Overview
IGM Financial Inc., based in Canada, operates predominantly in the financial services sector, with a substantial emphasis on wealth and asset management. As one of the leading investment management firms in Canada, IGM Financial Inc. oversees a diverse portfolio through its key subsidiaries, including IG Wealth Management, Mackenzie Investments, and Investment Planning Counsel. The company focuses on providing a wide array of financial planning services, mutual funds, and other investment vehicles that cater to both individual and institutional investors. IGM Financial Inc. is committed to innovation and has been involved in integrating technology to enhance financial advisory services. Its forward-looking projects include advancements in financial digital platforms and sustainable investment solutions aimed at delivering long-term growth and client satisfaction.
Basic Stats
The share price of IGM Financial Inc. as of September 5, 2025 is $49.97 / share. This is an increase of 1.48% from the prior week. The market cap (or net worth) of IGM Financial Inc. as of September 5, 2025 is $11,857.03 MM.
The Factor Analysis chart (below right) shows a view of IGM Financial Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 11,857.03 MM |
| EV | 13,511.70 MM |
| Shares Out. | 236.05 MM |
| Earnings Date | |
| EPS (TTM) | 4.13 |
| Dividend Yield | 4.48 % |
| Ex-Dividend Date | 2025-09-26 |
| Borrow Rate | 0.81 |
| Short Shares Avail. | 1.00 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 29.63 % |
| Volatility (1 yr) | 0.20 |
| Beta | 0.67 |
| Sharpe Ratio (1 yr) | 1.29 |
| Sortino Ratio (1 yr) | 2.05 |
| PE Ratio | 12.17 |
| Price/Book | 1.45 |
| Price/TBV | 2.84 |
| Book/Market | 0.69 |
| EBIT/EV | 0.09 |
| EBIT(3yr avg)/EV | 0.09 |
| ROA | 0.05 |
| ROE | 0.14 |
| ROIC | 0.09 |
| CROIC | 0.04 |
| OCROIC | 0.10 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | 57.44 /100 |
| Profitability | 71.18 /100 |
| Quality Score | 52.81 /100 |
| Value Score | 83.07 /100 |
| Momentum Score | 68.11 /100 |
| Stability (Low Vol) Score | 88.14 /100 |
| Analyst Sentiment | 35.83 /100 |
| Fund Sentiment | 48.63 /100 |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | 61.40 /100 |
| QVM Score | |
| Piotroski F-SCORE | 9.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for IGM Financial Inc. is $54.40. The forecasts range from a low of $49.49 to a high of $60.90. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for IGM Financial Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-11-07 | TD Research | Hold | Downgrade | |
| 2022-11-07 | Barclays | Downgrade | ||
| 2022-11-04 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-11-04 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-10-24 | RBC Royalbank | Downgrade | ||
| 2022-10-06 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2022-09-22 | STA Research | Hold | Reiterate | |
| 2022-09-22 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-08-08 | Barclays | Upgrade | ||
| 2022-08-05 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-08-05 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2022-08-05 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-08-03 | TD Research | Market Perform | Downgrade | |
| 2022-07-29 | Barclays | Downgrade | ||
| 2022-07-26 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-07-07 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2022-05-09 | TD Research | Buy | Downgrade | |
| 2022-05-09 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-05-09 | RBC Royalbank | Sector Perform | Downgrade | |
| 2022-05-09 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2022-05-09 | Morningstar | Buy | Maintains | |
| 2022-05-06 | CIBC Capital Markets | Outperform | Downgrade | |
| 2022-05-03 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-04-07 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2022-03-02 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-02-14 | Canaccord Capital | Buy | Upgrade | |
| 2022-02-11 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-02-11 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-02-03 | Canaccord Capital | Buy | Initiate | |
| 2022-01-26 | Barclays | Underweight | Downgrade | |
| 2022-01-25 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-01-20 | RBC Royalbank | Sector Perform | Upgrade | |
| 2022-01-10 | National of Bank of Canada Financial | Outperform | Upgrade | |
| 2022-01-10 | National Bank Financial | Outperform | Upgrade | |
| 2022-01-07 | National Bank of Canada Financial | Outperform | Upgrade | |
| 2022-01-06 | Scotiabank Capital | Sector Perform | Upgrade | |
| 2022-01-06 | CIBC Capital Markets | Outperform | Maintains | |
| 2021-11-09 | CF Financial | Buy | Maintains | |
| 2021-11-09 | CanaccordFinancial | Buy | Maintains | |
| 2021-11-09 | Canaccord Genuity | Buy | Maintains | |
| 2021-11-09 | BMONesbitts | Market Perform | Maintains | |
| 2021-11-09 | BMONesbitt | Market Perform | Maintains | |
| 2021-11-09 | ATB Capital | Market Perform | Maintains | |
| 2021-11-08 | CM Bank | Outperform | Upgrade | |
| 2021-11-08 | CIBC WG | Outperform | Upgrade | |
| 2021-11-08 | Canaccord Genuity | Upgrade | ||
| 2021-11-08 | BMONesbitt | Upgrade | ||
| 2021-11-05 | TDNewcrest | Buy | Upgrade | |
| 2021-11-05 | TD Newcrest | Buy | Upgrade | |
| 2021-11-05 | Sbank3 | Sector Perform | Maintains | |
| 2021-11-05 | Sbank | Sector Perform | Maintains | |
| 2021-11-05 | RY Bank | Sector Perform | Upgrade | |
| 2021-11-05 | RBCRoyalBank | Sector Perform | Upgrade | |
| 2021-11-05 | NB Financial | Upgrade | ||
| 2021-11-05 | NationalBankFinancial | Upgrade | ||
| 2021-10-26 | TD Securities | Buy | Maintains | |
| 2021-10-26 | Scotiabanks | Upgrade | ||
| 2021-10-26 | Sbank | Sector Perform | Upgrade | |
| 2021-10-26 | CIBC World Markets | Outperform | Maintains | |
| 2021-10-19 | TD Securities | Buy | Maintains | |
| 2021-10-18 | TD Securities | Upgrade | ||
| 2021-08-06 | TD Securities | Buy | Upgrade | |
| 2021-08-05 | National Bank Financial | Outperform | Upgrade | |
| 2021-08-05 | CIBC World Markets | Outperform | Upgrade | |
| 2021-07-23 | RBC Capital | Upgrade | ||
| 2021-07-20 | Sbank | Sector Perform | Upgrade | |
| 2021-07-15 | TD Securities | Upgrade | ||
| 2021-07-08 | National Bank Financial | Outperform | Upgrade | |
| 2021-05-10 | TD Securities | Buy | Upgrade | |
| 2021-05-07 | RBC Capital | Sector Perform | Upgrade | |
| 2021-05-07 | National Bank Financial | Outperform | Upgrade | |
| 2021-05-05 | Sbank | Outperform | Upgrade | |
| 2021-05-04 | CIBC World Markets | Outperform | Upgrade | |
| 2021-05-04 | BMO Capital Markets | Market Perform | Upgrade | |
| 2021-05-03 | Sbank | Outperform | Upgrade | |
| 2021-05-03 | CIBC World Markets | Outperform | Maintains | |
| 2021-05-01 | National Bank Financial | Outperform Market Weight | Reiterate | |
| 2021-04-30 | National Bank Financial | Outperform | Initiate | |
| 2021-04-26 | TD Securities | Hold | Upgrade | |
| 2021-04-26 | CIBC World Markets | Outperform | Upgrade | |
| 2021-04-09 | BMO Capital Markets | Outperform | Upgrade | |
| 2021-03-26 | Canaccord Genuity | Strong-Buy | Upgrade | |
| 2021-02-17 | TD Securities | Upgrade | ||
| 2021-02-17 | Canaccord Genuity | Buy | Upgrade | |
| 2021-02-03 | Canaccord Genuity | Buy | Upgrade | |
| 2021-02-02 | Sbank | Upgrade | ||
| 2021-01-26 | BMO Capital Markets | Market Perform | Downgrade | |
| 2020-11-09 | Canaccord Genuity | Hold | Buy | Upgrade |
| 2020-08-10 | RBC Capital | Underperform | Sector Perform | Upgrade |
| 2020-08-07 | TD Securities | Hold | Upgrade | |
| 2020-08-04 | Sbank | Upgrade | ||
| 2020-07-22 | Canaccord Genuity | Upgrade | ||
| 2020-07-17 | RBC Capital | Upgrade | ||
| 2020-06-29 | Sbank | Upgrade | ||
| 2020-05-11 | TD Securities | Hold | Upgrade | |
| 2020-05-11 | Sbank | Upgrade | ||
| 2020-05-11 | Canaccord Genuity | Upgrade | ||
| 2020-05-11 | BMO Capital Markets | Upgrade | ||
| 2020-04-07 | Canaccord Genuity | Downgrade | ||
| 2020-03-24 | Sbank | Downgrade | ||
| 2020-03-19 | RBC Capital | Sector Perform | Underperform | Downgrade |
| 2020-02-18 | TD Securities | Buy | Hold | Downgrade |
| 2020-02-18 | CIBC World Markets | Upgrade | ||
| 2019-08-02 | CIBC World Markets | Downgrade | ||
| 2019-08-02 | Canaccord Genuity | Upgrade | ||
| 2019-08-02 | BMO Capital Markets | Upgrade | ||
| 2019-05-06 | RBC Capital | Sector Perform | Downgrade | |
| 2019-02-11 | CIBC World Markets | Upgrade | ||
| 2019-02-04 | Desjardins Securities | Buy | Hold | Downgrade |
| 2019-01-30 | Canaccord Genuity | Downgrade | ||
| 2019-01-21 | Barclays | Downgrade | ||
| 2019-01-15 | RBC Capital | Outperform | Sector Perform | Downgrade |
| 2018-11-19 | TD Securities | Buy | Downgrade | |
| 2018-11-16 | RBC Capital | Outperform | Downgrade | |
| 2018-11-05 | Canaccord Genuity | Upgrade | ||
| 2018-11-05 | BMO Capital Markets | Upgrade | ||
| 2018-10-30 | CIBC World Markets | Downgrade | ||
| 2018-10-29 | Canaccord Genuity | Downgrade | ||
| 2018-10-29 | BMO Capital Markets | Downgrade | ||
| 2018-10-26 | Barclays | Downgrade | ||
| 2018-08-03 | TD Securities | Downgrade | ||
| 2018-07-31 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2018-07-14 | CIBC World Markets | Upgrade | ||
| 2018-05-07 | Sbank | Outperform | Downgrade | |
| 2018-05-07 | BMO Capital Markets | Downgrade | ||
| 2018-04-27 | CIBC World Markets | Neutral | Outperform | Upgrade |
| 2018-04-12 | Barclays | Downgrade | ||
| 2018-02-12 | Desjardins Securities | Downgrade | ||
| 2018-02-12 | Canaccord Genuity | Downgrade | ||
| 2018-02-12 | Barclays | Downgrade | ||
| 2017-12-12 | Sbank | Sector Perform | Outperform | Reiterate |
| 2017-11-06 | TD Securities | Hold | Buy | Upgrade |
| 2017-11-06 | CIBC World Markets | Downgrade | ||
| 2017-11-06 | BMO Capital Markets | Outperform | Reiterate | |
| 2017-11-06 | Barclays | Downgrade | ||
| 2017-10-31 | Desjardins Securities | Upgrade | ||
| 2017-09-18 | BMO Capital Markets | Outperform | Reiterate | |
| 2017-08-04 | Barclays | Upgrade | ||
| 2017-05-02 | CIBC World Markets | 44 | Maintains | |
| 2017-04-24 | RBC Capital | Sector Perform | Outperform | Downgrade |
| 2017-02-13 | TD Securities | Hold | Maintains | |
| 2017-02-13 | Sbank | Sector Perform | Maintains | |
| 2017-02-13 | Desjardins Securities | Hold | Maintains | |
| 2017-01-06 | TD Securities | 41 | Maintains | |
| 2016-11-04 | RBC Capital | Sector Perform | Maintains | |
| 2016-10-27 | Barclays | Underweight | Maintains | |
| 2016-08-08 | TD Securities | Hold | Maintains | |
| 2016-08-08 | GMP Securities | 39.5 | Maintains | |
| 2016-08-08 | BMO Capital Markets | At Market Perform | Maintains | |
| 2016-08-08 | Barclays | Underweight | Maintains | |
| 2016-07-12 | Canaccord Genuity | Hold | Maintains | |
| 2016-05-09 | TD Securities | Hold | Maintains | |
| 2016-05-09 | Sbank | Sector Perform | Maintains | |
| 2016-05-09 | Desjardins Securities | Hold | Maintains | |
| 2016-05-09 | Canaccord Genuity | Hold | Maintains | |
| 2016-05-09 | Barclays | Underweight | Maintains | |
| 2016-04-29 | Barclays | 37 | Maintains | |
| 2016-04-22 | Desjardins Securities | Buy | Hold | Downgrade |
| 2016-04-11 | National Bank Financial | 36 | Maintains | |
| 2016-02-17 | Sbank | Outperform | Maintains | |
| 2016-02-17 | RBC Capital | 39 | Maintains | |
| 2016-02-17 | Bank of America | 43 | Maintains | |
| 2016-02-16 | TD Securities | Hold | Maintains | |
| 2016-02-16 | BMO Capital Markets | At Market Perform | Maintains | |
| 2016-02-10 | Bank of America | 44 | Maintains | |
| 2016-02-03 | National Bank Financial | 35 | Maintains | |
| 2016-01-22 | Barclays | Underweight | Maintains | |
| 2016-01-21 | Canaccord Genuity | Buy | Maintains | |
| 2015-11-26 | National Bank Financial | Sector Perform | Maintains | |
| 2015-11-09 | GMP Securities | 48.5 | Maintains | |
| 2015-11-06 | Sbank | Outperform | Maintains | |
| 2015-11-06 | RBC Capital | Sector Perform | Maintains | |
| 2015-10-26 | CIBC World Markets | 41 | Maintains | |
| 2015-10-23 | RBC Capital | Sector Perform | Maintains | |
| 2015-09-03 | Canaccord Genuity | Buy | Maintains | |
| 2015-08-07 | BMO Capital Markets | At Market Perform | Maintains | |
| 2015-08-07 | Barclays | Underweight | Maintains | |
| 2015-07-24 | Sbank | 49 | Maintains | |
| 2015-04-27 | CIBC World Markets | 46.75 | Maintains | |
| 2015-02-24 | Sbank | 52 | Maintains | |
| 2015-01-26 | Sbank | 55 | Maintains | |
| 2015-01-26 | Barclays | 45 | Maintains | |
| 2015-01-13 | RBC Capital | Outperform | Maintains | |
| 2014-11-19 | Sbank | 57 | Maintains | |
| 2014-10-27 | CIBC World Markets | Underperform | Maintains | |
| 2014-10-09 | Sbank | 54 | Maintains | |
| 2014-10-09 | CIBC World Markets | Sector Perform | Underperform | Downgrade |
| 2014-10-09 | Canaccord Genuity | Buy | Maintains | |
| 2014-08-08 | TD Securities | Hold | Maintains | |
| 2014-08-08 | National Bank Financial | Sector Perform | Maintains | |
| 2014-08-08 | Canaccord Genuity | Buy | Maintains | |
| 2014-08-08 | Barclays | Equal Weight | Maintains | |
| 2014-05-12 | CIBC World Markets | 63 | Maintains | |
| 2014-05-12 | Canaccord Genuity | Buy | Maintains | |
| 2014-04-23 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-04-21 | Sbank | 59 | Maintains | |
| 2014-02-18 | TD Securities | Buy | Maintains | |
| 2014-02-18 | National Bank Financial | Sector Perform | Maintains | |
| 2014-02-18 | GMP Securities | Buy | Maintains | |
| 2014-02-18 | Canaccord Genuity | Hold | Maintains | |
| 2014-02-03 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-01-15 | RBC Capital | Outperform | Maintains | |
| 2013-11-11 | Sbank | 58 | Maintains | |
| 2013-11-11 | Canaccord Genuity | Hold | Maintains | |
| 2013-11-04 | Sbank | 56 | Maintains | |
| 2013-10-21 | Barclays | Equal Weight | Maintains | |
| 2013-08-02 | TD Securities | Hold | Maintains | |
| 2013-08-02 | CIBC World Markets | Sector Perform | Maintains | |
| 2013-08-02 | Canaccord Genuity | Hold | Maintains | |
| 2013-05-06 | Canaccord Genuity | 47 | Maintains | |
| 2013-05-06 | BMO Capital Markets | At Market Perform | Maintains | |
| 2013-05-03 | National Bank Financial | Sector Perform | Maintains | |
| 2013-04-18 | CIBC World Markets | 47 | Maintains | |
| 2013-02-11 | Sbank | 50 | Maintains | |
| 2013-02-11 | RBC Capital | Sector Perform | Maintains | |
| 2013-01-25 | Canaccord Genuity | 44 | Maintains | |
| 2023-04-04 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-04-03 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-02-13 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-08-05 | TD SECURITIES | Buy | Buy | Maintains |
| 2022-02-11 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-05-03 | TD SECURITIES | Hold | Buy | Upgrade |
| 2023-05-02 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-05-02 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-03 | TD SECURITIES | Buy | Hold | Downgrade |
| 2022-08-04 | TD SECURITIES | Buy | Buy | Maintains |
| 2022-02-10 | DESJARDINS SECURITIES | Hold | Hold | Maintains |
| 2023-08-07 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-02 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-01 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-06 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-04 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-11-01 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-08 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-03 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-02 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-05-04 | TD SECURITIES | Hold | Buy | Upgrade |
| 2023-05-03 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-05-03 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-08-07 | TD COWEN | Buy | Buy | Maintains |
| 2024-07-28 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-05-04 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-02-19 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-05 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-03 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-10-31 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-11-10 | TD COWEN | Buy | Buy | Maintains |
| 2024-10-28 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-02-08 | TD COWEN | Buy | Buy | Maintains |
| 2025-02-08 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-02-05 | JEFFERIES | Hold | Hold | Maintains |
| 2025-02-05 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-05-08 | TD COWEN | Buy | Buy | Maintains |
| 2025-05-07 | JEFFERIES | Hold | Hold | Maintains |
| 2025-05-07 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
