TMX Group (TSE:X) Sets New 12-Month High at $38.12

TMX Group Limited (TSE:X - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$38.12 and last traded at C$37.97, with a volume of 53700 shares. The stock had previously closed at C$37.75.

Analyst Upgrades and Downgrades

X has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of TMX Group from C$40.00 to C$39.00 and set a "sector perform" rating for the company in a report on Sunday, May 5th. CIBC lifted their price target on shares of TMX Group from C$38.00 to C$40.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. National Bankshares lifted their price target on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 30th. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the stock a "buy" rating in a research note on Friday, April 26th. Finally, BMO Capital Markets lifted their price target on shares of TMX Group from C$41.00 to C$42.00 in a research note on Monday, May 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, TMX Group currently has an average rating of "Hold" and an average price target of C$39.88.

TMX Group Trading Up 0.7 %

The firm has a market capitalization of C$10.53 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The stock's 50-day simple moving average is C$36.64 and its two-hundred day simple moving average is C$34.64. The company has a debt-to-equity ratio of 54.91, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group (TSE:X - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.01. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. The firm had revenue of C$345.90 million for the quarter, compared to the consensus estimate of C$338.61 million. Equities research analysts expect that TMX Group Limited will post 1.6098304 EPS for the current year.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a dividend of $0.19 per share. This is an increase from TMX Group's previous quarterly dividend of $0.18. The ex-dividend date was Thursday, May 16th. This represents a $0.76 dividend on an annualized basis and a yield of 2.00%. TMX Group's dividend payout ratio is presently 50.00%.

Insider Activity at TMX Group

In related news, Director Peter Alexander Conroy sold 13,965 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total transaction of C$505,347.27. In other news, Director Peter Alexander Conroy sold 13,965 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$36.19, for a total value of C$505,347.27. Also, Senior Officer Cheryl Graden sold 146,115 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. 1.15% of the stock is owned by insiders.

TMX Group Company Profile

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.