Jayakumar Rajarathinam Sells 40,000 Shares of TMX Group Limited (TSE:X) Stock

TMX Group Limited (TSE:X) Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction 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.

TMX Group Stock Down 0.7 %

Shares of X stock opened at C$49.29 on Wednesday. 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 twelve month low of C$33.41 and a twelve month high of C$50.08. The stock has a 50 day moving average of C$45.05 and a 200 day moving average of C$43.71. The stock has a market cap of C$13.68 billion, a P/E ratio of 33.53, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

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

Analyst Ratings Changes

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