IGM Financial (IGM) Stock Overview
Engages in the wealth and asset management business in Canada. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
IGM Community Fair Values
Create NarrativeSee what 40 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
IGM Financial Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$89.69 |
| 52 Week High | CA$92.01 |
| 52 Week Low | CA$50.06 |
| Beta | 1.11 |
| 1 Month Change | 0.35% |
| 3 Month Change | 11.40% |
| 1 Year Change | 75.66% |
| 3 Year Change | 134.48% |
| 5 Year Change | 88.54% |
| Change since IPO | 3,831.62% |
Recent News & Updates
Recent updates
Narrative Update • Aug 08
IGM: Higher Street Views And Buybacks May Support Steady Future Returns
The analyst fair value estimate for IGM Financial has been raised from CA$81.75 to CA$87.25, reflecting a series of higher Street price targets as analysts incorporate updated assumptions on discount rate, revenue trends, profit margin and future P/E. Analyst Commentary Recent Street commentary on IGM Financial points to a cluster of price target changes that align with the updated fair value estimate of CA$87.25.Narrative Update • Jul 25
IGM: Higher Street Views And AI Fund Exposure May Support Steady Returns
The analyst price target for IGM Financial has been raised from CA$79.38 to CA$81.75, reflecting a series of higher Street targets and updated fair value work by analysts. Analyst Commentary Recent research updates on IGM Financial show a cluster of higher price targets from several firms, which provides a clearer view of how the Street is thinking about the stock's valuation and execution risks.Narrative Update • Jul 10
IGM: Record Asset Flows And AI Fund Commitment May Support Steady Returns
The analyst price target for IGM Financial has been raised by CA$2.25 to CA$79.38. This change reflects updated analyst expectations that incorporate revised fair value assumptions and refreshed views on revenue growth, profitability, and future P/E levels following a series of recent price target increases across the Street.Narrative Update • Jun 23
IGM: Higher Price Expectations And AI Restructuring May Support Steady Returns
Analyst price targets for IGM Financial have been revised higher by up to CA$10. Recent research cites updated valuation work and refreshed assumptions on discount rates and future P/E multiples as key drivers of the change.Narrative Update • Jun 06
IGM: Index Inclusion And Stable Fundamentals May Support Steady Forward Returns
IGM Financial's analyst price target has been raised by multiple firms, with recent increases of CA$3 to CA$10 reflecting analysts' updated views on the stock's risk profile and earnings potential. Analyst Commentary Recent research activity around IGM Financial has centered on price target revisions in the range of C$3 to C$10, which reflects how analysts are recalibrating their views on valuation, earnings power and execution risk.Narrative Update • May 21
IGM: Higher Fair Value And Index Inclusion Will Support Steady Returns
IGM Financial's analyst price target has been revised higher to CA$77.13 from CA$69.75, with analysts pointing to updated fair value estimates, a slightly lower discount rate, a modestly higher profit margin assumption, and a higher future P/E multiple, even as they factor in softer revenue growth expectations. Analyst Commentary Recent research updates show a cluster of higher price targets for IGM Financial, with several firms revising their views within a short time frame.Narrative Update • Apr 24
IGM: Higher Payouts And Refined Assumptions Will Support Steady Returns
IGM Financial's updated analyst price target is CA$69.75, with the figure supported by a series of recent target increases from multiple firms, as analysts point to refined assumptions around discount rates and future P/E expectations. Analyst Commentary Recent target changes cluster between about CA$67 and CA$76, which lines up with the updated average price target of CA$69.75 and gives you a sense of how the Street is framing valuation and execution risk around IGM Financial.Narrative Update • Apr 10
IGM: Higher Payouts And Fine Tuned Models Will Support Steady Returns
Analyst price targets for IGM Financial have been raised by several firms, lifting the consensus closer to CA$69.75 as analysts point to updated assumptions around discount rates, margins and P/E multiples. Analyst Commentary Recent price target changes cluster around the CA$67 to CA$76 range, with several firms adjusting their models for IGM Financial while maintaining existing ratings.Narrative Update • Mar 26
IGM: Higher Payouts And Buybacks Will Support A Steady Return Profile
The analyst price target for IGM Financial is now set at CA$69.75. This reflects a blended view of recent Street target increases into the CA$67 to CA$76 range, supported by analysts citing updated assumptions for discount rates and valuation multiples.Narrative Update • Mar 11
IGM: Higher Payouts And Buybacks Will Support A Measured Total Return Outlook
Analysts have nudged their average price target on IGM Financial higher, with recent CA$1 to CA$3 increases at several firms supporting a refreshed fair value anchor of CA$69.75. This is based on slightly updated discount rate, revenue growth, profit margin, and future P/E assumptions.Narrative Update • Feb 25
IGM: Higher Profit Assumptions And Capital Returns Will Shape A Measured Outlook
The analyst price target on IGM Financial has edged higher by about CA$1.63 to CA$69.75, as analysts factor in a slightly lower discount rate, a higher assumed profit margin, and a modestly lower future P/E multiple following recent target increases from several firms. Analyst Commentary Recent target changes cluster in a relatively tight CA$67 to CA$76 range, which indicates that analysts are updating their models in light of new assumptions on discount rates, profit margins, and valuation multiples.Narrative Update • Feb 07
IGM: Higher Fair Value And Buybacks Will Support A Measured Outlook
Narrative Update The analyst price target for IGM Financial has been raised to C$68.13 from C$62.63, with analysts citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E, supported by recent price target increases from several research firms. Analyst Commentary Recent research updates on IGM Financial point to a series of upward price target revisions, with bullish analysts refining their assumptions around revenue growth, profitability and valuation multiples.Narrative Update • Jan 23
IGM: Steady Buybacks And Modest Assumption Shifts Will Shape A Balanced Outlook
Narrative Update The analyst price target for IGM Financial has been adjusted slightly higher to $62.63 from $61.75. Analysts point to refreshed price targets in the C$57 to C$67 range and updated assumptions for discount rate, revenue growth, profit margin and future P/E to support the change.Narrative Update • Jan 09
IGM: Higher Price Assumptions And Buybacks Will Support A Balanced Return Profile
Analysts have lifted their blended price targets on IGM Financial into a C$54 to C$67 range, a C$3 move at the low and high ends. They cite updated assessments of fair value, discount rate and forward P/E assumptions.Analysis Article • Jan 05
Earnings Working Against IGM Financial Inc.'s (TSE:IGM) Share Price
With a price-to-earnings (or "P/E") ratio of 14.1x IGM Financial Inc. ( TSE:IGM ) may be sending bullish signals at the...Narrative Update • Dec 24
IGM: Buybacks And Earnings Resilience Will Drive A Balanced Return Profile
IGM Financial's analyst price target has been raised further, with recent Street updates moving targets by C$3 to C$5 per share as analysts cite steady revenue growth, resilient margins, and a modestly lower discount rate, which together support a slightly higher valuation multiple. Analyst Commentary Recent Street revisions reflect a broadly constructive stance on IGM Financial, with multiple firms lifting their price targets in quick succession and reiterating neutral to positive ratings.Analysis Article • Dec 15
IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625
IGM Financial Inc. ( TSE:IGM ) will pay a dividend of CA$0.5625 on the 30th of January. Based on this payment, the...Narrative Update • Dec 10
IGM: Buybacks And Sector Headwinds Will Shape Next Phase Of Performance
IGM Financial's analyst price target has risen meaningfully, with recent revisions ranging from C$54 to C$67. Analysts point to modest improvements in long term earnings expectations and valuation multiples, despite largely unchanged fair value estimates.Narrative Update • Nov 26
IGM: Share Repurchases And Sector Trends Will Define Next Phase Of Performance
IGM Financial's analyst price target has been adjusted slightly to C$61.75 from C$61.86, as analysts cite improving revenue growth and a modest uptick in profit margins as reasons for the revised outlook. Analyst Commentary Recent updates from Street research have highlighted both positive momentum and lingering concerns regarding IGM Financial's performance and outlook.Narrative Update • Nov 12
IGM: Revenue Momentum And Share Repurchases Will Shape Outlook Amid Sector Caution
IGM Financial's analyst price target has been increased from approximately C$56.71 to C$61.86, as analysts cite improved revenue growth expectations and stable profit margins, which support a higher valuation. Analyst Commentary Recent analyst activity has focused on upward revisions to IGM Financial's price targets, reflecting shifting sentiment around the company's prospects.Analysis Article • Nov 10
IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625
The board of IGM Financial Inc. ( TSE:IGM ) has announced that it will pay a dividend on the 30th of January, with...Narrative Update • Oct 29
Share Repurchases And Market Shifts Will Shape Future Performance Outlook
Analysts have increased their price target for IGM Financial, raising it by approximately C$2 to C$56.71. This change reflects recent research updates and a more favorable outlook on the company's growth and profitability metrics.Narrative Update • Oct 15
Shifting Investor Trends Will Pressure Traditional Revenue Models
The analyst price target for IGM Financial increased by approximately $1. Analysts cited adjusted expectations from recent Street research reports that support the upward revision.Narrative Update • Aug 27
Shifting Investor Trends Will Pressure Traditional Revenue Models
Analysts have raised IGM Financial’s price target to CA$53.43, citing improved execution, stabilized net flows, and better operating results, though ongoing market pressures lead to only cautious optimism. Analyst Commentary Improved execution and completed turnarounds at both Wealth Management and Asset Management units have stabilized net flows.
New Narrative • Nov 26
Market Optimism Crumbles As Merger Risks And Operational Costs Threaten Growth
Improvements in operating environment could enhance investor sentiment and growth, but failure to realize conditions may impact revenue and growth negatively.Shareholder Returns
| IGM | CA Capital Markets | CA Market | |
|---|---|---|---|
| 7D | 2.6% | -5.2% | -2.5% |
| 1Y | 75.7% | -11.6% | 21.7% |
Return vs Industry: IGM exceeded the Canadian Capital Markets industry which returned -11.6% over the past year.
Return vs Market: IGM exceeded the Canadian Market which returned 21.7% over the past year.
Price Volatility
| IGM volatility | |
|---|---|
| IGM Average Weekly Movement | 3.7% |
| Capital Markets Industry Average Movement | 5.5% |
| Market Average Movement | 9.4% |
| 10% most volatile stocks in CA Market | 16.5% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: IGM has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: IGM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1978 | n/a | Damon Murchison | www.igmfinancial.com |
IGM Financial Inc. engages in the wealth and asset management business in Canada. The company provides investment management services to a suite of investment funds distributed through third party dealers and financial advisors; and administrative services. It also offers insurance and banking products and services.
IGM Financial Inc. Fundamentals Summary
| IGM fundamental statistics | |
|---|---|
| Market cap | CA$20.06b |
| Earnings (TTM) | CA$1.17b |
| Revenue (TTM) | CA$4.62b |
17.8x
P/E Ratio4.5x
P/S RatioIs IGM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IGM income statement (TTM) | |
|---|---|
| Revenue | CA$4.62b |
| Cost of Revenue | CA$2.76b |
| Gross Profit | CA$1.86b |
| Other Expenses | CA$689.34m |
| Earnings | CA$1.17b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.05 |
| Gross Margin | 40.17% |
| Net Profit Margin | 25.24% |
| Debt/Equity Ratio | 29.9% |
How did IGM perform over the long term?
See historical performance and comparisonDividends
2.8%
Current Dividend Yield48%
Payout RatioDoes IGM pay a reliable dividends?
See IGM dividend history and benchmarks| IGM Financial dividend dates | |
|---|---|
| Ex Dividend Date | Sep 28 2026 |
| Dividend Pay Date | Oct 30 2026 |
| Days until Ex dividend | 16 days |
| Days until Dividend pay date | 48 days |
Does IGM pay a reliable dividends?
See IGM dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 21:38 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IGM Financial Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Aiken | Barclays |
| Tom MacKinnon | BMO Capital Markets Equity Research |
| Samira Amini | BofA Global Research |