TSE:IGM IGM Financial (IGM) Stock Price, News & Analysis → Biden to Launch “FedNOW” [Move Your Money Now] (From Priority Gold) (Ad) Free IGM Stock Alerts C$34.96 +0.13 (+0.37%) (As of 10:50 AM ET) Add Compare Share Share Today's RangeC$34.80▼C$35.1150-Day RangeC$33.29▼C$36.0452-Week RangeC$30.34▼C$42.02Volume28,817 shsAverage Volume243,476 shsMarket CapitalizationC$8.33 billionP/E Ratio9.01Dividend Yield6.44%Price TargetC$42.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get IGM Financial alerts: Email Address IGM Financial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside22.0% UpsideC$42.50 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.57Based on 17 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.02 out of 5 stars 2.3 Analyst's Opinion Consensus RatingIGM 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 CoverageIGM Financial has only been the subject of 4 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for IGM. Previous Next 2.5 Dividend Strength Dividend LeadershipIGM Financial is a leading dividend payer. It pays a dividend yield of 6.44%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIGM Financial does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of IGM Financial is 57.99%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IGM. Previous Next 2.5 News and Social Media Coverage News SentimentIGM Financial has a news sentiment score of 0.57. 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 higher news sentiment than the 0.34 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 17 news articles for IGM Financial this week, compared to 2 articles on an average week.Search InterestOnly 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 FollowsOnly 1 people have added IGM Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IGM Financial insiders have not sold or bought any company stock.Percentage Held by Insiders59.04% 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 InstitutionsOnly 8.40% of the stock of IGM Financial is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of IGM Financial is 8.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.86.Price to Earnings Ratio vs. SectorThe P/E ratio of IGM Financial is 8.98, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 457.50.Price to Earnings Growth RatioIGM Financial has a PEG Ratio of 4.24. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioIGM Financial has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsClaim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.Secure Your Spot Now About IGM Financial Stock (TSE:IGM)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.Read More IGM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IGM Stock News HeadlinesMay 2, 2024 | finance.yahoo.comMorning News Call - Canada, May 2May 2, 2024 | americanbankingnews.comIGM Financial Inc. (TSE:IGM) to Post Q1 2024 Earnings of $0.91 Per Share, National Bank Financial ForecastsMay 2, 2024 | Stansberry Research (Ad)Urgent dollar warningYour 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.May 1, 2024 | americanbankingnews.comIGM Financial (TSE:IGM) Price Target Increased to C$45.00 by Analysts at ScotiabankApril 30, 2024 | msn.comStruggling beverage chain gets a new key investorApril 30, 2024 | msn.comA popular restaurant is stepping into the world of gamblingApril 27, 2024 | americanbankingnews.comTD Securities Increases IGM Financial (TSE:IGM) Price Target to C$42.00April 26, 2024 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Manulife Financial (MFC) and Fairfax Financial Holdings (OtherFRFHF)May 2, 2024 | Stansberry Research (Ad)Urgent dollar warningYour 2024 Election Money Blueprint Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one – besides the ultra-rich – seems to feel that way. Protect yourself with this one simple move today.April 26, 2024 | seekingalpha.comThe Outlook For The U.S. Economy Is BullishApril 25, 2024 | finance.yahoo.com3 Leading Canadian Dividend Stocks Yielding Up To 6.7%April 25, 2024 | finance.yahoo.comMackenzie Investments Announces April 2024 Distributions for its Exchange Traded FundsApril 25, 2024 | finance.yahoo.comNew Mackenzie Investments Fund Provides Global Emerging Market Diversification OpportunitiesApril 25, 2024 | americanbankingnews.comIGM Financial (IGM) Set to Announce Quarterly Earnings on ThursdayApril 24, 2024 | finance.yahoo.comMackenzie Investments Announces Final Termination Proceeds Relating to the Termination of an Exchange Traded FundApril 16, 2024 | finance.yahoo.comIGM Financial Recognized as Top Employer by Mediacorp Across Multiple CategoriesApril 15, 2024 | finance.yahoo.comLife Design Analysis Announces Partnership with IG Wealth Management to Enhance Advisor and Client Insurance ExperienceApril 15, 2024 | finance.yahoo.comInvesting in London's Health & Homelessness Fund for ChangeApril 11, 2024 | finance.yahoo.comCapIntel Renews Partnership with IG Wealth ManagementApril 10, 2024 | seekingalpha.comIGM:CA IGM Financial Inc.April 3, 2024 | finance.yahoo.comIGM FINANCIAL INC. ANNOUNCES MARCH 2024 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWSMarch 27, 2024 | finance.yahoo.comMackenzie Investments Announces Notional Distribution for an Exchange Traded FundMarch 21, 2024 | finance.yahoo.comIG Wealth Management Study: Canadians Believe in Year-Round Tax Planning, But Few Take ActionMarch 18, 2024 | nz.finance.yahoo.comParamount Names Australia/New Zealand Chief; Rob & Romesh Return For BAFTA TV Awards; Denmark’s Mint Sets Up In UK — Global BriefsMarch 16, 2024 | seekingalpha.comEquity Investors Plow Through Hot InflationMarch 14, 2024 | fxstreet.comToday it’s about the PPI – Gold and Bitcoin steadyMarch 11, 2024 | fxstreet.comNFP reveals contradiction, NVDA has a 10% swing, and the Fed is in lockdownSee More Headlines 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. Email Address Company Calendar Last Earnings2/15/2024Ex-Dividend for 4/30 Dividend3/27/2024Dividend Payable4/30/2024Today5/02/2024Next Earnings (Confirmed)5/02/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorFinancial Services Industry Asset Management Sub-IndustryN/A Current SymbolTSE:IGM CUSIPN/A CIKN/A Webwww.igmfinancial.com Phone+1-204-9430361FaxN/AEmployees3,300Year FoundedN/APrice Target and Rating Average Stock Price TargetC$42.50 High Stock Price TargetC$46.00 Low Stock Price TargetC$36.00 Potential Upside/Downside+22.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.88 Trailing P/E Ratio8.98 Forward P/E Ratio9.39 P/E Growth4.24Net IncomeC$925.76 million Net Margins31.03% Pretax MarginN/A Return on Equity14.46% Return on Assets4.71% Debt Debt-to-Equity Ratio38.26 Current Ratio1.94 Quick Ratio0.31 Sales & Book Value Annual SalesC$3.70 billion Price / Sales2.24 Cash FlowC$3.98 per share Price / Cash Flow8.75 Book ValueC$27.97 per share Price / Book1.25Miscellaneous Outstanding Shares238,140,000Free FloatN/AMarket CapC$8.29 billion OptionableNot Optionable Beta1.58 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. James O'Sullivan (Age 60)President, CEO & Director Comp: $3.9MMr. Keith David Bernard PotterExecutive VP & CFOMr. Michael DibdenCOO & Executive VPMr. Damon MurchisonPresident & CEO of IG Wealth ManagementMr. Luke GouldPresident & CEO of Mackenzie InvestmentsMs. Rhonda Suzanne GoldbergExecutive VP & General CounselMr. Douglas Gordon McIntosh MilneExecutive VP & Chief Marketing OfficerMs. Cynthia CurrieExecutive VP & Chief Human Resources OfficerMs. Kristin Elizabeth AshcroftExecutive Vice-President of Products & Solutions for Mackenzie InvestmentsHerpreet LambaSenior Vice President Financial ServicesMore ExecutivesKey CompetitorsOnexTSE:ONEXCI FinancialTSE:CIXBrookfield Asset ManagementTSE:BAMiA FinancialTSE:IAGTMX GroupTSE:XView All Competitors IGM Stock Analysis - Frequently Asked Questions Should I buy or sell IGM Financial stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IGM Financial in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IGM shares. View IGM analyst ratings or view top-rated stocks. What is IGM Financial's stock price target for 2024? 6 brokers have issued 12 month price targets for IGM Financial's shares. Their IGM share price targets range from C$36.00 to C$46.00. On average, they expect the company's stock price to reach C$42.50 in the next year. This suggests a possible upside of 22.0% from the stock's current price. View analysts price targets for IGM or view top-rated stocks among Wall Street analysts. How have IGM shares performed in 2024? IGM Financial's stock was trading at C$35.01 on January 1st, 2024. Since then, IGM stock has decreased by 0.5% and is now trading at C$34.83. View the best growth stocks for 2024 here. When is IGM Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our IGM earnings forecast. How were IGM Financial's earnings last quarter? IGM Financial Inc. (TSE:IGM) released its earnings results on Thursday, February, 15th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $0.05. The financial services provider had revenue of $768.80 million for the quarter, compared to the consensus estimate of $773 million. IGM Financial had a net margin of 31.03% and a trailing twelve-month return on equity of 14.46%. How often does IGM Financial pay dividends? What is the dividend yield for IGM Financial? IGM Financial declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.563 per share on Tuesday, April 30th. This represents a $2.25 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for IGM. Is IGM Financial a good dividend stock? IGM Financial (TSE:IGM) pays an annual dividend of C$2.25 per share and currently has a dividend yield of 6.44%. IGM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.99%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IGM. What other stocks do shareholders of IGM Financial own? Based on aggregate information from My MarketBeat watchlists, some companies that other IGM Financial investors own include Consumer Staples Select Sector SPDR Fund (XLP), RiverFront Dynamic US Flex-Cap ETF (RFFC), RiverFront Dynamic US Dividend Advantage ETF (RFDA), First Trust RiverFront Dynamic Developed International ETF (RFDI), ALPS ETF Trust - Riverfront Dynamic Unconstrained Income ETF (RFUN), Financial Select Sector SPDR Fund (XLF), iShares Core S&P Small-Cap ETF (IJR), PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS). 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. This page (TSE:IGM) was last updated on 5/2/2024 by MarketBeat.com Staff From Our PartnersA.I. is a Tidal Wave - Here’s What to BuyChaikin AnalyticsHave You Seen Elon’s New A.I. Device? 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