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.
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.
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.
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.
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.
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
In the last year, 2 stock analysts published opinions about IGM-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for IGM Financial Inc..
IGM Financial Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for IGM Financial Inc..
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2 stock analysts on Stockchase covered IGM Financial Inc. In the last year. It is a trending stock that is worth watching.
On 2022-06-24, IGM Financial Inc. (IGM-T) stock closed at a price of $35.93.