- IGM Financial reported total assets under management of C$249.29 billion, marking a month-over-month increase of 1.8%.
- Assets under management and advisement reached C$264.9 billion, reflecting a 1.7% increase month-over-month.
- The company experienced net outflows amounting to C$192 million, which represents a 37% increase from the previous month.
- Analysts provided ratings of 3 buys and 4 holds, with no sell recommendations.
A look at Igm Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
IGM Financial, Inc. is positioned well for the long-term, according to Smartkarma Smart Scores. With a strong Value score and a solid Dividend rating, the company demonstrates financial stability and attractive investment potential. Furthermore, its Momentum score indicates positive market momentum, showcasing investor interest and confidence in the company’s future prospects. Despite a slightly lower Growth score and moderate Resilience rating, IGM Financial shows promise for sustained growth and income generation in the foreseeable future.
With a diversified range of personal financial planning services, including mutual funds, Guaranteed Investment Certificates, insurance products, and mortgage loans, IGM Financial functions across Canada. Investors can take note of the company’s overall positive outlook as indicated by the Smartkarma Smart Scores, highlighting the company’s solid positioning in the market and its ability to deliver value and dividends to shareholders in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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