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.
Trading Information
- Previous Close Price
- $28.16
- Day Range
- $28.40–28.49
- 52-Week Range
- $22.14–31.53
- Bid/Ask
- $25.30 / $32.20
- Market Cap
- $6.76 Bil
- Volume/Avg
- 824 / 18,665
Key Statistics
- Price/Earnings (Normalized)
- 10.83
- Price/Sales
- 2.82
- Dividend Yield (Trailing)
- 5.84%
- Dividend Yield (Forward)
- 5.71%
- Total Yield
- 5.93%
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 holds a 62% equity stake in IGM Financial as well as stakes in 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 IG Wealth Management subsidiary)—that provide investment management products and services. At the end of May 2024, IGM Financial had CAD 236.4 billion in AUM (including CAD 79.2 billion in AUM that was being managed for its IG Wealth Management arm) at Mackenzie Investments, CAD 113.8 billion in assets under advisement at its IG Wealth Management subsidiary, and CAD 14.7 billion in other AUA.
- 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
|
AGF.B
|
CIX
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.83 | 6.48 | 5.33 |
Price/Book Value | 1.33 | 0.50 | 2.96 |
Price/Sales | 2.82 | 1.21 | 0.88 |
Price/Cash Flow | 10.99 | 7.03 | 5.46 |
Price/Earnings
IGIFF
AGF.B
CIX
Financial Strength
|
Metric
|
IGIFF
|
AGF.B
|
CIX
|
|---|---|---|---|
Quick Ratio | 2.25 | 1.55 | 0.12 |
Current Ratio | 3.38 | 1.58 | 0.33 |
Interest Coverage | 8.80 | 20.08 | 0.84 |
Quick Ratio
IGIFF
AGF.B
CIX
Profitability
|
Metric
|
IGIFF
|
AGF.B
|
CIX
|
|---|---|---|---|
Return on Assets (Normalized) | 4.53% | 4.60% | 2.03% |
Return on Equity (Normalized) | 13.28% | 6.16% | 16.36% |
Return on Invested Capital (Normalized) | 6.91% | 5.81% | 7.02% |
Return on Assets
IGIFF
AGF.B
CIX
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