National Bank Financial Research Analysts Lift Earnings Estimates for IGM Financial Inc. (TSE:IGM)

National Bank Financial Research Analysts Lift Earnings Estimates for IGM Financial Inc. (TSE:IGM)

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IGM Financial Inc. (TSE:IGM – Get Rating) – Equities research analysts at Countrywide Bank Fiscal upped their FY2024 earnings for each share estimates for shares of IGM Economical in a analysis report issued on Thursday, February 9th. Countrywide Financial institution Monetary analyst J. Gloyn now anticipates that the monetary products and services supplier will write-up earnings for each share of $4.16 for the yr, up from their prior estimate of $4.08. The consensus estimate for IGM Financial’s current complete-12 months earnings is $3.58 per share.

A variety of other brokerages also a short while ago commented on IGM. BMO Money Marketplaces greater their price tag objective on IGM Monetary from C$44.00 to C$45.00 in a investigation report on Friday. Royal Lender of Canada lowered their concentrate on cost on IGM Fiscal from C$44.00 to C$42.00 in a report on Monday, October 24th. National Bankshares amplified their focus on value on IGM Fiscal from C$45.00 to C$48.00 and gave the organization an “outperform” rating in a report on Friday. Scotiabank elevated their price objective on IGM Money from C$45.00 to C$47.00 in a report on Friday. Ultimately, Barclays improved their rate goal on IGM Economic from C$36.00 to C$38.00 in a report on Monday, January 23rd.

IGM Economical Cost Performance

Shares of TSE:IGM opened at C$41.73 on Monday. IGM Monetary has a one yr small of C$33.45 and a just one 12 months higher of C$46.36. The inventory has a fifty working day relocating ordinary of C$39.75 and a 200-working day relocating ordinary of C$37.89. The enterprise has a current market capitalization of C$9.92 billion and a PE ratio of 11.01. The corporation has a debt-to-equity ratio of 37.43, a rapid ratio of .31 and a present-day ratio of 2.08.

IGM Financial Dividend Announcement

The organization also just lately disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of document on Tuesday, January 31st were provided a $.563 dividend. The ex-dividend day was Thursday, December 29th. This signifies a $2.25 annualized dividend and a yield of 5.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. IGM Financial’s dividend payout ratio is at the moment 59.37{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About IGM Financial

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IGM Monetary Inc operates as a wealth and asset administration enterprise in Canada. It operates through Prosperity Management, Asset Management, and Strategic Investments and Other segments. The corporation provides economic advisory expert services IG Dwelling Approach that offers money arranging companies, this kind of as financial commitment motor vehicles, insurance plan items, property finance loan and banking solutions, and charitable providing program IG Prosperity Management Advisor Portal, a client relationship management system and IG Prosperity Management’s dealer system, which offers elevated automation and supports the two MFDA and IIROC accredited advisors, as very well as new products on its financial investment vendor system.

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