IGM Financial Inc. (IGM.TO)

Our PAST TOP PICK with IGM has triggered its stop at $63.  To remain disciplined, we recommend covering the position at this time.  When combined with previous guidance, this will result in a net investment gain of 63%.  

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $58) to $63 at this time.  

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $51) to $58 at this time. 

Our PAST TOP PICK with IGM is progressing well.  To remain disciplined we recommend trailing up the stop (from $47) to $51 at this time.

Our PAST TOP PICK with IGM has achieved its target at $51.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $40) to $47.  

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%

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.

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.  

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% 

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%

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.  

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.  

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%