PAST TOP PICK
IGM Financial Inc.
(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.
investment companies / funds
TOP PICK
IGM Financial Inc.
Call option on equity markets. If markets move higher, have free option. 5% dividend yield allows for protection to investors.
investment companies / funds
SELL
IGM Financial Inc.
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.
investment companies / funds
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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
IGM Financial Inc.
(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.
investment companies / funds
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This is a Panic-proof Portfolio opinion which is available only for Premium members

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

TOP PICK
IGM Financial Inc.
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)
investment companies / funds
BUY
IGM Financial Inc.
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.
investment companies / funds
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This is a Panic-proof Portfolio opinion which is available only for Premium members

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

TOP PICK
IGM Financial Inc.
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)
investment companies / funds
BUY
IGM Financial Inc.
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.
investment companies / funds
DON'T BUY
IGM Financial Inc.

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.

investment companies / funds
HOLD
IGM Financial Inc.
The family of companies are well run. There are headwinds investing in a mutual fund business. It rallied back recently and pays a decent dividend. The dividend is safe.
investment companies / funds
SELL
IGM Financial Inc.

Buy BAM instead? Nice up-channel, but faces resistance. Neutral for him. Yes, sell IGM and buy BAM.

investment companies / funds
DON'T BUY
IGM Financial Inc.
They're in a tough spot with buyers going more into ETFs. But IGM has support from the Power Group. He doesn't see a strong reason to hold this, though.
investment companies / funds
WAIT
IGM Financial Inc.
Is the 7.5% dividend sustainable? - He thinks the dividend is sustainable as the company has a nice balance sheet and the company has a different business model compared to other mutual fund companies. That hasn't stopped the stock to come down like all other mutual fund stocks. He would wait until the market works it out.
investment companies / funds
DON'T BUY
IGM Financial Inc.

Have long been the highest cost provider but he does not know if that is still the case today. They have a lot more headwinds than tailwinds.

investment companies / funds
COMMENT
IGM Financial Inc.

Banging its head against his EBV +3 level. Closed at $43.48, and he has a model price of $49.17, a 36% upside. However, the regulatory environment in Canada is really, really tough, and he doesn't see it changing anytime soon.

investment companies / funds
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IGM Financial Inc.(IGM-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for IGM Financial Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

IGM Financial Inc.(IGM-T) Frequently Asked Questions

What is IGM Financial Inc. stock symbol?

IGM Financial Inc. is a Canadian stock, trading under the symbol IGM-T on the Toronto Stock Exchange (IGM-CT). It is usually referred to as TSX:IGM or IGM-T

Is IGM Financial Inc. a buy or a sell?

In the last year, 2 stock analysts published opinions about IGM-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for IGM Financial Inc..

Is IGM Financial Inc. a good investment or a top pick?

IGM Financial Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for IGM Financial Inc..

Why is IGM Financial Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is IGM Financial Inc. worth watching?

2 stock analysts on Stockchase covered IGM Financial Inc. In the last year. It is a trending stock that is worth watching.

What is IGM Financial Inc. stock price?

On 2023-02-08, IGM Financial Inc. (IGM-T) stock closed at a price of $41.7.