IGM Financial Inc. | StockChase
211
IGM Financial Inc. (IGM-T)

Last Price Recorded: $44.6600 on 2017-11-17

ON STOCKCHASE SINCE Jan 2001

Asset mngmnt

investment companies/funds

IGM Financial Inc.


Signal Opinion Expert

2017-08-01

COMMENT
IGM Financial Inc. (IGM-T)

As an established Canadian company, this has one of the higher dividends, close to 6%. This has been under pressure from the move away from commission based products to EFT’s, etc. The company is now positioned and the stock has been washed out. Being in one of the great bull markets of history, it is going to help all stocks, and this company is going to do just fine.

investment companies/funds
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Group

Price: $42.430
Owned: Yes

2017-03-28

DON'T BUY
IGM Financial Inc. (IGM-T)

It has issues.  Its underlying mutual funds are generally high fees.  It is more vulnerable to a sell off because the shares are expensive, 17 times PE.  The mutual fund space is being hit with lower fees. 

investment companies/funds
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $40.720
Owned: Unknown

2017-01-11

DON'T BUY
IGM Financial Inc. (IGM-T)

This has been a tremendous growth story over the years. Has some concerns about conventional mutual fund managers as a whole, including this company. Financial services, specifically mutual funds and asset management is a mature industry that is not growing at 2, 3, 5 or 6X GDP growth rates any more. It is becoming more fee competitive. There are costly and disruptive regulatory forces on the horizon. To the extent that management fees will be phased out over time by regulatory action, it is going to prompt a lot of disruption.

investment companies/funds
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $40.840
Owned: No

2016-10-05

COMMENT
IGM Financial Inc. (IGM-T)

If you are coming into this as a new investment, he would prefer Power Financial (PWF-T) because you have investors group as well as Great West Life (GWO-T). While not as exciting, it would be a good hedge in that it would stand to benefit from a rising interest rate environment. However, IGM is at a low right now, so doesn’t think you will be hurt by continuing to own it.

investment companies/funds
Brendan Caldwell

President, Caldwell Securities

Price: $35.410
Owned: Unknown

2016-06-10

COMMENT
IGM Financial Inc. (IGM-T)

Shares could suffer when the new regulations come into place on July 15. They will force brokers and mutual funds to fully disclose all embedded fees within the clients’ statements. Thinks there will be more passive investing.

investment companies/funds
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $36.640
Owned: Unknown

2016-05-04

WATCH
IGM Financial Inc. (IGM-T)

It is a steady eddie.  It is a good long term play.  He would not own it right now.  There is uncertainty with regulatory changes coming to the industry so he would not buy it right now.

investment companies/funds
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $37.760
Owned: Unknown

2016-04-29

DON'T BUY
IGM Financial Inc. (IGM-T)

Money has been coming out of equity mutual funds. Ironically this one has been doing very well relative to the industry over the last year. A tough business and could become even tougher on July 1 when CMR2 comes out, the new mandate of the OSC, where fees are going to be disclosed. Valuation is cheap, but there are too many headwinds. He would prefer Fiera Capital Corp (FSZ-T) which focuses on the institutional and US markets.

investment companies/funds
Don Lato

President, Padlock Investment Management

Price: $39.510
Owned: Unknown

2016-04-25

COMMENT
IGM Financial Inc. (IGM-T)

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.

investment companies/funds
Paul Tepsich

Portfolio Manager, High Rock Capital Management Inc.

Price: $39.310
Owned: Unknown

2016-03-15

COMMENT
IGM Financial Inc. (IGM-T)

We have an improving stock market and people generally under-own equities. If he wanted exposure to companies that benefit if the market recovers, then he would want to look at investment management companies, and this company fits that bill. This has a lot of exposure to Canada and Canadian investors, so it will benefit. He would prefer something that will benefit more from the US market. You should do fine with this as it will rally with the market, but he would prefer Blackrock (BLK-N), a big manager of ETF’s. ETF’s are growing like wildfire. They will also benefit from management fees they get paid managing these ETF’s. Dividend yield of 6.4%.

investment companies/funds
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $37.270
Owned: Unknown

2016-01-26

HOLD
IGM Financial Inc. (IGM-T)

Any mutual fund company in Canada is going to be very unpopular in this market. Despite the really good value, the stock has taken it on the chin. It has now fallen down to a level of about $31-$31.50, which is terrific support with huge upside potential. Has a wonderful yield 6.7%, and the yield is nicely covered.

investment companies/funds
Ross Healy

Chairman, Strategic Analysis Corp

Price: $33.380
Owned: Unknown

2015-12-30

COMMENT
IGM Financial Inc. (IGM-T)

All asset management companies have been hurt in the last year, partly because the markets haven’t done very much, and they get their fees on how their assets do. Also, there are new regulations coming into the mutual fund business that is putting pressure on fees, which are way too high. A well-run company. Owns this indirectly through Power Financial (PWF-T). Thinks the asset management companies are getting into a range here where they are decent investments. He would look at this one.

investment companies/funds
Norman Levine

Managing Director, Portfolio Management Corp

Price: $35.680
Owned: No

2015-12-29

WAIT
IGM Financial Inc. (IGM-T)

Chart shows it has had 2 little bottoms, and is positive that the downtrend has been broken. Financials in general have been pretty weak. Until this one breaks out of the downtrend channel, he would not start a new position. Rising interest rates help financials. Dividend yield of 6.3%.

investment companies/funds
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $35.670
Owned: Unknown

2015-12-22

HOLD
IGM Financial Inc. (IGM-T)

The stock is at a very attractive level to Buy. The volume has been going up a little bit. There is no reason to think it is going any lower than it is right now.

investment companies/funds
Elliot Fishman

Director, US & International Equity Trading Portfolio Adviso

Price: $35.360
Owned: Yes

2015-12-04

PAST TOP PICK
IGM Financial Inc. (IGM-T)

(A Top Pick Jan 22/15. Up 13.22%.) This is an area that is hard to get representation in Canada. This segment of the market probably has good growth potential from here.

investment companies/funds
David Cockfield

Managing Director, Northland Wealth Management

Price: $37.640
Owned: Yes

2015-10-09

DON'T BUY
IGM Financial Inc. (IGM-T)

He has no reason to think the dividend is not safe.  The growth in the industry is stagnating.  The only way to grow is to acquire.  Margins are coming down.  He has CIX-T in this sector and recommends it instead.

investment companies/funds
John Zechner

Chairman, J. Zechner & Assoc

Price: $37.570
Owned: No

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2 Comments

jordy

June 5th 2014 at 9:31am

Does anyone actually buy mutual funds any more? Seriously?

jordy

June 5th 2014 at 9:32am

Does anyone actually buy mutual funds any more? Seriously?


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