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

TMX Group Limited (TSE:X) shares hit a new 52-week high on Tuesday . The company traded as high as C$45.61 and last traded at C$45.19, with a volume of 451223 shares changing hands. The stock had previously closed at C$45.00.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TD Securities boosted their target price on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada lifted their price target on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. BMO Capital Markets boosted their price objective on TMX Group from C$46.00 to C$50.00 in a research note on Friday, November 1st. CIBC upped their target price on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Finally, 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 report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, TMX Group presently has an average rating of “Hold” and an average target price of C$44.81.

TMX Group Stock Up 0.8 %

The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. The firm has a 50-day moving average of C$43.32 and a two-hundred day moving average of C$40.45. The firm has a market capitalization of C$12.60 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.01. The business had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, equities research analysts forecast that TMX Group Limited will post 1.7708421 EPS for the current year.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, November 15th. TMX Group’s dividend payout ratio is currently 50.34%.

Insiders Place Their Bets

In other TMX Group news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. Corporate insiders own 1.15% of the company’s stock.

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.