IGM Financial Expands Share Repurchase Program

IGM Financial ( (TSE:IGM) ) has shared an update.

IGM Financial Inc. has announced an amendment to its normal course issuer bid, increasing the maximum number of common shares that may be repurchased from 5,000,000 to 6,000,000. This adjustment aims to mitigate the dilutive effect of stock options and enhance capital management. The amendment reflects IGM’s strategic focus on optimizing shareholder value and maintaining a robust capital structure.

The most recent analyst rating on (TSE:IGM) stock is a Hold with a C$61.00 price target. To see the full list of analyst forecasts on IGM Financial stock, see the TSE:IGM Stock Forecast page.

Spark’s Take on TSE:IGM Stock

According to Spark, TipRanks’ AI Analyst, TSE:IGM is a Outperform.

IGM Financial’s strong earnings call performance and attractive valuation are the most significant factors contributing to its score. The company’s robust financial performance and positive technical indicators further support its stable position in the asset management industry.

To see Spark’s full report on TSE:IGM stock, click here.

More about IGM Financial

IGM Financial Inc. is a leading Canadian diversified wealth and asset management organization with approximately $307 billion in total assets under management and advisement as of October 31, 2025. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are primarily conducted through IG Wealth Management and Mackenzie Investments, supported by strategic positions in Rockefeller Capital Management, Wealthsimple, ChinaAMC, and Northleaf Capital.

Average Trading Volume: 300,097

Technical Sentiment Signal: Buy

Current Market Cap: C$12.71B

See more insights into IGM stock on TipRanks’ Stock Analysis page.