TMX Group (TSE:X) Sets New 12-Month High – Here’s What Happened

TMX Group Limited (TSE:X)’s share price reached a new 52-week high on Thursday . The company traded as high as C$52.27 and last traded at C$52.30, with a volume of 173158 shares. The stock had previously closed at C$51.10.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. 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 report on Thursday, January 30th. Barclays raised their target price on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets lifted their target price on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$47.19.

TMX Group Price Performance

The stock has a market capitalization of C$14.51 billion, a PE ratio of 30.11, a P/E/G ratio of 12.65 and a beta of 0.43. The firm’s 50 day simple moving average is C$48.79 and its 200 day simple moving average is C$45.47. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s payout ratio is currently 42.72%.

Insider Activity

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. Insiders own 1.15% of the company’s stock.

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.