TMX Group (TSE:X) Reaches New 12-Month High at $44.28

Shares of TMX Group Limited (TSE:X) hit a new 52-week high during trading on Monday . The stock traded as high as C$44.28 and last traded at C$44.12, with a volume of 2329 shares traded. The stock had previously closed at C$43.91.

Wall Street Analysts Forecast Growth

X has been the subject of several research reports. TD Securities boosted their price objective on shares of TMX Group from C$41.00 to C$42.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their price objective on TMX Group from C$42.00 to C$44.00 in a research note on Wednesday, July 10th. Barclays raised their price target on shares of TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. Scotiabank increased their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Finally, National Bankshares raised their target price on shares of TMX Group from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, TMX Group presently has a consensus rating of “Hold” and an average price target of C$43.44.

TMX Group Stock Down 0.6 %

The stock has a 50 day moving average of C$41.96 and a 200 day moving average of C$38.33. The firm has a market capitalization of C$12.06 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 12.65 and a beta of 0.43. 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 posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.43. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The business had revenue of C$367.10 million for the quarter, compared to analyst estimates of C$361.44 million. As a group, analysts expect that TMX Group Limited will post 1.7915137 earnings per share for the current fiscal year.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, August 16th. TMX Group’s dividend payout ratio (DPR) is presently 50.34%.

Insider Activity at TMX Group

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