IGM Financial (TSE:IGM) Reaches New 1-Year High After Analyst Upgrade

IGM Financial Inc. (TSE:IGM)’s share price reached a new 52-week high during trading on Thursday after Royal Bank Of Canada raised their price target on the stock from C$80.00 to C$89.00. Royal Bank Of Canada currently has a sector perform rating on the stock. IGM Financial traded as high as C$86.80 and last traded at C$87.32, with a volume of 371790 shares traded. The stock had previously closed at C$81.93.

Several other equities analysts also recently weighed in on the company. National Bank Financial raised their target price on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Scotiabank increased their price objective on IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets raised their price objective on IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. TD lifted their target price on shares of IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$82.00.

Insider Transactions at IGM Financial

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

Key IGM Financial News

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 Stock Up 0.8%

The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The company has a market capitalization of C$20.26 billion, a PE ratio of 17.93, a P/E/G ratio of 4.09 and a beta of 1.03. The business’s 50 day simple moving average is C$81.22 and its 200 day simple moving average is C$73.19.

IGM Financial (TSE:IGM) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share (EPS) for the quarter. The business had revenue of C$1.07 million during the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. As a group, analysts anticipate that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.

IGM Financial Announces Dividend

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

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.