IGM Financial Inc. (TSE:IGM) Stock Has Consensus Price Target of C$82.00 According to Brokerages

Shares of IGM Financial Inc. (TSE:IGM) have earned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$82.00.

Several brokerages recently commented on IGM. Scotiabank increased their target price 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 boosted their price target on shares of IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. TD increased their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their price objective on IGM Financial from C$79.00 to C$85.00 in a report on Friday, July 10th. Finally, National Bank Financial lifted their target price on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday, July 27th.

IGM Financial Stock Up 1.4%

Shares of IGM Financial stock opened at C$81.21 on Wednesday. The firm has a market cap of C$18.75 billion, a PE ratio of 16.44, a P/E/G ratio of 4.09 and a beta of 0.83. The business’s 50 day simple moving average is C$86.64 and its 200 day simple moving average is C$80.40. The company has a debt-to-equity ratio of 82.59, a quick ratio of 0.31 and a current ratio of 1.28. IGM Financial has a 52-week low of C$51.00 and a 52-week high of C$92.01.

IGM Financial (TSE:IGM) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share 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 during the quarter. On average, analysts predict that IGM Financial will post 4.01 earnings per share for the current fiscal year.

IGM Financial Dividend Announcement

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

Insider Buying and Selling at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 6,900 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$87.97, for a total transaction of C$606,993.00. Also, insider Rhonda Goldberg sold 2,599 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of C$86.76, for a total value of C$225,489.24. Following the sale, the insider owned 3,453 shares in the company, valued at approximately C$299,582.28. This represents a 42.94% decrease in their position. Insiders sold a total of 44,658 shares of company stock worth $4,005,757 over the last ninety days. 66.58% of the stock is currently owned by corporate insiders.

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.