IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $38.68 and traded as high as $41.6525. IGM Financial shares last traded at $41.65, with a volume of 28,481 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on IGIFF. TD Securities restated a “buy” rating on shares of IGM Financial in a report on Friday, August 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of IGM Financial in a research note on Monday, November 10th. BMO Capital Markets reaffirmed a “market perform” rating on shares of IGM Financial in a report on Monday, November 10th. National Bankshares reissued an “outperform” rating on shares of IGM Financial in a report on Monday, October 27th. Finally, Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Report on IGM Financial
IGM Financial Trading Up 2.2%
IGM Financial Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 29th were paid a dividend of $0.4087 per share. This represents a yield of 441.0%. This is a positive change from IGM Financial’s previous dividend of $0.40. The ex-dividend date was Friday, September 26th. IGM Financial’s dividend payout ratio (DPR) is currently 67.85%.
About IGM Financial
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.
Further Reading
- Five stocks we like better than IGM Financial
- Best Energy Stocks – Energy Stocks to Buy Now
- The Trade Desk: After a 70% Plunge, This Could Be The Time to Buy
- Where Do I Find 52-Week Highs and Lows?
- Tap Into 2026 AI Infrastructure Gains With This High-Growth ETF
- What is a SEC Filing?
- Strong Quarter, Weak Reaction: Why GitLab Shares Dropped
Receive News & Ratings for IGM Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IGM Financial and related companies with MarketBeat.com's FREE daily email newsletter.
