Shares of IGM Financial Inc. (TSE:IGM - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$42.22 and traded as high as C$46.05. IGM Financial shares last traded at C$45.90, with a volume of 502,348 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on IGM. Scotiabank lifted their target price on IGM Financial from C$53.00 to C$56.00 in a report on Friday, November 8th. National Bankshares upped their target price on shares of IGM Financial from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on shares of IGM Financial from C$43.00 to C$47.00 in a research note on Monday, November 11th. Jefferies Financial Group increased their target price on shares of IGM Financial from C$39.00 to C$45.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, TD Securities upped their price target on shares of IGM Financial from C$46.00 to C$50.00 in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$49.29.
View Our Latest Stock Report on IGM Financial
IGM Financial Price Performance
The company has a fifty day moving average of C$46.22 and a 200-day moving average of C$42.28. The firm has a market cap of C$10.93 billion, a P/E ratio of 13.01, a P/E/G ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 35.99, a current ratio of 2.12 and a quick ratio of 0.31.
IGM Financial (TSE:IGM - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$1.01 EPS for the quarter, missing the consensus estimate of C$1.03 by C($0.02). IGM Financial had a net margin of 29.47% and a return on equity of 12.80%. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, sell-side analysts anticipate that IGM Financial Inc. will post 4.006816 EPS for the current fiscal year.
IGM Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.563 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.25 annualized dividend and a yield of 4.87%. IGM Financial's dividend payout ratio (DPR) is presently 63.38%.
IGM Financial Company Profile
(
Get Free Report)
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.
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