IGM Financial (IGM) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: C$41.97 to C$42.39
• 50-Day Range: C$36.14 to C$42.26
• 52-Week Range: C$30.34 to C$42.39
• Volume: 488,380 shs
• Average Volume: 240,687 shs
• Market Capitalization: C$10.00 billion
• P/E Ratio: 11.90
• Dividend Yield: 5.32%
• Price Target: C$43.71
• Consensus Rating: Moderate Buy

IGM Financial Stock Analysis - MarketRank™

IGM Financial scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

IGM Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 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.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of IGM Financial is 11.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of IGM Financial is 11.90, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 399.79.

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 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for IGM.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

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%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for IGM.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.35

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 0.70 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for IGM Financial this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for IGM on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

IGM Stock Analysis - Frequently Asked Questions

How have IGM shares performed this year?

IGM Financial's stock was trading at C$35.01 on January 1st, 2024. Since then, IGM shares have increased by 20.7% and is now trading at C$42.26.
View the best growth stocks for 2024 here.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) posted its quarterly earnings data on Wednesday, August, 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by $0.02. The financial services provider had revenue of $816.31 million for the quarter, compared to the consensus estimate of $826 million. IGM Financial had a net margin of 29.47% and a trailing twelve-month return on equity of 12.80%.

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.

What other stocks do shareholders of IGM Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that IGM Financial investors own include First Trust RiverFront Dynamic Developed International ETF (RFDI), Consumer Staples Select Sector SPDR Fund (XLP), TELUS (T), RiverFront Dynamic US Flex-Cap ETF (RFFC), Royal Bank of Canada (RY), Enbridge (ENB) and Toronto-Dominion Bank (TD).

Company Calendar

• Ex-Dividend for 7/31 Dividend: 6/28/2024
• Dividend Payable: 7/31/2024
• Last Earnings: 8/07/2024
• Ex-Dividend for 10/31 Dividend: 9/27/2024
• Today: 10/17/2024
• Dividend Payable: 10/31/2024
• Next Earnings (Confirmed): 11/07/2024

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$43.71
• High Stock Price Target: C$47.00
• Low Stock Price Target: C$39.00
• Potential Upside/Downside: +3.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$3.55
• Trailing P/E Ratio: 11.90
• Forward P/E Ratio: 10.55
• P/E Growth: 4.09
• Net Income: C$850.71 million
• Net Margins: 29.47%
• Pretax Margin: N/A
• Return on Equity: 12.80%
• Return on Assets: 4.51%

Debt

• Debt-to-Equity Ratio: 35.99
• Current Ratio: 2.12
• Quick Ratio: 0.31

Sales & Book Value

• Annual Sales: C$3.63 billion
• Price / Sales: 2.76
• Cash Flow: C$4.83 per share
• Price / Cash Flow: 8.75
• Book Value: C$29.84 per share
• Price / Book: 1.42

Miscellaneous

• Outstanding Shares: 236,650,000
• Free Float: N/A
• Market Cap: C$10.00 billion
• Optionable: Not Optionable
• Beta: 1.53