TMX Group Limited (TSE:X) Announces Quarterly Dividend of $0.20

TMX Group Limited (TSE:X) announced a quarterly dividend on Friday, February 21st,TickerTech Dividends reports. Investors of record on Friday, March 7th will be paid a dividend of 0.20 per share on Friday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TMX Group’s previous quarterly dividend of $0.19.

TMX Group Stock Down 0.0 %

Shares of TSE:X opened at C$50.61 on Wednesday. The stock has a market cap of C$14.08 billion, a P/E ratio of 29.21, a P/E/G ratio of 12.65 and a beta of 0.43. The firm has a fifty day moving average price of C$45.68 and a 200 day moving average price of C$44.01. 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 has a 1-year low of C$33.41 and a 1-year high of C$51.05.

Insider Activity

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction that occurred on Wednesday, February 5th. The shares were 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.

Analyst Upgrades and Downgrades

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

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.