TMX Group (TSE:X) Hits New 12-Month High – Here’s What Happened

Shares of TMX Group Limited (TSE:X) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$51.55 and last traded at C$51.45, with a volume of 201414 shares trading hands. The stock had previously closed at C$50.83.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Securities raised their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the company 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 research report on Thursday, December 5th. Finally, Barclays upped their price objective on TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$47.19.

TMX Group Price Performance

The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The firm’s fifty day moving average price is C$46.86 and its two-hundred day moving average price is C$44.59. The stock has a market capitalization of C$14.21 billion, a PE ratio of 29.49, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.57%. This is a boost from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, February 21st. TMX Group’s dividend payout ratio is presently 42.72%.

Insider Transactions at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. Company insiders own 1.15% of the company’s stock.

TMX Group Company Profile

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.