGM Financial Inc. (TSE:IGM) Before Its Ex-Dividend?

March 21, 2024 | finance.yahoo.com

IGM Financial Inc. to announce first quarter 2024 results on May 2, 2024

March 12, 2024 | finance.yahoo.com

Mackenzie Investments Announces March 2024 Quarterly Distributions for its Exchange Traded Funds

March 12, 2024 | finance.yahoo.com

Mackenzie Investments Crowns Équipe de Compétition Mont Adstock as 2024 Mackenzie Top Peak Ski Champion

March 7, 2024 | finance.yahoo.com

EQB Leads Trio of Solid Canadian Dividend Stocks

April 18, 2024 | Crypto 101 Media (Ad)

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March 6, 2024 | finance.yahoo.com

Investors in IGM Financial (TSE:IGM) have unfortunately lost 13% over the last year

March 6, 2024 | finance.yahoo.com

Mackenzie Investments Announces Proposed Changes to Further Streamline Product Shelf

February 16, 2024 | wsj.com

IGM Financial Inc.

February 15, 2024 | msn.com

IGM Financial reports Q4 results

February 15, 2024 | finance.yahoo.com

IGM FINANCIAL REPORTS FOURTH QUARTER AND 2023 EARNINGS

February 5, 2024 | finance.yahoo.com

IGM FINANCIAL INC. ANNOUNCES JANUARY 2024 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

February 5, 2024 | finance.yahoo.com

Mackenzie Top Peak: Polls Are Open to Select Canada's Top Three Most Invested Ski Communities

February 2, 2024 | finance.yahoo.com

IG Wealth Management Wins 10 FundGrade® A+ Awards for Outstanding Investment Performance

February 2, 2024 | finance.yahoo.com

Mackenzie Investments Wins Ten 2023 Fundata FundGrade® A+ Awards for Outstanding Investment Performance

January 31, 2024 | realmoney.thestreet.com

IGM Financial price target raised by C$4 at Scotiabank

December 18, 2023 | marketwatch.com

IGM Financial Gets OK for Share Buyback Program

December 15, 2023 | finance.yahoo.com

IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625

December 15, 2023 | realmoney.thestreet.com

IGM Biosciences just downgraded at BofA, here's why

December 8, 2023 | markets.businessinsider.com

IGM Biosciences: Strategic Refocus and Revised Valuation Prompt Neutral Rating

December 5, 2023 | finance.yahoo.com

Wealthsimple Aims to Quadruple Assets to $74 Billion in Five Years

December 5, 2023 | finance.yahoo.com

IGM FINANCIAL INC. ANNOUNCES NOVEMBER 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

November 30, 2023 | finance.yahoo.com

Canada Life and IGM Financial close Investment Planning Counsel acquisition

November 27, 2023 | finance.yahoo.com

Mackenzie Investments 2024 Market Outlook: Investment Themes Propel Opportunities in the Year Ahead

See More Headlines

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Company Calendar

Ex-Dividend for 1/31 Dividend: 12/28/2023
Dividend Payable: 1/31/2024
Ex-Dividend for 4/30 Dividend: 3/27/2024
Today: 4/18/2024
Dividend Payable: 4/30/2024
Next Earnings (Estimated): 5/03/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Financial Services
Industry: Asset Management
Sub-Industry: N/A
Current Symbol: OTCMKTS:IGIFF
Previous Symbol: NASDAQ:IGIFF
CUSIP: N/A
CIK: N/A
Web: www.igmfinancial.com
Phone: (204) 956-8328
Fax: N/A
Employees: 3,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $46.50
High Stock Price Target: $51.00
Low Stock Price Target: $40.00
Potential Upside/Downside: +91.6%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 7.66
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. James O'Sullivan (Age 60)
President, CEO & Director
Comp: $2.87M
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

Key Competitors

View All Competitors

IGIFF Stock Analysis - Frequently Asked Questions

What is IGM Financial's stock price target for 2024?: 0 analysts have issued 1 year price targets for IGM Financial's stock. Their IGIFF share price targets range from $40.00 to $51.00. On average, they expect the company's stock price to reach $46.50 in the next year. This suggests a possible upside of 91.6% from the stock's current price.
View analysts price targets for IGIFF or view top-rated stocks among Wall Street analysts.
How have IGIFF shares performed in 2024?: IGM Financial's stock was trading at $26.42 at the beginning of 2024. Since then, IGIFF stock has decreased by 8.1% and is now trading at $24.27.
View the best growth stocks for 2024 here.
Are investors shorting IGM Financial?: IGM Financial saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 595,600 shares, a decline of 21.7% from the March 15th total of 760,200 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 145.3 days.
View IGM Financial's Short Interest.
When is IGM Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our IGIFF earnings forecast.

How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial?: IGM Financial declared a dividend on Thursday, March 21st. Investors of record on Thursday, March 28th will be given a dividend of $0.4167 per share on Tuesday, April 30th. This represents a dividend yield of 6.51%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous dividend of $0.41.
Read our dividend analysis for IGIFF.
Is IGM Financial a good dividend stock?: IGM Financial (OTCMKTS:IGIFF) pays an annual dividend of $2.15 per share and currently has a dividend yield of 5.62%. IGIFF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.85%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IGIFF.
How do I buy shares of IGM Financial?: Shares of IGIFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:IGIFF) was last updated on 4/18/2024 by MarketBeat.com Staff

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