IGM Financial FY2025 EPS Boosted by National Bank Financial

IGM Financial Inc. (TSE:IGM) – National Bank Financial boosted their FY2025 earnings per share (EPS) estimates for IGM Financial in a research report issued to clients and investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $4.44 for the year, up from their previous forecast of $4.43. The consensus estimate for IGM Financial’s current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for IGM Financial’s FY2026 earnings at $4.83 EPS.

Several other research firms have also recently commented on IGM. National Bankshares increased their price target on IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Securities raised their target price on IGM Financial from C$46.00 to C$50.00 in a research note on Monday, November 11th. Scotiabank raised their target price on IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. CIBC raised their target price on IGM Financial from C$47.00 to C$50.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$49.29.

IGM Financial Price Performance

TSE:IGM opened at C$44.37 on Tuesday. IGM Financial has a one year low of C$32.95 and a one year high of C$47.96. The company has a debt-to-equity ratio of 35.99, a quick ratio of 0.31 and a current ratio of 2.12. The stock has a market cap of C$10.50 billion, a PE ratio of 12.50, a P/E/G ratio of 4.09 and a beta of 1.53. The stock has a 50 day moving average price of C$46.16 and a 200 day moving average price of C$42.50.

IGM Financial (TSE:IGM) last released its earnings results on Thursday, November 7th. The financial services provider reported C$1.01 earnings per share for the quarter, missing the consensus estimate of C$1.03 by C($0.02). IGM Financial had a net margin of 29.47% and a return on equity of 12.80%. During the same period in the previous year, the company posted $0.89 earnings per share.

IGM Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.563 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.25 dividend on an annualized basis and a yield of 5.08%. IGM Financial’s dividend payout ratio (DPR) is presently 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.