IGM Financial (TSE:IGM) Price Target Raised to C$94.00

IGM Financial (TSE:IGM) had its price objective hoisted by TD from C$92.00 to C$94.00 in a report issued on Thursday,BayStreet.CA reports. TD currently has a buy rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Scotiabank boosted their target price on IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday. Royal Bank Of Canada raised their price target on IGM Financial from C$77.00 to C$80.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce lifted their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. National Bank Financial upped their price objective on shares of IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, BMO Capital Markets increased their price objective on shares of IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$82.00.

IGM Financial Price Performance

Shares of TSE IGM opened at C$87.16 on Thursday. The business’s 50 day moving average price is C$81.22 and its two-hundred day moving average price is C$73.19. The company has a market cap of C$20.26 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 82.59. IGM Financial has a twelve month low of C$44.69 and a twelve month high of C$87.99.

IGM Financial (TSE:IGM) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The firm had revenue of C$1.07 million for the quarter. On average, analysts predict that IGM Financial will post 4.006816 EPS for the current year.

IGM Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were paid a dividend of $0.62 per share. The ex-dividend date was Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.8%. IGM Financial’s dividend payout ratio (DPR) is 47.48%.

Insider Transactions at IGM Financial

In other IGM Financial news, Director J. Luke Gould sold 11,000 shares of the company’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 transaction, the director directly owned 8,850 shares of the company’s stock, valued at C$693,840. This represents a 55.42% decrease in their position. Also, Director Douglas Milne sold 6,620 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$76.98, for a total value of C$509,607.60. Following the completion of the transaction, the director directly owned 1,036 shares in the company, valued at approximately C$79,751.28. This represents a 86.47% decrease in their ownership of the stock. Over the last quarter, insiders have sold 144,039 shares of company stock worth $11,327,486. Company insiders own 66.58% of the company’s stock.

Trending Headlines about IGM Financial

Here are the key news stories impacting IGM Financial this week:

• Positive Sentiment: IGM Financial reported C$263 million in second-quarter net earnings, providing a fundamental catalyst for the recent strength in the shares. IGM posts $263M in Q2 net earnings
• Positive Sentiment: TD raised its price target on IGM from C$92 to C$94 and maintained a “buy” rating, implying further potential upside based on the cited reference price. TD raises IGM price target
• Positive Sentiment: Royal Bank of Canada increased its target from C$80 to C$89 while retaining a “sector perform” rating, signaling improved valuation expectations despite a more cautious recommendation. Analyst ratings
• Positive Sentiment: Scotiabank lifted its target from C$84 to C$87 and kept a “sector perform” rating, modestly improving its valuation outlook. Analyst ratings
• Neutral Sentiment: Mackenzie Investments is reducing the number of investment teams as part of an artificial-intelligence initiative. The move could improve long-term efficiency and margins, but restructuring and execution risks may limit the immediate benefit. Mackenzie reduces number of investment teams as part of AI push
• Neutral Sentiment: IGM plans to sell its Winnipeg headquarters and move into leased space at Portage and Main. Proceeds and lower property-related costs could help, although the transaction also reflects a shift toward leasing rather than owning corporate real estate. IGM Financial to sell off Winnipeg headquarters

IGM Financial Company Profile

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.