IGM Financial Inc. (TSE:IGM) Director Jean-Claude Bachand acquired 1,000 shares of IGM Financial stock in a transaction on Tuesday, December 5th. The shares were bought at an average cost of C$44.35 per share, for a total transaction of C$44,350.00.

Shares of IGM Financial Inc. (TSE IGM) traded down C$0.01 during trading hours on Wednesday, hitting C$44.46. The company’s stock had a trading volume of 129,585 shares, compared to its average volume of 240,102. IGM Financial Inc. has a fifty-two week low of C$37.65 and a fifty-two week high of C$45.82.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.563 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.25 annualized dividend and a dividend yield of 5.07%. IGM Financial’s dividend payout ratio (DPR) is presently 69.02%.

Several equities research analysts have weighed in on IGM shares. BMO Capital Markets reissued an “outperform” rating and set a C$47.00 price objective on shares of IGM Financial in a research note on Monday, September 18th. Barclays boosted their price objective on IGM Financial from C$41.00 to C$44.00 in a research note on Monday, October 30th. Desjardins boosted their price objective on IGM Financial from C$48.00 to C$50.00 in a research note on Tuesday, October 31st. TD Securities raised IGM Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$48.00 to C$52.00 in a research note on Monday, November 6th. Finally, Scotiabank boosted their price objective on IGM Financial from C$47.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. IGM Financial has an average rating of “Hold” and an average price target of C$46.06.

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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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