IGM Financial Inc. (IGM) Hits New 12-Month High at $43.05
IGM Financial Inc. (TSE:IGM) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$43.05 and last traded at C$42.92, with a volume of 95,610 shares traded. The stock had previously closed at C$42.53.
IGM has been the subject of several research reports. BMO Capital Markets reissued a “market perform” rating and issued a C$45.00 target price on shares of IGM Financial in a research report on Friday, August 4th. Barclays PLC upped their price target on IGM Financial from C$39.10 to C$41.00 in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. IGM Financial currently has an average rating of “Hold” and an average target price of C$42.44.
The company has a market cap of $10.52 billion and a P/E ratio of 13.01. The firm has a 50 day moving average of $41.59 and a 200-day moving average of $40.73.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a $0.563 dividend. This is an increase from IGM Financial’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, September 28th. This represents a $2.25 dividend on an annualized basis and a yield of 5.15%.
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About IGM Financial
IGM Financial Inc is a Canada-based financial services company. The Company’s principal businesses are Investors Group Inc and Mackenzie Financial Corporation, which operate within the advice segment of the financial services market. It operates in three segments: Investors Group, Mackenzie Investments, and Corporate and Other.
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