Four Directors at IGM Financial Inc sold after exercising options/sold 55,900 shares at between 47.720CAD and 48.043CAD. The significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all ...
IGM FINANCIAL INC (CA), a company active in the Asset Managers industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date April 5, 2022, the closing price was CAD 43.65 and its potentia...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
There was little in narrow-moat IGM Financial's first-quarter results that would alter our long-term view of the firm. We've left our CAD 35 fair value estimate in place. IGM closed out March with CAD 160.5 billion in managed assets, up 7.6% sequentially and 3.0% year over year. Investors Group, which accounted for 56% of the firm's assets under management at the end of the first quarter, reported a 7.5% sequential and 2.6% year-over-year increase in its managed assets, as market gains offset it...
There was little in narrow-moat IGM Financial's first-quarter results that would alter our long-term view of the firm. We've left our CAD 35 fair value estimate in place. IGM closed out March with CAD 160.5 billion in managed assets, up 7.6% sequentially and 3.0% year over year. Investors Group, which accounted for 56% of the firm's assets under management at the end of the first quarter, reported a 7.5% sequential and 2.6% year-over-year increase in its managed assets, as market gains offset it...
EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions...
There was little in narrow-moat IGM Financial's fourth-quarter results that would alter our long-term view of the firm. We've left our CAD 35 per share fair value estimate in place. IGM Financial closed out 2018 with CAD 149.1 billion in managed assets, down 6.7% sequentially and 4.8% on a year-over-year basis. Investors Group, which accounted for 56% of the firm's AUM at the end of the fourth quarter, saw a 6.6% sequential and 5.5% year-over-year decrease in its managed assets, impacted by both...
There was little in narrow-moat IGM Financial's fourth-quarter results that would alter our long-term view of the firm. We've left our CAD 35 per share fair value estimate in place. IGM Financial closed out 2018 with CAD 149.1 billion in managed assets, down 6.7% sequentially and 4.8% on a year-over-year basis. Investors Group, which accounted for 56% of the firm's AUM at the end of the fourth quarter, saw a 6.6% sequential and 5.5% year-over-year decrease in its managed assets, impacted by both...
There was little in narrow-moat IGM Financial's fourth-quarter results that would alter our long-term view of the firm. We've left our CAD 35 per share fair value estimate in place. IGM Financial closed out 2018 with CAD 149.1 billion in managed assets, down 6.7% sequentially and 4.8% on a year-over-year basis. Investors Group, which accounted for 56% of the firm's AUM at the end of the fourth quarter, saw a 6.6% sequential and 5.5% year-over-year decrease in its managed assets, impacted by both...
Even though IGM Financial has historically generated solid operating margins and maintains a leading share in the Canadian mutual fund market, we've been less than impressed by its ability to generate organic growth since the 2008-09 global financial crisis. Investors Group and Mackenzie Financial have consistently struggled to generate positive flows, with the latter seeing negative 2% average annual organic growth rate since 2007 (and the former being only mildly positive on an annual basis du...
There was little in narrow-moat IGM Financial's third-quarter results that would alter our long-term view of the firm. We've left our CAD 42 per share fair value estimate in place. IGM Financial closed out the September quarter with CAD 159.7 billion in managed assets, up 0.4% sequentially and 6.5% on a year-over-year basis. Investors Group, which accounted for 56% of the firm's AUM at the end of the third quarter, saw a 0.3% sequential and 4.4% year-over-year increase in its managed assets, des...
There was little in narrow-moat IGM Financial's third-quarter results that would alter our long-term view of the firm. We've left our CAD 42 per share fair value estimate in place. IGM Financial closed out the September quarter with CAD 159.7 billion in managed assets, up 0.4% sequentially and 6.5% on a year-over-year basis. Investors Group, which accounted for 56% of the firm's AUM at the end of the third quarter, saw a 0.3% sequential and 4.4% year-over-year increase in its managed assets, des...
There was little in narrow-moat IGM Financial's third-quarter results that would alter our long-term view of the firm. We've left our CAD 42 per share fair value estimate in place. IGM Financial closed out the September quarter with CAD 159.7 billion in managed assets, up 0.4% sequentially and 6.5% on a year-over-year basis. Investors Group, which accounted for 56% of the firm's AUM at the end of the third quarter, saw a 0.3% sequential and 4.4% year-over-year increase in its managed assets, des...
With both narrow-moat IGM Financial and CI Financial reporting earnings this week, we have a better sense of the impact the decision to not ban embedded commissions on the part of the Canadian regulators will have on the asset managers. Rather than eliminate the use of trailer fees, the Canadian Securities Administrators have proposed new rules for broker/dealers and financial advisors aimed at helping them address, and hopefully avoid, potential conflicts with their clients' best interests. The...
With both narrow-moat IGM Financial and CI Financial reporting earnings this week, we have a better sense of the impact the decision to not ban embedded commissions on the part of the Canadian regulators will have on the asset managers. Rather than eliminate the use of trailer fees, the Canadian Securities Administrators have proposed new rules for broker/dealers and financial advisors aimed at helping them address, and hopefully avoid, potential conflicts with their clients' best interests. The...
Even though IGM Financial has historically generated solid operating margins and maintains a leading share in the Canadian mutual fund market, we've been less than impressed by its ability to generate organic growth since the 2008-09 global financial crisis. Investors Group and Mackenzie Financial have consistently struggled to generate positive flows, with the latter seeing negative annual organic growth on average since 2007. To us, this is a sign of a weaker competitive position than the firm...
There was little in narrow-moat-rated IGM Financial's second-quarter results that would alter our long-term view of the firm. We've left our CAD 42 per share fair value estimate in place. IGM Financial closed out the June quarter with CAD 159.1 billion in managed assets, reflective of a 2.2% sequential increase in total assets under management. Year over year, the firm's managed assets were up 7.1%. Investors Group, which accounts for around 55% of the firm's AUM, reported a 1.9% sequential and ...
There was little in narrow-moat-rated IGM Financial's second-quarter results that would alter our long-term view of the firm. We've left our CAD 42 per share fair value estimate in place. IGM Financial closed out the June quarter with CAD 159.1 billion in managed assets, reflective of a 2.2% sequential increase in total assets under management. Year over year, the firm's managed assets were up 7.1%. Investors Group, which accounts for around 55% of the firm's AUM, reported a 1.9% sequential and...
There was little in narrow-moat-rated IGM Financial's second-quarter results that would alter our long-term view of the firm. We've left our CAD 42 per share fair value estimate in place. IGM Financial closed out the June quarter with CAD 159.1 billion in managed assets, reflective of a 2.2% sequential increase in total assets under management. Year over year, the firm's managed assets were up 7.1%. Investors Group, which accounts for around 55% of the firm's AUM, reported a 1.9% sequential and ...
The balance of power in the Canadian mutual fund market continues to shift more and more toward the Big Six banks--Royal Bank of Canada, Toronto-Dominion Bank, Scotiabank, Bank of Montreal, Canadian Imperial Bank of Commerce, and National Bank of Canada--at the expense of the non-bank affiliated asset managers we cover--IGM Financial, CI Financial, and AGF Management. The Big Six banks have used their position as the largest distributors of mutual funds in the Canadian market, as well as an expa...
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