IGM Financial (TSE:IGM) Director J. Luke Gould Sells 6,900 Shares of Stock

IGM Financial Inc. (TSE:IGM) Director J. Luke Gould sold 6,900 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of C$87.97, for a total value of C$606,993.00.

J. Luke Gould also recently made the following trade(s):

• On Friday, September 18th, J. Luke Gould sold 900 shares of IGM Financial stock. The stock was sold at an average price of C$87.99, for a total value of C$79,191.00.
• On Friday, September 18th, J. Luke Gould sold 2,160 shares of IGM Financial stock. The shares were sold at an average price of C$87.98, for a total value of C$190,036.80.

IGM Financial Stock Performance

Shares of IGM stock traded down C$1.23 on Monday, hitting C$87.99. 144,712 shares of the stock were exchanged, compared to its average volume of 453,633. The firm’s 50 day moving average is C$86.86 and its two-hundred day moving average is C$78.50. IGM Financial Inc. has a one year low of C$50.06 and a one year high of C$92.01. The firm has a market capitalization of C$20.32 billion, a PE ratio of 17.81, a P/E/G ratio of 4.09 and a beta of 0.93. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 82.59.

IGM Financial (TSE:IGM) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 EPS for the quarter. The business had revenue of C$1.07 million for the quarter. IGM Financial had a net margin of 29.82% and a return on equity of 12.91%. Sell-side analysts expect that IGM Financial Inc. will post 4.006816 earnings per share for the current fiscal year.

IGM Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 28th. IGM Financial’s payout ratio is currently 47.87%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. National Bank Financial lifted their price target on IGM Financial from C$85.00 to C$91.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Royal Bank Of Canada lifted their target price on IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. BMO Capital Markets increased their price target on shares of IGM Financial from C$72.00 to C$80.00 in a report on Wednesday, July 15th. TD raised their price objective on shares of IGM Financial from C$92.00 to C$94.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Scotiabank upped their target price on shares of IGM Financial from C$84.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$82.00.

IGM Financial Company Profile

Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $244 billion (CAD) in assets under management as of December 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London.