TMX Group (TSE:X) Insider Sells C$3,828,058.70 in Stock

TMX Group Limited (TSE:X) insider John Mckenzie sold 69,970 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total value of C$3,828,058.70. Following the completion of the sale, the insider directly owned 100,774 shares in the company, valued at approximately C$5,513,345.54. The trade was a 40.98% decrease in their ownership of the stock.

John Mckenzie also recently made the following trade(s):

• On Friday, May 8th, John Mckenzie acquired 35,860 shares of TMX Group stock. The shares were bought at an average cost of C$55.84 per share, with a total value of C$2,002,422.40.

TMX Group Trading Down 2.0%

Shares of X stock traded down C$1.08 during trading hours on Monday, hitting C$54.26. 162,772 shares of the company were exchanged, compared to its average volume of 854,542. The firm has a fifty day moving average of C$50.43 and a 200 day moving average of C$50.34. The company has a quick ratio of 0.01, a current ratio of 2.35 and a debt-to-equity ratio of 44.08. TMX Group Limited has a 1 year low of C$44.10 and a 1 year high of C$57.98. The firm has a market cap of C$14.98 billion, a PE ratio of 28.41, a PEG ratio of 12.65 and a beta of -0.34.

TMX Group (TSE:X) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$457.80 million during the quarter. TMX Group had a net margin of 25.78% and a return on equity of 16.24%. Analysts expect that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. TMX Group’s payout ratio is currently 46.07%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on X shares. Royal Bank Of Canada lifted their target price on TMX Group from C$65.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. BMO Capital Markets raised their price objective on TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Raymond James Financial lifted their price objective on TMX Group from C$61.00 to C$61.50 and gave the company a “strong-buy” rating in a research note on Friday, April 17th. Scotia increased their target price on shares of TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Finally, Barclays raised their price target on shares of TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.50.

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.