Peter Alexander Conroy Sells 13,965 Shares of TMX Group Limited (TSE:X) Stock

TMX Group Limited (TSE:X) Director Peter Alexander Conroy sold 13,965 shares of the firm’s 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.

TMX Group Stock Down 0.8 %

Shares of TSE X opened at C$36.25 on Friday. The stock has a fifty day moving average price of C$35.67 and a 200 day moving average price of C$32.93. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. The company has a market cap of C$10.03 billion, a P/E ratio of 28.32, a P/E/G ratio of 12.65 and a beta of 0.39. TMX Group Limited has a 12-month low of C$28.32 and a 12-month high of C$37.59.

TMX Group (TSE:X) last issued its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.01. The firm had revenue of C$345.90 million for the quarter, compared to analysts’ expectations of C$338.61 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. Research analysts anticipate that TMX Group Limited will post 1.6194927 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from TMX Group’s previous quarterly dividend of $0.18. TMX Group’s payout ratio is 55.47%.

Analyst Upgrades and Downgrades

X has been the topic of a number of analyst reports. Barclays raised their price target on TMX Group from C$35.00 to C$38.00 in a research note on Monday, April 8th. Scotiabank boosted their price target on TMX Group from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. BMO Capital Markets boosted their price target on TMX Group from C$41.00 to C$42.00 in a research report on Monday. National Bankshares upped their price target on TMX Group from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Finally, TD Securities upped their price target on TMX Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$39.88.

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.