IGM Financial (TSE:IGM – Free Report) had its price target upped by BMO Capital Markets from C$72.00 to C$80.00 in a research note published on Wednesday morning,BayStreet.CA reports.
Several other equities analysts have also recently issued reports on IGM. TD boosted their target price on shares of IGM Financial from C$80.00 to C$86.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada raised their target price on shares of IGM Financial from C$77.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Monday, July 13th. Scotiabank lifted their price target on shares of IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. National Bank Financial upped their price target on IGM Financial from C$82.00 to C$85.00 in a report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce increased their price objective on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$77.75.
Read Our Latest Stock Analysis on IGM Financial
IGM Financial Trading Down 1.1%
IGM Financial (TSE:IGM – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. The firm had revenue of C$1.00 million for the quarter. On average, sell-side analysts expect that IGM Financial will post 4.006816 earnings per share for the current fiscal year.
IGM Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 29th. IGM Financial’s dividend payout ratio (DPR) is 47.48%.
Insider Activity
In other news, Director James Patrick O’sullivan sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$77.90, for a total transaction of C$54,530.00. Following the sale, the director owned 93,248 shares in the company, valued at C$7,264,019.20. The trade was a 0.75% decrease in their ownership of the stock. Insiders have sold a total of 144,039 shares of company stock worth $11,327,486 in the last quarter. 66.58% of the stock is owned by insiders.
IGM Financial Company Profile
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.
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