TMX Group Limited (TSE:X) Senior Officer Sells C$1,579,766.56 in Stock

TMX Group Limited (TSE:X) Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56.

TMX Group Stock Up 1.5 %

X opened at C$42.01 on Thursday. TMX Group Limited has a fifty-two week low of C$28.32 and a fifty-two week high of C$42.50. The firm has a market capitalization of C$11.66 billion, a P/E ratio of 28.58, a PEG ratio of 12.65 and a beta of 0.43. The company’s 50-day moving average is C$39.63 and its 200 day moving average is C$36.92. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 30th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.81%. TMX Group’s dividend payout ratio is currently 50.34%.

Analyst Ratings Changes

Several research analysts have issued reports on X shares. National Bankshares increased their price target on TMX Group from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the company a “buy” rating in a research report on Friday, April 26th. CIBC boosted their price target on shares of TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Royal Bank of Canada raised their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their target price on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$43.44.

About TMX Group

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.