Brokerages Set IGM Financial Inc. (TSE:IGM) PT at C$77.75

Shares of IGM Financial Inc. (TSE:IGM) have been given an average rating of “Hold” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$80.88.

Several equities analysts recently weighed in on IGM shares. BMO Capital Markets lifted their target price on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. Royal Bank Of Canada increased their price target on IGM Financial from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce raised their price objective on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. National Bank Financial boosted their price objective on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, TD upped their target price on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research report on Thursday.

Insiders Place Their Bets

In other IGM Financial news, Director J. Luke Gould sold 11,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$78.40, for a total value of C$862,400.00. Following the completion of the sale, the director owned 8,850 shares of the company’s stock, valued at C$693,840. This trade represents a 55.42% decrease in their ownership of the stock. Also, insider Rhonda Goldberg sold 3,347 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the completion of the sale, the insider directly owned 6,052 shares of the company’s stock, valued at C$466,609.20. This trade represents a 35.61% decrease in their position. Insiders sold a total of 144,039 shares of company stock worth $11,327,486 in the last 90 days. 66.58% of the stock is owned by company insiders.

Key IGM Financial News

Here are the key news stories impacting IGM Financial this week:

• Positive Sentiment: TD raised its price target to C$94 from C$92 and upgraded IGM to “buy,” implying additional upside from the recent trading level. The upgrade provides a positive signal about the company’s earnings outlook and valuation. BayStreet analyst ratings
• Positive Sentiment: IGM reported quarterly EPS of C$1.41, alongside a 29.97% net margin and 13.19% return on equity. The profitability metrics reinforce the investment case for the wealth-management and financial-services company, although the available report does not state whether EPS exceeded consensus estimates. IGM Financial quarterly press release
• Positive Sentiment: Scotiabank increased its target to C$87 from C$84 while maintaining a “sector perform” rating. Although the revised target indicates limited near-term upside, the increase still reflects improved valuation expectations. Scotiabank analyst rating
• Neutral Sentiment: IG Wealth’s parent plans to sell its Winnipeg headquarters and relocate to leased space at Portage and Main. Selling the property could unlock capital and reduce real-estate ownership responsibilities, but the ongoing lease expense and financial impact were not disclosed. MSN article on IGM headquarters sale
• Negative Sentiment: The reported average brokerage target of C$77.75 remains below IGM’s recent share price, indicating that some analysts still view the stock as fully valued or expect less upside than the newest TD and Scotiabank targets. Brokerage average target article

IGM Financial Trading Up 5.5%

TSE IGM opened at C$86.44 on Friday. The firm has a market capitalization of C$20.09 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 4.09 and a beta of 1.03. The company has a debt-to-equity ratio of 81.91, a quick ratio of 0.31 and a current ratio of 1.36. IGM Financial has a one year low of C$44.69 and a one year high of C$87.99. The company’s 50 day moving average price is C$81.02 and its 200 day moving average price is C$73.09.

IGM Financial (TSE:IGM) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. The company had revenue of C$1.07 million during the quarter. On average, sell-side analysts predict that IGM Financial will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 31st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.48 annualized dividend and a yield of 2.9%. IGM Financial’s payout ratio is 47.48%.

About IGM Financial

Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $244 billion (CAD) in assets under management as of December 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London.