09:52:28 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



IGM Financial Inc
Symbol IGM
Shares Issued 238,041,916
Close 2023-06-19 C$ 40.36
Market Cap C$ 9,607,371,730
Recent Sedar Documents

Inv Reporter says buy IGM Financial

2023-06-19 20:09 ET - In the News

The Investment Reporter, in its June 9, 2023, issue, says buy IGM Financial Inc., recently $39.08. The Reporter said buy 23 times from Sept. 28, 1998, to Nov. 25, 2022, at prices ranging from $18.20 to $52.22. Assuming an investment of $1,000 for each of the 23 buys, the $23,000 position would now be worth $27,746. IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies. IGM has purchased an approximate 20.5-per-cent interest in Rockefeller Capital Management for about $622-million (U.S.). For the three months ended March 31, 2023, IGM had adjusted earnings of $206.5-million, or 87 cents a share, compared with adjusted earnings of $219.3-million, or 91 cents a share, in the same period of 2022. Market volatility has weighed on investor sentiment, resulting in net outflows compared with last year. IGM shares trade at just 10.7 times this year's forecast earnings of $3.65 a share. The company pays a dividend of $2.25 a share, equal to an attractive yield of 5.8 per cent. The Reporter says buy IGM Financial for long-term growth and income.

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