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

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

Wall Street Analysts Forecast Growth

X has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. TD Securities lifted their price target on TMX Group from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Barclays increased their price objective on TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. BMO Capital Markets boosted their target price on TMX Group from C$42.00 to C$44.00 in a research report on Wednesday, July 10th. Finally, National Bankshares increased their price target on shares of TMX Group from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TMX Group has an average rating of “Hold” and a consensus price target of C$43.44.

TMX Group Stock Down 0.4 %

The company has a market capitalization of C$12.14 billion, a P/E ratio of 29.87, 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. The stock’s fifty day moving average is C$41.86 and its 200 day moving average is C$38.28.

TMX Group (TSE:X) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of C$361.44 million. Research analysts predict that TMX Group Limited will post 1.7915137 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, August 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. TMX Group’s dividend payout ratio is presently 50.34%.

Insider Activity at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’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 related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. 1.15% of the stock is currently owned by company insiders.

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.