IGM Financial (OTCMKTS:IGIFF) Stock Crosses Above 50 Day Moving Average of $26.86

IGM Financial Inc. (OTCMKTS:IGIFFGet Rating) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $26.86 and traded as high as $29.02. IGM Financial shares last traded at $29.02, with a volume of 2,878 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on IGIFF. Canaccord Genuity Group upped their target price on IGM Financial from C$38.00 to C$40.00 in a research report on Monday, November 7th. National Bank Financial dropped their target price on IGM Financial from C$48.00 to C$45.00 in a research report on Thursday, October 6th. TD Securities lowered IGM Financial from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $40.00 in a research report on Monday, November 7th. Finally, Scotiabank upped their target price on IGM Financial from C$42.00 to C$44.00 in a research report on Friday, November 4th.

IGM Financial Price Performance

The company has a 50-day simple moving average of $26.86 and a 200 day simple moving average of $27.80.

IGM Financial Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, October 31st. Stockholders of record on Thursday, September 29th were given a dividend of $0.4352 per share. The ex-dividend date was Wednesday, September 28th. This represents a dividend yield of 6.36%.

About IGM Financial

(Get Rating)

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.

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