IGM Financial (TSE:IGM – Get Free Report) released its earnings results on Thursday. The financial services provider reported C$1.51 EPS for the quarter, FiscalAI reports. The firm had revenue of C$1.32 billion during the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%.
IGM Financial Stock Down 6.2%
IGM opened at C$79.51 on Friday. IGM Financial has a fifty-two week low of C$53.40 and a fifty-two week high of C$92.01. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The firm’s fifty day moving average price is C$84.13 and its two-hundred day moving average price is C$77.50. The company has a market capitalization of C$18.36 billion, a P/E ratio of 16.10, a P/E/G ratio of 4.09 and a beta of 0.67.
IGM Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 30th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 28th. IGM Financial’s dividend payout ratio (DPR) is 47.87%.
Analyst Upgrades and Downgrades
IGM has been the topic of several research reports. Scotiabank boosted their price objective on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. BMO Capital Markets upgraded shares of IGM Financial from a “hold” rating to an “outperform” rating and increased their target price for the company from C$83.00 to C$96.00 in a research note on Thursday, October 22nd. Canadian Imperial Bank of Commerce lifted their target price on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. 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 research report on Monday, July 27th. Finally, Desjardins set a C$93.00 price target on IGM Financial and gave the company a “buy” rating in a research note on Tuesday, October 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.88.
Get Our Latest Analysis on IGM
Insider Transactions at IGM Financial
In other news, Director J. Luke Gould sold 900 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of C$87.99, for a total value of C$79,191.00. Over the last 90 days, insiders have sold 9,960 shares of company stock valued at $876,221. 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.
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