IGM Financial Inc.

IGM-T

TSE:IGM

33.08
0.52 (1.55%)
IGM Financial Inc. is a Canadian financial services company, with $133.6 billion in total assets under management as at December 31, 2015. It is a publicly traded subsidiary of Power Corporation of Canada.
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Analysis and Opinions about IGM-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 6, 2020

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.

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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.

HOLD
HOLD
January 27, 2020
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.
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IGM Financial Inc. (IGM-T)
January 27, 2020
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.
SELL
SELL
January 21, 2020

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

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IGM Financial Inc. (IGM-T)
January 21, 2020

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

DON'T BUY
DON'T BUY
December 3, 2019
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.
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IGM Financial Inc. (IGM-T)
December 3, 2019
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.
WAIT
WAIT
January 3, 2019
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.
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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.
DON'T BUY
DON'T BUY
April 9, 2018

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.

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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.

COMMENT
COMMENT
January 12, 2018

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.

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IGM Financial Inc. (IGM-T)
January 12, 2018

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.

COMMENT
COMMENT
August 1, 2017

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.

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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.

DON'T BUY
DON'T BUY
March 28, 2017

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.

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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.

DON'T BUY
DON'T BUY
January 11, 2017

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.

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IGM Financial Inc. (IGM-T)
January 11, 2017

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.

COMMENT
COMMENT
October 5, 2016

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.

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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.

COMMENT
COMMENT
June 10, 2016

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.

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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.

WATCH
WATCH
May 4, 2016

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.

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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.

DON'T BUY
DON'T BUY
April 29, 2016

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.

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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.

COMMENT
COMMENT
April 25, 2016

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.

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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.

COMMENT
COMMENT
March 15, 2016

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%.

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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%.

HOLD
HOLD
January 26, 2016

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.

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IGM Financial Inc. (IGM-T)
January 26, 2016

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.

COMMENT
COMMENT
December 30, 2015

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.

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IGM Financial Inc. (IGM-T)
December 30, 2015

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.

WAIT
WAIT
December 29, 2015

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%.

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IGM Financial Inc. (IGM-T)
December 29, 2015

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%.

HOLD
HOLD
December 22, 2015

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.

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IGM Financial Inc. (IGM-T)
December 22, 2015

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.

PAST TOP PICK
PAST TOP PICK
December 4, 2015

(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.

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IGM Financial Inc. (IGM-T)
December 4, 2015

(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.

DON'T BUY
DON'T BUY
October 9, 2015

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.

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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.

BUY
BUY
October 5, 2015

An amazing sales machine. They have great margins. They will be subject to the transparency rules coming into force next year. Companies like this will figure it out.

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An amazing sales machine. They have great margins. They will be subject to the transparency rules coming into force next year. Companies like this will figure it out.

WEAK BUY
WEAK BUY
September 14, 2015

It has come off a lot. The dividend is 6%. They have about 5000 consultants with Investors Group, who are increasing their assets. Having their own consultants should give them the ability to continue on.

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IGM Financial Inc. (IGM-T)
September 14, 2015

It has come off a lot. The dividend is 6%. They have about 5000 consultants with Investors Group, who are increasing their assets. Having their own consultants should give them the ability to continue on.

COMMENT
COMMENT
July 14, 2015

59% owned by Power Financial (PWF-T). Has an attractive yield of 5.6%. Historically it increases its dividend every year or 2. The pace of increases has slowed more recently, but this is more a function that they are so large and they can’t grow as fast a pace as they could in the past. With the disclosure rules that are coming out for mutual fund fees, this is an overhang on mutual fund companies. Thinks the dividend is safe.

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59% owned by Power Financial (PWF-T). Has an attractive yield of 5.6%. Historically it increases its dividend every year or 2. The pace of increases has slowed more recently, but this is more a function that they are so large and they can’t grow as fast a pace as they could in the past. With the disclosure rules that are coming out for mutual fund fees, this is an overhang on mutual fund companies. Thinks the dividend is safe.

HOLD
HOLD
June 15, 2015

(Market Call Minute) 5% dividend. They have a strong franchise.

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(Market Call Minute) 5% dividend. They have a strong franchise.

WEAK BUY
WEAK BUY
June 3, 2015

One of the solid Canadian mutual fund companies. It has done well and is probably towards the higher end of its valuation right now. He would call this a “soft buy” here.

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One of the solid Canadian mutual fund companies. It has done well and is probably towards the higher end of its valuation right now. He would call this a “soft buy” here.

DON'T BUY
DON'T BUY
May 28, 2015

You want to buy their stock and not their mutual funds. The industry had really consolidated. They had a lot of issues because a lot of funds are high priced. We are moving into a world where they have to take less and less money. They have some high MER products. Own other parts of the power group.

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You want to buy their stock and not their mutual funds. The industry had really consolidated. They had a lot of issues because a lot of funds are high priced. We are moving into a world where they have to take less and less money. They have some high MER products. Own other parts of the power group.

PAST TOP PICK
PAST TOP PICK
March 26, 2015

(Top Pick May 22/14, Down 9.17%) It was about turning around redemptions. Earnings have gone up but there was compression of their multiple because of pressure on their fees. His price target is down a little from last year.

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(Top Pick May 22/14, Down 9.17%) It was about turning around redemptions. Earnings have gone up but there was compression of their multiple because of pressure on their fees. His price target is down a little from last year.

WEAK BUY
WEAK BUY
February 12, 2015

Has a phenomenal franchise. Outperforming the industry with AUM growth. There are new regulations that come into effect over the next few years and there is the feeling that this will drive mutual fund fees down. This may not be good for IGM. They are a dual class share company and he is not a fan of that. They have outperformed and gained market share.

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IGM Financial Inc. (IGM-T)
February 12, 2015

Has a phenomenal franchise. Outperforming the industry with AUM growth. There are new regulations that come into effect over the next few years and there is the feeling that this will drive mutual fund fees down. This may not be good for IGM. They are a dual class share company and he is not a fan of that. They have outperformed and gained market share.

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IGM Financial Inc.(IGM-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 4

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, 4 stock analysts published opinions about IGM-T. 0 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. 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 Ryan Bushell on 2020-04-06. 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 2020-08-07, IGM Financial Inc. (IGM-T) stock closed at a price of $33.08.