IGM Financial Inc. (TSE:IGM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of IGM Financial Inc. (TSE:IGM) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$82.00.

Several brokerages have recently issued reports on IGM. Canadian Imperial Bank of Commerce lifted their price target on IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. TD raised their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. BMO Capital Markets lifted their target price on shares of IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on shares of IGM Financial from C$80.00 to C$89.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Finally, Scotiabank increased their price target on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th.

IGM Financial Price Performance

Shares of TSE:IGM opened at C$89.22 on Friday. The firm has a market cap of C$20.60 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 4.09 and a beta of 0.93. IGM Financial has a 1 year low of C$50.06 and a 1 year high of C$92.01. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59. The business has a fifty day simple moving average of C$86.86 and a 200 day simple moving average of C$78.42.

IGM Financial (TSE:IGM) last issued its earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The firm had revenue of C$1.07 million for the quarter. As a group, sell-side analysts predict that IGM Financial will post 4.006816 earnings per share for the current fiscal year.

IGM Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be issued a $0.62 dividend. The ex-dividend date is Monday, September 28th. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. IGM Financial’s dividend payout ratio is currently 47.87%.

Insider Buying and Selling at IGM Financial

In other news, Director James Patrick O’sullivan sold 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$78.59, for a total transaction of C$157,180.00. Following the transaction, the director owned 76,848 shares of the company’s stock, valued at approximately C$6,039,484.32. This represents a 2.54% decrease in their position. Also, Director Damon Murchison sold 7,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$90.95, for a total value of C$663,935.00. Following the completion of the transaction, the director directly owned 2,835 shares in the company, valued at C$257,843.25. The trade was a 72.03% decrease in their ownership of the stock. Insiders have sold a total of 49,248 shares of company stock worth $4,267,221 over the last three months. Corporate insiders own 66.58% of the company’s stock.

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.