Free Trial
TSE:IGM

IGM Financial (IGM) Stock Price, News & Analysis

IGM Financial logo
C$47.05 -0.14 (-0.30%)
(As of 11/22/2024 ET)

About IGM Financial Stock (TSE:IGM)

Key Stats

Today's Range
C$46.87
C$47.54
50-Day Range
C$38.65
C$47.19
52-Week Range
C$32.95
C$47.58
Volume
349,900 shs
Average Volume
247,739 shs
Market Capitalization
C$11.13 billion
P/E Ratio
13.25
Dividend Yield
4.78%
Price Target
C$49.29
Consensus Rating
Moderate Buy

Company Overview

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 Financial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
25th Percentile Overall Score

IGM MarketRank™: 

IGM Financial scored higher than 25% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 2 research reports in the past 90 days.

  • Read more about IGM Financial's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of IGM Financial is 13.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.67.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of IGM Financial is 13.25, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 404.29.

  • Price to Earnings Growth Ratio

    IGM Financial has a PEG Ratio of 4.09. 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 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about IGM Financial's valuation and earnings.
  • Short Interest

    There is no current short interest data available for IGM.
  • Dividend Leadership

    IGM Financial is a leading dividend payer. It pays a dividend yield of 5.44%, 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 63.38%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about IGM Financial's dividend.
  • Short Interest

    There is no current short interest data available for IGM.
  • News Sentiment

    IGM Financial has a news sentiment score of 0.35. 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 0.64 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 3 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.
  • MarketBeat Follows

    2 people have added IGM Financial to their MarketBeat watchlist in the last 30 days.
  • 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

    66.58% 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 8.03% of the stock of IGM Financial is held by institutions.

  • Read more about IGM Financial's insider trading history.
Receive IGM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for IGM Financial and its competitors with MarketBeat's FREE daily newsletter.

IGM Stock News Headlines

IGM’s culture champions putting people first
Shocking footage from Bill Gates’ $100,000,000,000 AI Bet
If you missed out on Nvidia, watch this video I just made.
IGM Financial (TSE:IGM) Price Target Raised to C$47.00
IGM Financial Reports Strong Q3 Earnings Growth
See More Headlines

IGM Stock Analysis - Frequently Asked Questions

IGM Financial's stock was trading at C$35.01 at the beginning of the year. Since then, IGM shares have increased by 34.4% and is now trading at C$47.05.
View the best growth stocks for 2024 here
.

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.

Company Calendar

Ex-Dividend for 10/31 Dividend
9/27/2024
Dividend Payable
10/31/2024
Today
11/23/2024
Next Earnings (Estimated)
2/20/2025

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$49.29
High Stock Price Target
C$56.00
Low Stock Price Target
C$45.00
Potential Upside/Downside
+4.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
C$850.71 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.63 billion
Cash Flow
C$5.38 per share
Book Value
C$29.84 per share

Miscellaneous

Free Float
N/A
Market Cap
C$11.13 billion
Optionable
Not Optionable
Beta
1.53
These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

This page (TSE:IGM) was last updated on 11/23/2024 by MarketBeat.com Staff
From Our Partners