IGM Financial (TSE:IGM) Given New C$85.00 Price Target at Canadian Imperial Bank of Commerce

IGM Financial (TSE:IGM) had its price target boosted by Canadian Imperial Bank of Commerce from C$79.00 to C$85.00 in a research note issued to investors on Friday,BayStreet.CA reports.

IGM has been the subject of a number of other research reports. TD raised their price objective on IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Scotiabank boosted their target price on IGM Financial from C$69.00 to C$76.00 in a research report on Tuesday, April 28th. National Bank Financial lifted their price objective on IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Finally, BMO Capital Markets upped their price objective on IGM Financial from C$68.00 to C$72.00 in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, IGM Financial presently has an average rating of “Hold” and a consensus price target of C$74.88.

IGM Financial Price Performance

IGM stock traded up C$2.77 during trading on Friday, reaching C$84.00. The company’s stock had a trading volume of 630,040 shares, compared to its average volume of 468,725. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. The company’s fifty day moving average is C$78.95 and its 200-day moving average is C$70.88. The company has a market capitalization of C$19.53 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. IGM Financial has a 1 year low of C$42.13 and a 1 year high of C$84.41.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported C$1.20 EPS for the quarter. The business had revenue of C$1.00 million for the quarter. IGM Financial had a return on equity of 13.19% and a net margin of 29.97%. On average, research 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 issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 29th. IGM Financial’s dividend payout ratio (DPR) is 47.48%.

Insider Buying and Selling

In related news, Director J. Luke Gould sold 11,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$78.40, for a total transaction of C$862,400.00. Following the transaction, the director directly owned 8,850 shares in the company, valued at approximately C$693,840. This represents a 55.42% decrease in their position. Also, Director Douglas Milne sold 6,620 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$76.98, for a total transaction of C$509,607.60. Following the completion of the sale, the director directly owned 1,036 shares in the company, valued at C$79,751.28. This trade represents a 86.47% decrease in their ownership of the stock. In the last ninety days, insiders sold 144,039 shares of company stock valued at $11,327,486. Company insiders own 66.58% of the company’s stock.

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.