TMX Group Limited (TSE:X) Senior Officer Sells C$1,579,766.56 in Stock

TMX Group Limited (TSE:X) 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.

TMX Group Price Performance

Shares of X traded up C$0.21 during mid-day trading on Monday, reaching C$41.98. 67,377 shares of the stock traded hands, compared to its average volume of 360,156. The firm has a fifty day moving average price of C$39.33 and a 200 day moving average price of C$36.77. The company has a market cap of C$11.65 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. TMX Group Limited has a 1 year low of C$28.32 and a 1 year high of C$42.50.

TMX Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.81%. TMX Group’s dividend payout ratio (DPR) is currently 50.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on X shares. BMO Capital Markets lifted their target price on shares of TMX Group from C$42.00 to C$44.00 in a research report on Wednesday, July 10th. CIBC lifted their price target on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the company a “buy” rating in a research note on Friday, April 26th. Barclays lifted their price objective on shares of TMX Group from C$40.00 to C$42.00 in a research note on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Five 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.com, TMX Group presently has a consensus rating of “Hold” and a consensus target price of C$43.44.

TMX Group Company Profile

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.