TMX Group (TSE:X) Reaches 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 Wednesday . The company traded as high as C$44.77 and last traded at C$44.23, with a volume of 249963 shares. The stock had previously closed at C$44.40.

Analysts Set New Price Targets

Several equities research analysts have recently commented on X shares. Royal Bank of Canada increased their price objective on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. National Bankshares lifted 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 research report on Wednesday, October 30th. Barclays upped their target price on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. Scotiabank boosted their price target on TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Finally, CIBC lifted their target price on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$44.81.

TMX Group Stock Down 0.7 %

The company has a market cap of C$12.24 billion, a price-to-earnings ratio of 30.20, 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 current ratio of 1.00 and a quick ratio of 0.01. The firm has a 50-day moving average price of C$43.13 and a 200 day moving average price of C$40.21.

TMX Group (TSE:X) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. The firm had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. Sell-side analysts predict that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. TMX Group’s dividend payout ratio (DPR) is presently 50.34%.

Insider Transactions at TMX Group

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

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.