IGM Financial (TSE:IGM) Given New C$80.00 Price Target at BMO Capital Markets

IGM Financial (TSE:IGM) had its price objective raised by BMO Capital Markets from C$72.00 to C$80.00 in a research note published on Wednesday,BayStreet.CA reports.

Several other brokerages have also commented on IGM. Canadian Imperial Bank of Commerce increased their price objective on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Scotiabank upped their target price on IGM Financial from C$69.00 to C$76.00 in a research note on Tuesday, April 28th. TD increased their price target on shares of IGM Financial from C$80.00 to C$86.00 and gave the company a “buy” rating in a research report on Monday, May 11th. National Bank Financial lifted their price target on shares of IGM Financial from C$82.00 to C$85.00 in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada boosted their price objective on shares of IGM Financial from C$77.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, IGM Financial presently has a consensus rating of “Hold” and an average target price of C$77.75.

IGM Financial Price Performance

Shares of TSE:IGM opened at C$87.01 on Wednesday. The firm has a market capitalization of C$20.23 billion, a PE ratio of 17.90, a P/E/G ratio of 4.09 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 1.36 and a debt-to-equity ratio of 81.91. The company has a 50-day moving average price of C$79.48 and a two-hundred day moving average price of C$71.42. IGM Financial has a twelve month low of C$42.64 and a twelve month high of C$87.77.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%. The firm had revenue of C$1.00 million for the quarter. Equities analysts forecast that IGM Financial will post 4.006816 EPS for the current year.

IGM Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 31st will be issued a $0.62 dividend. The ex-dividend date is Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a yield of 2.9%. IGM Financial’s dividend payout ratio is 47.48%.

Insider Activity at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 11,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$78.40, for a total value of C$862,400.00. Following the sale, the director directly owned 8,850 shares of the company’s stock, valued at approximately C$693,840. The trade was a 55.42% decrease in their ownership of the stock. Also, insider Rhonda Goldberg sold 3,347 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$77.10, for a total transaction of C$258,053.70. Following the completion of the transaction, the insider owned 6,052 shares in the company, valued at approximately C$466,609.20. The trade was a 35.61% decrease in their position. Insiders sold a total of 144,039 shares of company stock valued at $11,327,486 in the last three months. Company insiders own 66.58% of the company’s stock.

About IGM Financial

Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $244 billion (CAD) in assets under management as of December 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London.