Shares of IGM Financial Inc. (TSE:IGM – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$43.71.
A number of research analysts recently commented on the stock. BMO Capital Markets decreased their price target on shares of IGM Financial from C$40.00 to C$39.00 in a research note on Friday, August 9th. National Bankshares increased their target price on shares of IGM Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. TD Securities increased their target price on shares of IGM Financial from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Jefferies Financial Group increased their target price on shares of IGM Financial from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Scotiabank increased their target price on shares of IGM Financial from C$45.00 to C$46.00 in a research report on Wednesday, July 24th.
Read Our Latest Analysis on IGM
IGM Financial Stock Up 0.1 %
IGM Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.563 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.25 annualized dividend and a dividend yield of 5.80%. IGM Financial’s dividend payout ratio is 63.38%.
IGM Financial Company Profile
IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.
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