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IGM Financial ( (TSE:IGM) ) has shared an announcement.
IGM Financial Inc. has received regulatory approval to renew its Normal Course Issuer Bid (NCIB) and Automatic Securities Purchase Plan (ASPP), allowing the company to repurchase and cancel up to 11,784,802 common shares, which represents approximately 5.0% of its outstanding shares. This move is part of the company’s capital management strategy to mitigate the dilutive effects of stock options and enhance shareholder value, aligning with its broader operational goals in wealth and asset management.
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 financial performance and positive earnings call are the most significant factors driving the score. The company’s robust profitability, strategic growth initiatives, and fair valuation contribute positively. However, technical indicators suggest caution due to overbought conditions, and the decline in free cash flow growth needs attention.
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 $311 billion in total assets under management and advisement as of November 2025. The company offers financial planning and investment management services to help over two million Canadians achieve their financial goals. Through subsidiaries like IG Wealth Management and Mackenzie Investments, alongside strategic partnerships with firms such as Rockefeller Capital Management, Wealthsimple, ChinaAMC, and Northleaf Capital, IGM enhances its capabilities, diversification, and market reach.
Average Trading Volume: 334,109
Technical Sentiment Signal: Buy
Current Market Cap: C$14.71B
For detailed information about IGM stock, go to TipRanks’ Stock Analysis page.