Brokers Offer Predictions for IGM Financial Inc.’s FY2017 Earnings (IGM)
IGM Financial Inc. (TSE:IGM) – Equities researchers at Desjardins boosted their FY2017 earnings per share estimates for IGM Financial in a research report issued on Tuesday. Desjardins analyst G. Ho now anticipates that the financial services provider will earn $3.18 per share for the year, up from their previous forecast of $3.17. Desjardins also issued estimates for IGM Financial’s FY2018 earnings at $3.52 EPS.
Other equities research analysts have also issued research reports about the company. Barclays PLC lifted their price objective on IGM Financial from C$41.00 to C$44.00 in a research note on Monday. BMO Capital Markets reissued a “market perform” rating and set a C$45.00 price objective on shares of IGM Financial in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. IGM Financial has an average rating of “Hold” and a consensus target price of C$43.94.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were paid a dividend of $0.563 per share. This is a positive change from IGM Financial’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.25 annualized dividend and a yield of 4.95%.
IGM Financial Company Profile
IGM Financial Inc is a Canada-based financial services company. The Company’s principal businesses are Investors Group Inc and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.
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