TMX Group (TSE:X) Hits New 1-Year High – What’s Next?

TMX Group Limited (TSE:X) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$51.00 and last traded at C$50.53, with a volume of 113852 shares changing hands. The stock had previously closed at C$50.88.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. National Bankshares upped their target price 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. CIBC upped their target price on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Barclays boosted their price target on TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. BMO Capital Markets increased their price target on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, TD Securities upped their price objective 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$47.19.

TMX Group Trading Down 0.3 %

The company has a market capitalization of C$14.11 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a 50-day moving average price of C$46.31 and a 200-day moving average price of C$44.33. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, March 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s payout ratio is 42.72%.

Insider Buying and Selling

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

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.