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

TMX Group Limited (TSE:X - Get Free Report)'s share price hit a new 52-week high during mid-day trading 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 Ratings Changes

Several brokerages recently issued reports on X. TD Securities lifted their price target 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. Barclays boosted their price target on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Finally, BMO Capital Markets upped their price target 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 given a buy rating to the company's stock. According to MarketBeat, TMX Group has an average rating of "Hold" and a consensus target price of C$47.19.

TMX Group Trading Up 0.0 %

The stock's 50 day simple moving average is C$48.79 and its two-hundred day simple moving average is C$45.49. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The stock has a market capitalization of C$14.51 billion, a PE ratio of 30.11, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

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

Insiders Place Their Bets

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the 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 value of C$1,979,776.00. Company insiders own 1.15% of the company's stock.

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.