IGM Financial Inc.

IGM-T

TSE:IGM

38.21
0.22 (0.58%)
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.
More at Wikipedia

Analysis and Opinions about IGM-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
June 5, 2013

(A Top Pick Jan 8/13. Up 15.66%.) There has been a dearth of interest in the equity side over the past 5-6 years. Most of the money being invested has been in bond funds and, in the last couple of years, in balanced funds. This company makes a lot of their money on the long-term product, i.e. equities. Still likes them. 4.5% yield.

(A Top Pick Jan 8/13. Up 15.66%.) There has been a dearth of interest in the equity side over the past 5-6 years. Most of the money being invested has been in bond funds and, in the last couple of years, in balanced funds. This company makes a lot of their money on the long-term product, i.e. equities. Still likes them. 4.5% yield.

Patrick Horan
Portfolio Manager, Agilith Capital Inc
Price
$47.990
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 15, 2013

(up 27.02% since June 5, 2012) He doesn't own anymore as the performance of their mutual funds especially the Mackenzie funds was bad. They were bleeding assets. It is a yield play of 4.5%. He did well while he owned it but didn't like the performance of underlying stock.

(up 27.02% since June 5, 2012) He doesn't own anymore as the performance of their mutual funds especially the Mackenzie funds was bad. They were bleeding assets. It is a yield play of 4.5%. He did well while he owned it but didn't like the performance of underlying stock.

David Baskin
President, Baskin Wealth Management
Price
$47.550
Owned
No
HOLD
HOLD
May 3, 2013

Seasonally the financials tend to be weak between now and late summer. Watch the lid around $47.50 and be prepared to take profits if it hits and does not to show signs of wanting to break it.

Seasonally the financials tend to be weak between now and late summer. Watch the lid around $47.50 and be prepared to take profits if it hits and does not to show signs of wanting to break it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$46.200
Owned
Unknown
TOP PICK
TOP PICK
April 29, 2013

Likes the dividend yield and the cash flow being generated. Cheaper than number one in Canada (AGF) – valuation discrepancy. Positive trends in cash flow and growth. Expects continued good performance. 2.6 times book value.

Likes the dividend yield and the cash flow being generated. Cheaper than number one in Canada (AGF) – valuation discrepancy. Positive trends in cash flow and growth. Expects continued good performance. 2.6 times book value.

Brian Huen
Managing Partner, Red Sky Capital Management
Price
$44.690
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 7, 2013

(Top Pick Jan 07/13, Up 9.54%)

(Top Pick Jan 07/13, Up 9.54%)

Patrick Horan
Portfolio Manager, Agilith Capital Inc
Price
$45.820
Owned
Yes
COMMENT
COMMENT
February 12, 2013

Has gone up in the last 3 weeks, which she feels is because of fund flows. As the market improves, the stock will reflect that, which accounts for a lot of the stock price movement. High-quality company. She has always played this through Power Financial (PWF-T) or Power Corp. (POW-T).

IGM Financial Inc. (IGM-T)
February 12, 2013

Has gone up in the last 3 weeks, which she feels is because of fund flows. As the market improves, the stock will reflect that, which accounts for a lot of the stock price movement. High-quality company. She has always played this through Power Financial (PWF-T) or Power Corp. (POW-T).

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$44.700
Owned
No
TOP PICK
TOP PICK
January 8, 2013

Big theme over the past 5 years has been outflows from equities to fixed income. Starting to see the thin edge of the wedge in reversal of attitudes towards equities. We are going to see a credit cycle default in front of us, where credit is going to be easy and will bleed into the economy and risk-taking will come back.

Big theme over the past 5 years has been outflows from equities to fixed income. Starting to see the thin edge of the wedge in reversal of attitudes towards equities. We are going to see a credit cycle default in front of us, where credit is going to be easy and will bleed into the economy and risk-taking will come back.

Patrick Horan
Portfolio Manager, Agilith Capital Inc
Price
$41.700
Owned
Yes
HOLD
HOLD
November 1, 2012

Has a very good position in the Canadian mutual fund industry with a proprietary sales force. Mutual funds, as an industry, has been stagnating. There is not as much room for consolidation. If your view on the market is positive, this could have some upside here but he doesn’t see a huge upside.

IGM Financial Inc. (IGM-T)
November 1, 2012

Has a very good position in the Canadian mutual fund industry with a proprietary sales force. Mutual funds, as an industry, has been stagnating. There is not as much room for consolidation. If your view on the market is positive, this could have some upside here but he doesn’t see a huge upside.

Jim Huang
President, T.I.P. Wealth Management
Price
$39.950
Owned
No
DON'T BUY
DON'T BUY
October 3, 2012

(Market Call Minute) Asset management is a tough space right now. Isn't a fan of any of them.

(Market Call Minute) Asset management is a tough space right now. Isn't a fan of any of them.

Jason Donville
President & CEO, Donville Kent Asset Management
Price
$38.170
Owned
No
BUY
BUY
September 24, 2012

Controlled by power financial, which he owns. A great stock to own but a lousy one to buy their funds, which makes it a great stock to own in the long run.

IGM Financial Inc. (IGM-T)
September 24, 2012

Controlled by power financial, which he owns. A great stock to own but a lousy one to buy their funds, which makes it a great stock to own in the long run.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$39.130
Owned
Yes
SELL
SELL
August 7, 2012

5.7%. Market is saying it is safe yield for now. Chart is ugly and it is not a great business.

5.7%. Market is saying it is safe yield for now. Chart is ugly and it is not a great business.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$37.450
Owned
No
PAST TOP PICK
PAST TOP PICK
August 7, 2012

(A Top Pick Aug 24/11. Down 9.03%.) This is under review by him as he is becoming increasingly convinced that the whole mutual fund industry is going through a sea change. People are getting clued into fees being charged and more aware of ETF's.

(A Top Pick Aug 24/11. Down 9.03%.) This is under review by him as he is becoming increasingly convinced that the whole mutual fund industry is going through a sea change. People are getting clued into fees being charged and more aware of ETF's.

David Baskin
President, Baskin Wealth Management
Price
$37.450
Owned
Yes
COMMENT
COMMENT
July 17, 2012
Asset management. Recently cut their fees as they are seeing a bit of pressure. Have been in net redemptions for a while. Doesn't expect a lot of growth until the markets turn around. Good dividend payer at about 5.5%.
Asset management. Recently cut their fees as they are seeing a bit of pressure. Have been in net redemptions for a while. Doesn't expect a lot of growth until the markets turn around. Good dividend payer at about 5.5%.
Jeff Young
Co-CEO & CIO, NexGen Financial
Price
$39.050
Owned
Unknown
COMMENT
COMMENT
June 26, 2012
Owns this one indirectly through Power Financial (PWF-T) and has always chosen to go that route. Has been very impressed with IGM over the years in the way they have established their training programs, etc. Have a consistent product. You could Buy this for the long term but in the short term it depends on markets. They have cut the fees on the number of their funds and will have to increase sales to make up for this shortfall.
Owns this one indirectly through Power Financial (PWF-T) and has always chosen to go that route. Has been very impressed with IGM over the years in the way they have established their training programs, etc. Have a consistent product. You could Buy this for the long term but in the short term it depends on markets. They have cut the fees on the number of their funds and will have to increase sales to make up for this shortfall.
Peter Brieger
Chairman & Chief Executive Officer, GlobeInvestment Capital Management
Price
$39.510
Owned
No
BUY
BUY
June 12, 2012
(Market Call Minute.) Beaten up because market performance is tied to mutual funds but the dividend is rock solid and safe.
(Market Call Minute.) Beaten up because market performance is tied to mutual funds but the dividend is rock solid and safe.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$39.030
Owned
Yes
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