Elias Anastasopoulos Sells 20,850 Shares of TMX Group Limited (TSE:X) Stock

TMX Group Limited (TSE:X) Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00.

TMX Group Price Performance

Shares of TSE X traded up C$0.10 during midday trading on Wednesday, reaching C$42.79. The company’s stock had a trading volume of 161,888 shares, compared to its average volume of 359,468. The company has a market cap of C$11.88 billion, a P/E ratio of 29.04, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group Limited has a fifty-two week low of C$28.32 and a fifty-two week high of C$43.48. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. The business’s 50 day moving average price is C$41.06 and its two-hundred day moving average price is C$37.77.

TMX Group (TSE:X) last released its earnings results on Wednesday, July 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, hitting 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 company had revenue of C$367.10 million for the quarter, compared to analyst estimates of C$361.44 million. On average, analysts forecast that TMX Group Limited will post 1.5993304 EPS for the current fiscal year.

TMX Group Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, August 16th. TMX Group’s dividend payout ratio (DPR) is presently 50.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on X. CIBC upped their target price on shares of TMX Group from C$40.00 to C$43.00 in a report on Friday, July 19th. BMO Capital Markets boosted their target price on TMX Group from C$42.00 to C$44.00 in a report on Wednesday, July 10th. Barclays lifted their price objective on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Royal Bank of Canada raised their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, National Bankshares upped 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 note on Monday, July 29th. Five 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.com, the company currently has a consensus rating of “Hold” and an average price target of C$43.44.

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.