IGM Financial (TSE:IGM) Releases Earnings Results

IGM Financial (TSE:IGM) issued its quarterly earnings data on Wednesday. The financial services provider reported C$1.41 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.07 million for the quarter. IGM Financial had a net margin of 29.97% and a return on equity of 13.19%.

IGM Financial Trading Up 5.5%

Shares of TSE:IGM opened at C$86.44 on Friday. The company has a 50 day moving average of C$81.02 and a 200-day moving average of C$73.09. The firm has a market cap of C$20.09 billion, a P/E ratio of 17.79, a P/E/G ratio of 4.09 and a beta of 1.03. IGM Financial has a twelve month low of C$44.69 and a twelve month high of C$87.99. The company has a current ratio of 1.36, a quick ratio of 0.31 and a debt-to-equity ratio of 81.91.

IGM Financial Dividend Announcement

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

Insider Activity at IGM Financial

In other IGM Financial news, Director Douglas Milne sold 6,620 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$76.98, for a total value of C$509,607.60. Following the completion of the sale, the director directly owned 1,036 shares in the company, valued at C$79,751.28. This represents a 86.47% decrease in their ownership of the stock. Also, Director J. Luke Gould sold 11,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were 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 approximately C$693,840. The trade was a 55.42% decrease in their ownership of the stock. Insiders have sold 144,039 shares of company stock worth $11,327,486 over the last quarter. 66.58% of the stock is currently owned by company insiders.

Key Stories Impacting IGM Financial

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

• Positive Sentiment: TD raised its price target to C$94 from C$92 and upgraded IGM to “buy,” implying additional upside from the recent trading level. The upgrade provides a positive signal about the company’s earnings outlook and valuation. BayStreet analyst ratings
• Positive Sentiment: IGM reported quarterly EPS of C$1.41, alongside a 29.97% net margin and 13.19% return on equity. The profitability metrics reinforce the investment case for the wealth-management and financial-services company, although the available report does not state whether EPS exceeded consensus estimates. IGM Financial quarterly press release
• Positive Sentiment: Scotiabank increased its target to C$87 from C$84 while maintaining a “sector perform” rating. Although the revised target indicates limited near-term upside, the increase still reflects improved valuation expectations. Scotiabank analyst rating
• Neutral Sentiment: IG Wealth’s parent plans to sell its Winnipeg headquarters and relocate to leased space at Portage and Main. Selling the property could unlock capital and reduce real-estate ownership responsibilities, but the ongoing lease expense and financial impact were not disclosed. MSN article on IGM headquarters sale
• Negative Sentiment: The reported average brokerage target of C$77.75 remains below IGM’s recent share price, indicating that some analysts still view the stock as fully valued or expect less upside than the newest TD and Scotiabank targets. Brokerage average target article

Analyst Ratings Changes

Several research analysts have commented on IGM shares. National Bank Financial upped their target price on shares of IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank Of Canada boosted their price objective on IGM Financial from C$77.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Monday, July 13th. TD increased their price objective on IGM Financial from C$92.00 to C$94.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets raised their target price on IGM Financial from C$72.00 to C$80.00 in a research report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce raised their target price on IGM Financial from C$79.00 to C$85.00 in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$80.88.

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.