IGM Financial (IGM) Stock Price, News & Analysis

Company Overview

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services. IGM Financial had CAD 225.6 billion in assets under management, or AUM, and CAD 30.1 billion in assets under advisement at the end of May 2022.

Key Stats

• Today's Range: C$42.61 to C$43.40
• 50-Day Range: C$39.95 to C$46.04
• 52-Week Range: C$33.76 to C$47.96
• Volume: 248,502 shs
• Average Volume: 346,679 shs
• Market Capitalization: C$10.24 billion
• P/E Ratio: 11.00
• Dividend Yield: 5.24%
• Price Target: C$48.71
• Consensus Rating: Moderate Buy

IGM Financial Stock Analysis - MarketRank™

IGM Financial scored higher than 43% 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: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

IGM Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 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 11.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.67.

Price to Earnings Ratio vs. Sector

The P/E ratio of IGM Financial is 11.00, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 12.95.

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 1.30. 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 5.01%, 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 57.64%. 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: 1.4 / 5
• News Sentiment: -0.46

News Sentiment

IGM Financial has a news sentiment score of -0.46. 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 0.94 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for IGM Financial this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for IGM on MarketBeat in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, IGM Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$17,744.00 in 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$45.91 on January 1st, 2025. Since then, IGM shares have decreased by 6.5% and is now trading at C$42.93.
View the best growth stocks for 2025 here.

How were IGM Financial's earnings last quarter?

IGM Financial Inc. (TSE:IGM) announced its earnings results on Thursday, November, 7th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by $0.02. IGM Financial had a trailing twelve-month return on equity of 12.76% and a net margin of 27.93%.
Read the conference call transcript.

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.

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

• Last Earnings: 11/07/2024
• Record date for 1/31 Dividend: 12/31/2024
• Ex-Dividend for 1/31 Dividend: 12/31/2024
• Dividend Payable: 1/31/2025
• Today: 4/25/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Asset Management
• Sub-Industry: N/A
• Current Symbol: TSE:IGM
• 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$48.71
• High Stock Price Target: C$56.00
• Low Stock Price Target: C$42.00
• Potential Upside/Downside: +13.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$3.90
• Trailing P/E Ratio: 11.00
• Forward P/E Ratio: 10.71
• P/E Growth: 4.09
• Net Income: C$934.91 million
• Net Margins: 27.93%
• Pretax Margin: N/A
• Return on Equity: 12.76%
• Return on Assets: 4.51%

Debt

• Debt-to-Equity Ratio: 97.24
• Current Ratio: 3.61
• Quick Ratio: 0.31

Sales & Book Value

• Annual Sales: C$3.35 billion
• Price / Sales: 3.06
• Cash Flow: C$4.90 per share
• Price / Cash Flow: 8.75
• Book Value: C$33.06 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 238,451,143
• Free Float: N/A
• Market Cap: C$10.24 billion
• Optionable: Not Optionable
• Beta: 1.53