IGM Financial Inc. (TSE:IGM) – Research analysts at Desjardins increased their FY2018 earnings estimates for shares of IGM Financial in a note issued to investors on Friday. Desjardins analyst G. Ho now expects that the financial services provider will earn $3.54 per share for the year, up from their prior estimate of $3.52.

Other equities analysts have also issued reports about the stock. Barclays PLC raised their price target on shares of IGM Financial from C$41.00 to C$44.00 in a research report on Monday, October 30th. BMO Capital Markets reissued a “market perform” rating and set a C$45.00 price target on shares of IGM Financial in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. IGM Financial presently has an average rating of “Hold” and a consensus price target of C$43.94.

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IGM Financial (IGM) traded up C$0.47 on Monday, reaching C$44.96. 156,049 shares of the company’s stock were exchanged, compared to its average volume of 176,713. IGM Financial has a 12 month low of C$35.64 and a 12 month high of C$45.82.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Thursday, December 28th.

IGM Financial Company Profile

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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