TMX Group Ltd (TSE:X) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.62 per share on Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, August 22nd.
X stock traded down C$1.11 during midday trading on Friday, reaching C$112.53. 93,841 shares of the company’s stock traded hands, compared to its average volume of 138,977. The firm has a 50-day moving average price of C$94.43. The company has a debt-to-equity ratio of 33.73, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 52 week low of C$68.87 and a 52 week high of C$114.46. The stock has a market capitalization of $5.66 billion and a price-to-earnings ratio of 22.24.
TMX Group (TSE:X) last issued its earnings results on Thursday, May 9th. The company reported C$1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.16 by C$0.14. The business had revenue of C$197.50 million for the quarter, compared to the consensus estimate of C$196.90 million. On average, sell-side analysts forecast that TMX Group will post 6 EPS for the current fiscal year.
A number of equities research analysts have issued reports on X shares. BMO Capital Markets boosted their target price on shares of TMX Group from C$110.00 to C$115.00 in a report on Thursday. TD Securities boosted their target price on shares of TMX Group from C$105.00 to C$108.00 and gave the company a “buy” rating in a report on Friday, July 26th. CIBC cut shares of TMX Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$101.00 to C$97.00 in a report on Tuesday, April 23rd. Royal Bank of Canada boosted their target price on shares of TMX Group from C$106.00 to C$118.00 in a report on Thursday. Finally, National Bank Financial boosted their target price on shares of TMX Group from C$103.00 to C$114.00 and gave the company an “outperform” rating in a report on Thursday.
In other news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$90.00, for a total transaction of C$270,000.00. Following the completion of the transaction, the insider now directly owns 1,350 shares in the company, valued at approximately C$121,500.
About TMX Group
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading and Clearing.
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