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 TMX Group stock in a transaction dated 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.

TMX Group Trading Down 0.3 %

TMX Group stock opened at C$49.65 on Tuesday. The stock has a 50-day simple moving average of C$44.96 and a 200 day simple moving average of C$43.66. The stock has a market capitalization of C$13.78 billion, a P/E ratio of 33.78, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group Limited has a 52 week low of C$33.41 and a 52 week high of C$50.08.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, March 7th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, February 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.61%. TMX Group’s payout ratio is presently 50.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on X shares. BMO Capital Markets lifted their target price on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. National Bankshares lifted their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. TD Securities boosted their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. CIBC raised their target price on shares of TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. Finally, Barclays boosted their price target on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$47.19.

About TMX Group

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.