Canada's IGM Financial Q2 adjusted EPS beats estimates, AUM up 12.5%

Igm Financial

06/08/2025 22:22

Overview

IGM Financial Q2 adjusted EPS beats analyst expectations, per LSEG data

Record high Q2 adjusted net earnings of C$252.7 mln, up 14.7% yr/yr

Record high assets under management and advisement of C$283.9 bln, up 12.5% yr/yr

Outlook

IGM Financial emphasizes strong position for growth due to high asset levels

Result Drivers

ASSET GROWTH - Record high assets under management and advisement reached C$283.9 bln, up 12.5% yr/yr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
C$1.07
C$1 (5 Analysts)
Q2 EPS
C$1.04
Q2 Net Income
C$246.70 mln
Q2 Assets Under Management
C$283.90 bln
Q2 Dividend
C$0.5625


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for IGM Financial Inc is C$51.00, about 8.9% above its August 5 closing price of C$46.47

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nCNWbj0Q7a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)