IGM Financial Q2 EPS Cut by National Bank Financial

IGM Financial Inc. (TSE:IGM) – Research analysts at National Bank Financial dropped their Q2 2025 earnings estimates for shares of IGM Financial in a research report issued on Monday, July 28th. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will earn $0.98 per share for the quarter, down from their previous estimate of $1.03. The consensus estimate for IGM Financial’s current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for IGM Financial’s Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.15 EPS and FY2025 earnings at $4.27 EPS.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group boosted their target price on shares of IGM Financial from C$42.00 to C$46.00 in a research note on Wednesday. National Bankshares increased their target price on IGM Financial from C$54.00 to C$56.00 and gave the company an “outperform” rating in a report on Tuesday. BMO Capital Markets cut their price target on IGM Financial from C$47.00 to C$46.00 in a research note on Monday, May 12th. Royal Bank Of Canada raised shares of IGM Financial to a “hold” rating and set a C$46.00 price objective on the stock in a report on Wednesday, June 18th. Finally, Scotiabank boosted their target price on shares of IGM Financial from C$49.00 to C$51.00 in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$50.14.

IGM Financial Stock Down 0.3%

IGM opened at C$46.10 on Wednesday. IGM Financial has a twelve month low of C$35.33 and a twelve month high of C$47.96. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. The firm has a 50 day moving average price of C$43.87 and a 200-day moving average price of C$43.97. The stock has a market capitalization of C$10.99 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 4.09 and a beta of 1.53.

IGM Financial Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 4.88%. The ex-dividend date is Monday, June 30th. IGM Financial’s dividend payout ratio is currently 57.64%.

About IGM Financial

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, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.