Stockchase Opinions

Paul Tepsich IGM Financial Inc. IGM-T COMMENT Apr 25, 2016

First preferred 5.9% noncumulative 1st preferred series B? Wouldn’t classify this as a secure fixed income security, so it should be a very small portion of your fixed income portion. Wouldn’t be a buyer of the stock, but might consider this “preferred” as a Hold.

$39.310

Stock price when the opinion was issued

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COMMENT

Funds have been coming out of equity firms. It is starting to expand but it is difficult to get good returns at this stage.. She prefers the parent company Power Corp which has a good dividend yield.

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TOP PICK
Stockchase Research Editor: Michael O'Reilly

IGM is one of Canada's largest diversified wealth management companies with over $250 billion under management.  It trades at 9x earnings, 1.3x book and operates with 35% margins.  It pays a good dividend, backed by a payout ratio under 50% of cash flow.  Quarterly cash reserves are growing, while debt is being reduced.  We recommend placing a stop-loss at $27, looking to achieve $40 -- upside potential of 18%.  Yield 6.0%

(Analysts’ price target is $40.17)
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PAST TOP PICK
(A Top Pick Nov 14/23, Up 8.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $27) to $30 at this time.  

DON'T BUY
POW vs. GWO vs. IGM

His best guess is that GWO might be the best performer of the 3, though it's not particularly liquid but shouldn't be an issue for the retail investor. Insurance companies tend to do well in a rising rate environment, because it tends to discount their liabilities to a degree.

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PAST TOP PICK
(A Top Pick Nov 28/23, Up 8.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $30) to $33 at this time.  

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TOP PICK
Stockchase Research Editor: Michael O’Reilly

Following recently reported net earnings growth of 87% over the year, we reiterate IGM as a TOP PICK.  Its investment in WealthSimple is up 20%.  Cash reserves remain steady as debt is aggressively retired and shares bought back.  It trades at 10x earnings, 1.3x book value and supports a 14% ROE. We continue to recommend a stop at $33, looking to achieve $42 — upside potential of 18%.  It pays a nice dividend, backed by a payout ratio under 50% of cash flow.  Yield 6.3%

(Analysts’ price target is $41.71)
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TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this investment services company, with the WealthSimple brand, as a TOP PICK.  We like that cash reserves are growing while debt is aggressively retired and shares bought back.  It trades at 11x earnings, 1.3x book, and manages a dividend payout ratio under 50% of cash flow.  We recommend trailing up the stop (from $33.00) to $35.50, looking to achieve $44 -- upside potential of 15%.  Yield 5.7% 

(Analysts’ price target is $43.17)
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PAST TOP PICK
(A Top Pick Sep 10/24, Up 15.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IGM has achieved its target at $44.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $35.50) to $39.00.  

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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK
(A Top Pick Sep 10/24, Up 32.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $39) to $43 at this time.

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Curated by Michael O'Reilly since 2020.
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TOP PICK
Stockchase Research Editor: Michael O’Reilly

With $144 billion in assets under management, we reiterate IGM as a TOP PICK.  Cash reserves are growing while shares are bought back.  It trades at 11x earnings, under 2x book and supports a respectable 12% ROE.  The robust dividend is backed by a payout ratio under 60% of cash flow.  We recommend relaxing the stop (currently at $43) to $40 — due to current financial market uncertainty — looking to achieve $51 — upside potential of 15%.  Yield 5.0%

(Analysts’ price target is $51.15)