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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.
investment companies / funds

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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)
investment companies / funds
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.
investment companies / funds

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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)
investment companies / funds
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.
investment companies / funds
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.

investment companies / funds
HOLD
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

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

investment companies / funds
DON'T BUY
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
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

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

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
COMMENT

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
DON'T BUY

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
DON'T BUY

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
Showing 1 to 15 of 223 entries

IGM Financial Inc.(IGM-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

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. 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..

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 2022-06-24, IGM Financial Inc. (IGM-T) stock closed at a price of $35.93.