TMX Group (TSE:X) Sets New 12-Month High at $43.48

TMX Group Limited (TSE:X)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$43.48 and last traded at C$43.39, with a volume of 21674 shares traded. The stock had previously closed at C$42.75.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on X shares. National Bankshares lifted 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 objective on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. CIBC lifted their price target on shares of TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. TD Securities lifted their price target on shares of 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. Finally, BMO Capital Markets lifted their price target on shares of TMX Group from C$42.00 to C$44.00 in a research note on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$43.44.

TMX Group Trading Up 1.0 %

The firm has a market cap of C$11.98 billion, a PE ratio of 29.08, a P/E/G ratio of 12.65 and a beta of 0.43. The company’s fifty day moving average price is C$41.35 and its two-hundred day moving average price is C$37.95. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71.

TMX Group (TSE:X) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, hitting analysts’ consensus estimates of C$0.43. The firm had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. As a group, sell-side analysts forecast that TMX Group Limited will post 1.5993304 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.76 annualized dividend and a yield of 1.76%. TMX Group’s dividend payout ratio (DPR) is currently 50.34%.

Insider Activity

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction that occurred on 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. In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company’s stock in a transaction 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. Also, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total transaction of C$886,125.00. Company 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.