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IGM Financial (TSE:IGM)
TSX:IGM
IGM Financial (IGM) Stock Price & Analysis
123 Followers
IGM Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$29.38 - C$40.05
Previous CloseC$37.1
Volume40.45K
Average Volume (3M)287.85K
Market Cap
C$8.84B
Enterprise ValueC$10.96B
Total Cash (Recent Filing)C$500.13M
Total Debt (Recent Filing)C$2.57B
Price to Earnings (P/E)8.9
Beta1.05
Next Earnings
Aug 01, 2024EPS Estimate
C$0.95Next Dividend Ex-Date
Jun 28, 2024Dividend Yield6.15%
Share Statistics
EPS (TTM)4.16
Shares Outstanding238,136,813
10 Day Avg. Volume242,720
30 Day Avg. Volume287,854
Standard Deviation0.08
R-Squared0.75
Alpha-0.00123
Financial Highlights & Ratios
Price to Book (P/B)2.97
Price to Sales (P/S)2.80
Price to Cash Flow (P/CF)16.90
P/FCF Ratio14.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$43.23Price Target Upside16.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
IGM Financial News
PremiumCompany Announcements
IGM Financial Directors Overwhelmingly Elected
PremiumCompany Announcements
IGM Financial Reports Growth Amidst Challenges
Bulls Say, Bears Say
Bulls Say
EarningsEarnings from strategic investments exceeded expectations, with Northleaf showing a strong performance.
EarningsStrategic investment earnings outpaced estimates, which may help balance out other financial challenges.
Stock ValuationThe analyst maintains a target price of $38 for the stock, buoyed by a significant increase in Wealthsimple's valuation alongside other strategic investments.
Bears Say
EarningsQ4/23 missed with an adjusted EPS of $0.84, below estimates, due to a $0.03 EPS on FV adjustment in IGM’s mortgage banking operations.
Financial PerformanceAnalyst adjusts EPS estimates down by approximately 1% to reflect higher opex guidance.
Investor SentimentContinued trend in net outflows, with IG Wealth and Mackenzie recording net outflows in January.
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Options Prices
Currently, No data available
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Ownership Overview
0.47% Insiders
1.16% Mutual Funds
3.44% Other Institutional Investors
94.93% Public Companies and
Individual Investors
IGM FAQ
What was IGM Financial’s price range in the past 12 months?
IGM Financial lowest stock price was C$29.38 and its highest was C$40.05 in the past 12 months.
What is IGM Financial’s market cap?
Currently, no data Available
When is IGM Financial’s upcoming earnings report date?
IGM Financial’s upcoming earnings report date is Aug 01, 2024 which is in 78 days.
How were IGM Financial’s earnings last quarter?
IGM Financial released its earnings results on May 02, 2024. The company reported C$0.94 earnings per share for the quarter, beating the consensus estimate of C$0.889 by C$0.051.
Is IGM Financial overvalued?
According to Wall Street analysts IGM Financial’s price is currently Undervalued.
Does IGM Financial pay dividends?
IGM Financial pays a Quarterly dividend of C$0.56 which represents an annual dividend yield of 6.15%. See more information on IGM Financial dividends here
What is IGM Financial’s EPS estimate?
IGM Financial’s EPS estimate is C$0.95.
How many shares outstanding does IGM Financial have?
IGM Financial has 238,136,810 shares outstanding.
What happened to IGM Financial’s price movement after its last earnings report?
IGM Financial reported an EPS of C$0.94 in its last earnings report, beating expectations of C$0.889. Following the earnings report the stock price went up 6.241%.
Which hedge fund is a major shareholder of IGM Financial?
Currently, no hedge funds are holding shares in TSE:IGM
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IGM Financial Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
C$43.23 (16.49% Upside)
C$43.23 (16.49% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.08%
12-Months-Change
Fundamentals
Return on Equity
11.71%
Trailing 12-Months
Asset Growth
-2.97%
Trailing 12-Months
Company Description
IGM Financial
IGM Financial, Inc. operates as a financial services company, which engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Investors Group, Mackenzie Investments, and Corporate & Other. The Investors Group segment provides financial advisory services for investments, retirement, mortgage, estate planning, tax planning, and insurance. The Mackenzi Investments segment offers funds products, private wealth solutions, managed assets, group plans, tax and estate planning, payout service, and dollar cost averaging. The Corporate and Other segment includes net investment income that are not allocated to other segments, proportionate share of earnings of Great-West Lifeco Inc., operating results for Investment Planning Counsel Inc., and consolidation elimination entries. The company was founded on August 3, 1978 and is headquartered in Winnipeg, Canada.
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IGM Company Deck
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IGM Earnings Call
Q1 2024
0:00 / 0:00
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IGM Stock 12 Month Forecast
Average Price Target
C$43.23
▲(16.49% Upside)
Technical Analysis
IGM Financial
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International General Insurance Holdings
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BlackRock
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InFinT Acquisition Corp. Class A
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Affiliated Managers
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Best Analysts Covering IGM
1 Year
1 Year Success Rate
11/21 ratings generated profit
1 Year Average Return
+2.37%
reiterated a buy rating 10 days ago
Copying Graham Ryding's trades and holding each position for 1 Year would result in 52.38% of your transactions generating a profit, with an average return of +2.37% per trade.
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