IGM Financial (TSE:IGM) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of IGM Financial (TSE:IGM) from a hold rating to an outperform rating in a report released on Thursday morning, Marketbeat.com reports. BMO Capital Markets currently has C$96.00 price objective on the financial services provider’s stock, up from their prior price objective of C$83.00.

IGM has been the topic of several other reports. Scotiabank boosted their price objective on 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. TD upped their price objective on 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. Royal Bank Of Canada raised their price objective on IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. National Bank Financial lifted their target price on IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce boosted their target price on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$84.00.

IGM Financial Stock Performance

IGM Financial stock opened at C$79.59 on Thursday. The company’s 50-day moving average price is C$85.07 and its 200-day moving average price is C$81.53. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59. The company has a market cap of C$18.38 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 4.09 and a beta of 0.83. IGM Financial has a twelve month low of C$53.14 and a twelve month high of C$92.01.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. The firm had revenue of C$1.07 million during the quarter. On average, equities research analysts forecast that IGM Financial will post 4.01 EPS for the current fiscal year.

IGM Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 30th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 28th. IGM Financial’s dividend payout ratio (DPR) is 47.87%.

Insider Activity

In related news, Director J. Luke Gould sold 6,900 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of C$87.97, for a total transaction of C$606,993.00. Also, Director Damon Murchison sold 1,400 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of C$89.65, for a total transaction of C$125,510.00. Following the completion of the sale, the director directly owned 11,735 shares in the company, valued at C$1,052,042.75. This trade represents a 10.66% decrease in their ownership of the stock. Insiders sold a total of 44,658 shares of company stock valued at $4,005,757 in the last 90 days. Company 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.