IGM Financial Inc. (IGM.TO) Buy, Sell or Hold

IGM Financial Inc. (IGM.TO)

84.09

+0.41 (0.49%)

as of Oct 2, 2026, 8:00:00 pm Market Open.

168 watching

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.

BUY

Really likes financials for the second half of the year. From July-September, returns are anemic compared to the market. But at the end of the year, financials have good outperformance. Looks fantastic, strong dividend. Likely to take out highs of 2021 over the course of this cycle. Upside until late 2025 or early 2026.

HOLD

It is expanding into the U.S. and making acquisitions. It has pulled back and could flat-line for a while, You could also look at the parent company Power Corp.

DON'T BUY

Great job renovating their franchise. He prefers POW, with its discount to NAV and ownership of GWO and GBL. Will continue to buy assets because they need scale. If you don't have scale, asset management becomes very difficult.

COMMENT

Are sensitive to market flows. Part of the Power Financial Group; she owns Power shares, the parent company. Prefers Power Corp. for its dividend.

HOLD

A good dividend and balance sheet is strong. Cash flow, too. Most of your return will come from the dividend. The problem is that they're in a secular growth industry anymore, not like the 1990s or the early 2000s, and it's being disrupted by fintech. IGM is fine, but will not appreciate much.

PAST TOP PICK

(A Top Pick Dec 02/22, Down 1%) Effectively a call option on equity markets. Loves the yield of almost 6%. Big pullback in 2022, but now we're seeing higher highs and higher lows, which marks the start of a new uptrend. Attractive reward/risk. Equities are now on sale, great opportunity for long-term investors to pick and choose where they want to deploy capital. Likes it a lot.

TOP PICK

Call option on equity markets. If markets move higher, have free option. 5% dividend yield allows for protection to investors.

SELL

Once private equity firms entered the space, he's never again invested in a public market asset manager. The money is not sticky enough. Business economics of private equity is more compelling. If you have a big capital gain in IGM, consider that. But if not, consider rotating into something else.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Nov 25/21, Down 9.6%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with IGM has triggered its stop at $45. To remain disciplined, we recommend covering the position at this time. This results in a net investment loss of 4%, when combined with our other previous buy recommendation.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We reiterate IGM, a $10 billion Canadian financial services business (with brand names including IG Wealth Management and Mackenzie Investments) as a TOP PICK. It trades at 13x earnings and a PEG ratio under 1.0. It is currently valued at just under 2x book value. It reinstated its dividend with an excellent yield that is backed by an expected payout ratio under 60% of cash flow. We recommend trailing up the stop (from $35) to $45, looking $57.50 -- upside potential over 15%. Yield 4.55% (Analysts’ price target is $57.25)

BUY

Really likes the investment management sector. It should be pretty good business in a time of a decent market and reflation. When a group gets into gear, you want to look at the leaders.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly IGM is a $10 billion Canadian financial services business with brand names including IG Wealth Management and Mackenzie Investments. It trades at 13x earnings compared to peers at 29x. With its expected growth in earnings, its PEG ratio is 1.03 and it trades at under 2x book value. It pays an excellent dividend, backed by a payout ratio of under 70% of cash flow. We would buy this with a stop loss at $35, looking to achieve $52 -- upside over 18%. Yield 5.1% (Analysts’ price target is $49.88)

BUY

The business of investment plans has been doing very well. With everyone at home, they are spending more time looking at portfolios. There is really a market for professional investment advice. He thinks this market will have hiccups. He is bullish on this industry in general, however.

DON'T BUY

IGM-T vs. MIC-T. He would prefer MIC-T. He likes the underlying fundamentals, but has always worried about a real estate downturn and how it would affect it. He prefers it to IGM-T where he does not see how the fee structure would be sustainable in the long run.

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IGM Financial Inc. (IGM.TO)