- IGM Financial reports assets under management (AUM) of C$258.14 billion as of the latest month.
- This represents a decrease of 1.1% from the previous month’s C$261.11 billion.
- Combined assets under management and advisement stand at C$275.03 billion, also reflecting a 1.1% monthly drop.
- Net inflows for the period are recorded at C$3.3 billion, a significant increase from the previous month’s C$924 million.
- The company’s shares have declined by 4.7%, settling at C$41.26, with 214,270 shares traded.
- There are 3 buy recommendations and 4 hold recommendations on the company’s shares, with no sell recommendations noted.
A look at Igm Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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., a leading personal financial planning services provider in Canada, has received favorable Smart Scores across various factors. With an impressive 4 out of 5 in both Value and Dividend scores, the company indicates strong potential for investors seeking stability and income generation. While Growth and Momentum scores are slightly lower at 3, IGM Financial’s commitment to delivering consistent returns and dividends remains evident. However, with a Resilience score of 2, there may be some concerns regarding the company’s ability to weather market disruptions.
Overall, IGM Financial’s Smart Scores paint a picture of a fundamentally sound company with a focus on value and dividends. Investors looking for reliable long-term prospects may find IGM Financial appealing, given its established presence in offering mutual funds, Guaranteed Investment Certificates, insurance products, and mortgage loans across Canada.
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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