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IGM Financial Inc. (IGM-T)
TSE:IGM
45.59
0.04
(0.09%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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IGM Financial Inc. is a top pick for investment services company according to experts. They highlight the company's strong financials including growing cash reserves, aggressive debt reduction, and share buybacks. The stock is trading at low multiples, has a healthy dividend payout ratio, and is showing strong potential for upside. Overall, experts are bullish on IGM's growth prospects and financial stability.
$44.640
Unknown
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%
(Analysts’ price target is $43.17)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%
(Analysts’ price target is $41.71)His best guess is that GWO might be the best performer of the 3, though it's not particularly liquid but shouldn't be an issue for the retail investor. Insurance companies tend to do well in a rising rate environment, because it tends to discount their liabilities to a degree.
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%
(Analysts’ price target is $40.17)Funds have been coming out of equity firms. It is starting to expand but it is difficult to get good returns at this stage.. She prefers the parent company Power Corp which has a good dividend yield.
Really likes financials for the second half of the year. From July-September, returns are anemic compared to the market. But at the end of the year, financials have good outperformance. Looks fantastic, strong dividend. Likely to take out highs of 2021 over the course of this cycle. Upside until late 2025 or early 2026.
It is expanding into the U.S. and making acquisitions. It has pulled back and could flat-line for a while, You could also look at the parent company Power Corp.
Great job renovating their franchise. He prefers POW, with its discount to NAV and ownership of GWO and GBL. Will continue to buy assets because they need scale. If you don't have scale, asset management becomes very difficult.
Are sensitive to market flows. Part of the Power Financial Group; she owns Power shares, the parent company. Prefers Power Corp. for its dividend.
A good dividend and balance sheet is strong. Cash flow, too. Most of your return will come from the dividend. The problem is that they're in a secular growth industry anymore, not like the 1990s or the early 2000s, and it's being disrupted by fintech. IGM is fine, but will not appreciate much.
IGM Financial Inc.(IGM-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
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, 4 stock analysts published opinions about IGM-T. 3 analysts 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?
4 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 2024-11-15, IGM Financial Inc. (IGM-T) stock closed at a price of $45.59.
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.