TMX Group Limited (TSE:X) Announces $0.19 Quarterly Dividend

TMX Group Limited (TSE:X - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.19 per share on Friday, November 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Friday, November 15th.

TMX Group Price Performance

X traded up C$0.03 on Friday, reaching C$43.52. The stock had a trading volume of 299,224 shares, compared to its average volume of 355,310. The firm has a 50-day moving average of C$43.06 and a 200-day moving average of C$40.10. TMX Group has a fifty-two week low of C$28.52 and a fifty-two week high of C$45.92. The company has a market capitalization of C$12.08 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71.

TMX Group (TSE:X - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, topping analysts' consensus estimates of C$0.40 by C$0.01. The company had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. As a group, sell-side analysts anticipate that TMX Group will post 1.7708421 EPS for the current year.

Insiders Place Their Bets

In related news, Director Elias Anastasopoulos sold 20,850 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. Company insiders own 1.15% of the company's stock.

Analyst Ratings Changes

X has been the topic of a number of recent analyst reports. CIBC boosted their price objective on TMX Group from C$43.00 to C$46.00 in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of TMX Group from C$44.00 to C$46.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. TD Securities raised their price target on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a "hold" rating in a report on Monday. Scotiabank increased their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. Finally, BMO Capital Markets upped their price target on TMX Group from C$46.00 to C$50.00 in a research note on Friday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, TMX Group has an average rating of "Hold" and a consensus price target of C$44.81.

About TMX Group

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.