TMX Group (TSE:X) Hits New 1-Year High – Here’s What Happened

TMX Group Limited (TSE:X)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$49.95 and last traded at C$49.91, with a volume of 8520 shares traded. The stock had previously closed at C$49.78.

Wall Street Analyst Weigh In

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

TMX Group Stock Down 0.7 %

The company has a market capitalization of C$13.68 billion, a PE ratio of 33.53, a P/E/G 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 company’s 50-day moving average is C$45.05 and its 200 day moving average is C$43.71.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.20 per share. This is a boost from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, February 21st. TMX Group’s dividend payout ratio is currently 50.34%.

Insider Transactions at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction that occurred on 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. 1.15% of the stock is currently owned by company insiders.

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.