Should I buy or sell IGM Financial stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 brokerages have issued twelve-month price objectives 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 twelve months. This suggests a possible upside of 26.7% 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 start of the year. Since then, IGM stock has decreased by 4.9% and is now trading at C$33.29. 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 earnings per share 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 net margin of 31.03% and a trailing twelve-month return on equity of 14.46%.

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 paid a dividend of 0.563 per share on Tuesday, April 30th. This represents a $2.25 annualized dividend and a dividend yield of 6.76%. 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 6.44%. 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 .

What other stocks do shareholders of IGM Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other 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) , iShares Core S&P Small-Cap ETF (IJR) , PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) .

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 .

TSE:IGM

IGM Financial (IGM) Stock Price, News & Analysis

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Free IGM Stock Alerts

C$33.29

-0.52 (-1.54%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$33.19
▼
C$34.10
50-Day Range: C$33.29
▼
C$36.46
52-Week Range: C$30.34
▼
C$42.02

Volume: 218,951 shs
Average Volume: 253,191 shs
Market Capitalization: C$7.93 billion

P/E Ratio: 8.58
Dividend Yield: 6.76%
Price Target: C$42.17

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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IGM Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 26.7% Upside
C$42.17 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.54
Based on 5 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.

2.81 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
IGM 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 Coverage
IGM Financial has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for IGM.

2.5

Dividend Strength

Dividend Leadership
IGM Financial is a leading dividend payer. It pays a dividend yield of 6.44%, 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 57.99%. 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 IGM.

2.0

News and Social Media Coverage

News Sentiment
IGM Financial has a news sentiment score of 0.54. 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 0.80 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for IGM Financial this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for IGM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

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 Insiders
59.04% 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 Institutions
Only 8.40% of the stock of IGM Financial is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of IGM Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of IGM Financial is 8.58, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 456.11.
Price to Earnings Growth Ratio
IGM Financial has a PEG Ratio of 4.24. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
IGM Financial has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

IGM Stock News Headlines

April 15, 2024 | finance.yahoo.com

Life Design Analysis Announces Partnership with IG Wealth Management to Enhance Advisor and Client Insurance Experience

April 15, 2024 | finance.yahoo.com

Investing in London's Health & Homelessness Fund for Change

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 11, 2024 | finance.yahoo.com

CapIntel Renews Partnership with IG Wealth Management

April 10, 2024 | seekingalpha.com

IGM:CA IGM Financial Inc.

April 10, 2024 | americanbankingnews.com

IGM Financial (TSE:IGM) Stock Crosses Above 200-Day Moving Average of $34.55

April 3, 2024 | finance.yahoo.com

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

March 27, 2024 | finance.yahoo.com

Mackenzie Investments Announces Notional Distribution for an Exchange Traded Fund

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 21, 2024 | finance.yahoo.com

IG Wealth Management Study: Canadians Believe in Year-Round Tax Planning, But Few Take Action

March 18, 2024 | nz.finance.yahoo.com

Paramount Names Australia/New Zealand Chief; Rob & Romesh Return For BAFTA TV Awards; Denmark’s Mint Sets Up In UK — Global Briefs

March 16, 2024 | seekingalpha.com

Equity Investors Plow Through Hot Inflation

March 14, 2024 | fxstreet.com

Today it’s about the PPI – Gold and Bitcoin steady

March 11, 2024 | fxstreet.com

NFP reveals contradiction, NVDA has a 10% swing, and the Fed is in lockdown

March 5, 2024 | finance.yahoo.com

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

March 4, 2024 | theglobeandmail.com

Diversity helps IGM and its people thrive

February 29, 2024 | markets.businessinsider.com

TD Securities Keeps Their Buy Rating on Element Fleet Management (ELEEF)

February 29, 2024 | finance.yahoo.com

Mackenzie Investments Announces Additional Final Year-End Reinvested Distributions for its Exchange Traded Funds

February 28, 2024 | markets.businessinsider.com

Scotiabank Keeps Their Hold Rating on Element Fleet Management (ELEEF)

February 26, 2024 | finance.yahoo.com

Mackenzie Investments Announces February 2024 Distributions for its Exchange Traded Funds

February 23, 2024 | theglobeandmail.com

The highest-yielding stocks on the TSX, plus risk data

February 20, 2024 | finance.yahoo.com

New Mackenzie Investments Solutions Offer Investors Access to Portfolio Diversification and Shariah-Compliant Investing

February 19, 2024 | finance.yahoo.com

Uncovering 3 Canadian Dividend Stocks With Yields Reaching 7.1%

February 16, 2024 | msn.com

TSX in Green by Noon

February 15, 2024 | ca.finance.yahoo.com

Stocks Continue to Improve

February 15, 2024 | msn.com

Big Gains for TSX at Open

February 15, 2024 | finance.yahoo.com

Annual IG Wealth Management Retirement Study: While Most Canadians 35+ May Be Saving for Retirement, Many Lack a Plan

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: 4/16/2024
Dividend Payable: 4/30/2024
Next Earnings (Confirmed): 5/02/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Asset Management
Sub-Industry: N/A
Current Symbol: TSE:IGM
CUSIP: N/A
CIK: N/A
Web: www.igmfinancial.com
Phone: +1-204-9430361
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: +26.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.88
Trailing P/E Ratio: 8.58
Forward P/E Ratio: 8.97
P/E Growth: 4.24
Net Income: C$925.76 million
Net Margins: 31.03%
Pretax Margin: N/A
Return on Equity: 14.46%
Return on Assets: 4.71%

Debt

Debt-to-Equity Ratio: 38.26
Current Ratio: 1.94
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: C$3.70 billion
Price / Sales: 2.14
Cash Flow: C$3.80 per share
Price / Cash Flow: 8.75
Book Value: C$27.97 per share
Price / Book: 1.19

Miscellaneous

Outstanding Shares: 238,140,000
Free Float: N/A
Market Cap: C$7.93 billion
Optionable: Not Optionable
Beta: 1.58

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Key Executives

Mr. James O'Sullivan (Age 60)
President, CEO & Director
Comp: $3.9M
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

IGM Stock Analysis - Frequently Asked Questions

Should I buy or sell IGM Financial stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 brokerages have issued twelve-month price objectives 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 twelve months. This suggests a possible upside of 26.7% 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 start of the year. Since then, IGM stock has decreased by 4.9% and is now trading at C$33.29.
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 earnings per share 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 net margin of 31.03% and a trailing twelve-month return on equity of 14.46%.

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 paid a dividend of 0.563 per share on Tuesday, April 30th. This represents a $2.25 annualized dividend and a dividend yield of 6.76%. 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 6.44%. 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.
What other stocks do shareholders of IGM Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other 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), iShares Core S&P Small-Cap ETF (IJR), PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS).
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 4/16/2024 by MarketBeat.com Staff

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IGM Financial (IGM) Stock Price, News & Analysis

IGM Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About IGM Financial Stock (TSE:IGM)

IGM Stock Price History

IGM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

IGM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™