TMX Group Limited (TSE:X) Declares Dividend Increase – $0.19 Per Share

TMX Group Limited (TSE:X) announced a quarterly dividend on Thursday, May 2nd, TickerTech reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.19 per share on Friday, May 31st. This represents a $0.76 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, May 16th. This is a positive change from TMX Group’s previous quarterly dividend of $0.18.

TMX Group Stock Up 1.9 %

Shares of TSE X traded up C$0.70 during midday trading on Friday, reaching C$37.21. The company’s stock had a trading volume of 391,067 shares, compared to its average volume of 350,080. The stock has a 50 day simple moving average of C$35.51 and a 200-day simple moving average of C$32.74. 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 stock has a market capitalization of C$10.29 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 12.65 and a beta of 0.39. TMX Group has a fifty-two week low of C$27.74 and a fifty-two week high of C$37.59.

TMX Group (TSE:X) last issued its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The firm had revenue of C$301.50 million for the quarter, compared to analysts’ expectations of C$300.05 million. Equities research analysts predict that TMX Group will post 1.6194927 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on X shares. Barclays increased their price target on TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. CIBC raised their target price on shares of TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research note on Friday. Canaccord Genuity Group set a C$44.00 price target on shares of TMX Group and gave the company a “buy” rating in a research note on Friday, April 26th. Scotiabank boosted their price objective on shares of TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, TMX Group has a consensus rating of “Hold” and a consensus price target of C$39.38.

Insiders Place Their Bets

In related news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In other news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Company insiders own 5.57% of the company’s stock.

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.