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IGM Financial (TSE:IGM)
TSX:IGM
Holding TSE:IGM?
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IGM Stock Chart & Stats
Day’s Range― - ―
52-Week RangeC$32.95 - C$47.96
Previous CloseN/A
Volume73.97K
Average Volume (3M)309.83K
Market Cap
$10.95B
Enterprise ValueC$16.44B
Total Cash (Recent Filing)$611.03M
Total Debt (Recent Filing)$6.31B
Price to Earnings (P/E)10.0
Beta1.03
Next Earnings
Feb 06, 2025EPS Estimate
1.05Last Dividend Ex-Date
Dec 31, 2024Dividend Yield5.12%
Share Statistics
EPS (TTM)4.62
Shares Outstanding237,878,850
10 Day Avg. Volume277,610
30 Day Avg. Volume309,833
Standard Deviation0.08
R-Squared0.74
Alpha0.00100
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.28
Price to Cash Flow (P/CF)8.00
P/FCF Ratio7.90
Enterprise Value/Market Cap1.50
Enterprise Value/Revenue4.94
Enterprise Value/Gross Profit10.60
Enterprise Value/Ebitda11.18
Forecast
1Y Price Target
C$50.00Price Target Upside7.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
IGM Financial News
PremiumCompany Announcements
IGM Financial Reports Strong Q3 Earnings Growth
Bulls Say, Bears Say
Bulls Say
EarningsIGM's Q4/24 earnings per share increased slightly due to better average assets under management and improved net flows.
Financial PerformanceIGM reported $243 million in Q4/24 net inflows, significantly surpassing the estimated $100 million, indicating strong asset management performance.
OutlookThe increase in the 2025 earnings estimate for IGM reflects higher ending assets, suggesting a positive outlook for the company's financial performance.
Bears Say
Competitive PressuresThere are continued competitive pressures in the mature and saturated Canadian market, where banks have inherent scale and distribution advantages.
Growth OutlookThe outlook for growth in other financial planning revenue is modestly more muted, which could affect overall earnings potential.
Valuation ConcernsThe company's valuation is higher than its historical average, which may be a concern for investors considering the stock.
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Options Prices
Currently, No data available
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Ownership Overview
0.14% Insiders
1.41% Mutual Funds
0.01% Other Institutional Investors
94.78% 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$32.95 and its highest was C$47.96 in the past 12 months.
What is IGM Financial’s market cap?
IGM Financial’s market cap is $10.95B.
When is IGM Financial’s upcoming earnings report date?
IGM Financial’s upcoming earnings report date is Feb 06, 2025 which is in 6 days.
How were IGM Financial’s earnings last quarter?
IGM Financial released its earnings results on Nov 07, 2024. The company reported C$1.03 earnings per share for the quarter, beating the consensus estimate of C$1.004 by C$0.026.
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$0.562 which represents an annual dividend yield of 5.12%. See more information on IGM Financial dividends here
What is IGM Financial’s EPS estimate?
IGM Financial’s EPS estimate is 1.05.
How many shares outstanding does IGM Financial have?
IGM Financial has 237,878,850 shares outstanding.
What happened to IGM Financial’s price movement after its last earnings report?
IGM Financial reported an EPS of C$1.03 in its last earnings report, beating expectations of C$1.004. Following the earnings report the stock price went up 2.353%.
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
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$50.00 (7.55% Upside)
C$50.00 (7.55% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
26.19%
12-Months-Change
Fundamentals
Return on Equity
14.60%
Trailing 12-Months
Asset Growth
-1.08%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call presented strong performance in terms of earnings growth, asset management, and client inflows. Exceptional results from Wealthsimple and significant asset growth across various segments highlight the company's effective strategies. However, challenges remain in dealing with net redemptions and performance issues in specific investment boutiques.Read More>---
IGM Stock 12 Month Forecast
Average Price Target
C$50.00
▲(7.55% Upside)
Technical Analysis
Manulife Financial
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Sun Life Financial
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Fiera Capital A
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Great-West Lifeco
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CI Financial
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Best Analysts Covering IGM
1 Year
1 Year Success Rate
14/23 ratings generated profit
1 Year Average Return
+9.27%
reiterated a buy rating 3 months ago
Copying Graham Ryding's trades and holding each position for 1 Year would result in 60.87% of your transactions generating a profit, with an average return of +9.27% per trade.
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