TMX Group Limited (TSE:X) Senior Officer Sells C$1,979,776.00 in Stock

TMX Group Limited (TSE:X) Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group 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 Price Performance

X opened at C$50.01 on Thursday. TMX Group Limited has a twelve month low of C$33.41 and a twelve month high of C$50.08. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The firm has a market cap of C$13.88 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 12.65 and a beta of 0.43. The company has a fifty day simple moving average of C$45.17 and a 200 day simple moving average of C$43.77.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, March 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, February 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s payout ratio is 50.34%.

Analysts Set New Price Targets

X has been the subject of several recent research reports. TD Securities raised their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, January 30th. National Bankshares increased their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Barclays boosted their target price on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. CIBC increased their price target on TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Finally, BMO Capital Markets boosted their price objective on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Four equities 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 presently has an average 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.