Insider Selling: TMX Group Limited (TSE:X) Senior Officer Sells 40,000 Shares of Stock

TMX Group Limited (TSE:X) Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm’s stock in a transaction dated 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 Stock Performance

TSE:X opened at C$49.78 on Monday. The stock has a market cap of C$13.82 billion, a P/E ratio of 33.86, a PEG ratio of 12.65 and a beta of 0.43. The stock has a 50 day simple moving average of C$44.85 and a 200 day simple moving average of C$43.62. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. TMX Group Limited has a 1-year low of C$33.41 and a 1-year high of C$49.91.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.53%. TMX Group’s payout ratio is currently 50.34%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on X. Barclays increased their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities raised their price target on 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. National Bankshares raised their price objective on TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price objective on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, CIBC raised their price objective on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Four investment 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 stock currently has a consensus rating of “Hold” and an average target price of C$47.19.

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.