IGM FInancial is a leading diversified wealth and asset management company. It is a member of the Power Financial Corporation group of companies and is one of Canada’s largest distributors of mutual funds and other managed asset products.
IGM has a presence throughout North America, Europe and Asia and caters to both individual and institutional investors, and advisors. The firm manages assets worth $161 billion at present.
IGM FInancial operates through IG Wealth Management, Mackenzie Investments, Investment Planning Counsel and strategic investments businesses and provides a broad range of financial and investment planning services to its clients. IGM is well positioned to tap the growth opportunities across Canada, China and Fintech through its diverse range of products, solutions, and geographies.
Stock Chart & Metrics
- Ticker: tse:igm
- Sector: Financial Services
- Industry: Asset Management
- Market Cap: 9.27B
- Market Cap Group: Mid Cap
- P/E: 9.04
- Dividend Yield: 5.78%
- Grade: B
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 2/10
- Dividend Income Fit: 8/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| BAM.A | TSE:BAM.A | Brookfield Asset Management | 101.83 | 22.95 | 1.20 | YES | 1 | 7 | 17 |
| BLK | NYSE:BLK | BlackRock | 100.69 | 19.91 | 2.97 | NO | 1 | 7 | 17 |
| BN | TSE:BN | Brookfield Corp | 70.21 | 76.83 | 0.89 | YES | 1 | 7 | 17 |
| AMP | NYSE:AMP | Ameriprise Financial, Inc. | 32.20 | 11.70 | 1.75 | NO | 1 | 7 | 17 |
| BK | NYSE:BK | Bank of New York Mellon Corporation | 32.18 | 10.32 | 3.63 | NO | 1 | 7 | 17 |
| TROW | NASDAQ:TROW | T. Rowe Price Group, Inc. | 23.95 | 15.06 | 4.58 | YES | 1 | 7 | 17 |
| BAM | TSE:BAM | Brookfield Asset Management | 17.44 | 6.17 | 4.12 | YES | 1 | 7 | 17 |
| BEN | NYSE:BEN | Franklin Resources, Inc. | 12.33 | 9.05 | 4.88 | YES | 1 | 7 | 17 |
| IGM | TSE:IGM | IGM Financial | 9.27 | 9.04 | 5.78 | NO | 1 | 7 | 17 |
| BIPC | TSE:BIPC | Brookfield Infrastructure Partners | 7.08 | 4.76 | 3.26 | NO | 1 | 7 | 17 |
| IVZ | NYSE:IVZ | Invesco Ltd. | 6.82 | 9.93 | 5.37 | NO | 1 | 7 | 17 |
| ONEX | TSE:ONEX | ONEX Corporation | 5.03 | 0.00 | 0.64 | NO | 1 | 7 | 17 |
| CIX | TSE:CIX | CI Financial | 2.45 | 13.11 | 5.47 | NO | 1 | 7 | 17 |
| EIT.UN | TSE:EIT.UN | Canoe EIT Income Fund | 2.11 | 7.68 | 9.51 | NO | 1 | 7 | 17 |
| SII | TSE:SII | Sprott | 1.18 | 46.51 | 2.98 | NO | 1 | 7 | 17 |
| GCG | TSE:GCG | Guardian Capital Group | 1.14 | 0.00 | 3.11 | NO | 1 | 7 | 17 |
| AD.UN | TSE:AD.UN | Alaris Equity Partners | 0.71 | 6.90 | 8.70 | NO | 1 | 7 | 17 |
| FSZ | TSE:FSZ | Fiera Capital Corp | 0.55 | 35.56 | 13.05 | YES | 1 | 7 | 17 |
| AGF.B | TSE:AGF.B | AGF Management | 0.45 | 6.65 | 6.39 | NO | 1 | 7 | 17 |
| CLP.UN | TSE:CLP.UN | International Clean Power | 0.12 | 0.00 | 7.10 | NO | 1 | 7 | 17 |
| BGI.UN | TSE:BGI.UN | Brookfield Glbl Infrstrctr Scrty Incm Fd | 0.08 | 21.20 | 13.92 | NO | 1 | 7 | 17 |
| MID.UN | TSE:MID.UN | Mint Inc | 0.08 | 11.03 | 7.44 | NO | 1 | 7 | 17 |
| RBN.UN | TSE:RBN.UN | Blue Ribbon Income Fund | 0.07 | 0.00 | 6.46 | NO | 1 | 7 | 17 |
| INC.UN | TSE:INC.UN | Income Financial | 0.03 | 0.00 | 11.28 | NO | 1 | 7 | 17 |
| MDS.UN | TSE:MDS.UN | Healthcare Special Opportunities Fund | 0.02 | 0.00 | 2.01 | NO | 1 | 7 | 17 |
| MMP.UN | TSE:MMP.UN | Precious Metals | 0.02 | 0.00 | 6.03 | NO | 1 | 7 | 17 |
| BSO.UN | TSE:BSO.UN | Brookfield Select Opportunities | 0.01 | 0.00 | 37.97 | NO | 1 | 7 | 17 |
| CIQ.UN | TSE:CIQ.UN | Canadian High Income | 0.01 | 0.00 | 6.89 | NO | 1 | 7 | 17 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.
IGM Financial - FAQ
What is the stock ticker for IGM Financial?
The stock ticker for IGM Financial is TSE:igm.
Is IGM Financial a good stock to buy?
You need to consider your investment strategy and how TSE:igm can fit in your portfolio.
The current dividend income score of 8/10 and dividend growth score of 2/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is IGM Financial a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 53 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for IGM Financial?
You can easily buy the IGM stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.