IGM Financial Inc IGIFF
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
Trading Information
- Previous Close Price
- $26.10
- Day Range
- $24.61–24.77
- 52-Week Range
- $22.14–31.56
- Bid/Ask
- $18.06 / $32.20
- Market Cap
- $5.90 Bil
- Volume/Avg
- 15,564 / 15,913
Key Statistics
- Price/Earnings (Normalized)
- 9.54
- Price/Sales
- 2.53
- Dividend Yield (Trailing)
- 6.97%
- Dividend Yield (Forward)
- 4.64%
- Total Yield
- 7.34%
Company Profile
IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.
- Sector
- Financial Services
- Industry
- Asset Management
- Stock Style Box
- Mid Value
- Total Number of Employees
- 3,651
- Website
- https://www.igmfinancial.com
Competitors
Valuation
|
Metric
|
IGIFF
|
IVZ
|
AGF.B
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.54 | 9.62 | 6.40 |
Price/Book Value | 1.19 | 0.45 | 0.47 |
Price/Sales | 2.53 | 1.14 | 1.22 |
Price/Cash Flow | 10.09 | 4.91 | 6.59 |
Price/Earnings
IGIFF
IVZ
AGF.B
Financial Strength
|
Metric
|
IGIFF
|
IVZ
|
AGF.B
|
|---|---|---|---|
Quick Ratio | 2.31 | 2.30 | 1.69 |
Current Ratio | 3.46 | 2.30 | 1.73 |
Interest Coverage | 10.29 | −3.05 | 26.22 |
Quick Ratio
IGIFF
IVZ
AGF.B
Profitability
|
Metric
|
IGIFF
|
IVZ
|
AGF.B
|
|---|---|---|---|
Return on Assets (Normalized) | 2.91% | 2.34% | 5.22% |
Return on Equity (Normalized) | 8.76% | 6.19% | 6.80% |
Return on Invested Capital (Normalized) | 4.78% | 2.82% | 6.43% |
Return on Assets
IGIFF
IVZ
AGF.B
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