Canada's IGM Financial Q4 adjusted EPS beats expectations, dividend up 10%

Igm Financial

12/02/2026 22:12

Corrects KD table to clarify the AUM figure is for Mackenzie Investments, not for the whole company

Overview

Canada wealth manager's Q4 adjusted EPS beat analyst expectations, rising 21% yr/yr

Company announced 10% increase in quarterly dividend

Assets under management and advisement grew 14.7% yr/yr

Outlook

IGM Financial did not provide specific guidance for future quarters or full year in its press release

Result Drivers

NET INFLOWS - IGM Financial reported Q4 net inflows of C$2.2 bln, significantly higher than C$244 mln in Q4 2024

ROCKEFELLER SALE - Proceeds from Rockefeller Capital Management equity sale contributed C$394.2 mln to Q4 results

ASSET GROWTH - Assets under management and advisement increased 14.7% yr/yr, reaching C$310.1 bln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
C$1.27
C$1.20 (6 Analysts)
Q4 EPS
C$1.36
Q4 Net Income
C$322.40 mln
Q4 Mackenzie Investments' Assets Under Management
C$244 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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$68.00, about 9.7% above its February 11 closing price of C$62.01

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nCNWX4mWpa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)