TMX Group Limited (TSE:X) Senior Officer Sells C$1,979,776.00 in Stock

TMX Group Limited (TSE:X) Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total value of C$1,979,776.00.

TMX Group Stock Performance

Shares of X opened at C$50.01 on Thursday. TMX Group Limited has a 1 year low of C$33.41 and a 1 year high of C$50.08. The stock has a market capitalization of C$13.88 billion, a PE ratio of 34.02, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a 50-day simple moving average of C$45.17 and a 200-day simple moving average of C$43.77.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, March 7th will be paid a dividend of $0.20 per share. This is a boost from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.60%. TMX Group’s payout ratio is presently 50.34%.

Analysts Set New Price Targets

A number of brokerages have issued reports on X. TD Securities boosted their price target on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, January 30th. CIBC boosted their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Barclays raised their price target on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. BMO Capital Markets upped their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, National Bankshares raised their target price on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$47.19.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.