TMX Group (TSE:X) Hits New 1-Year High at $44.28

TMX Group Limited (TSE:X)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$44.28 and last traded at C$44.12, with a volume of 2329 shares traded. The stock had previously closed at C$43.91.

Analyst Upgrades and Downgrades

X has been the subject of several recent analyst reports. National Bankshares raised their price objective on shares of TMX Group from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Barclays lifted their price target on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. TD Securities raised their target price on TMX Group from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. CIBC upped their price target on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Finally, BMO Capital Markets raised their price objective on TMX Group from C$42.00 to C$44.00 in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$43.44.

TMX Group Price Performance

The stock has a market capitalization of C$12.06 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. The stock has a fifty day moving average of C$41.96 and a 200-day moving average of C$38.33.

TMX Group (TSE:X) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.43. The firm had revenue of C$367.10 million during the quarter, compared to analysts’ expectations of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, equities research analysts predict that TMX Group Limited will post 1.7915137 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, August 16th. TMX Group’s dividend payout ratio is currently 50.34%.

Insider Activity

In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. In related news, Director Elias Anastasopoulos sold 20,850 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Corporate insiders own 1.15% of the company’s stock.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.