TMX Group (TSE:X) Insider John Mckenzie Purchases 35,860 Shares

TMX Group Limited (TSE:X) insider John Mckenzie bought 35,860 shares of TMX Group stock in a transaction on Friday, May 8th. The shares were bought at an average price of C$55.84 per share, for a total transaction of C$2,002,422.40. Following the acquisition, the insider owned 136,634 shares of the company’s stock, valued at approximately C$7,629,642.56. The trade was a 35.58% increase in their position.

John Mckenzie also recently made the following trade(s):

• On Wednesday, May 6th, John Mckenzie sold 69,970 shares of TMX Group stock. The stock was sold at an average price of C$54.71, for a total value of C$3,828,058.70.

TMX Group Trading Down 2.0%

Shares of X stock traded down C$1.08 on Monday, reaching C$54.26. The company had a trading volume of 162,772 shares, compared to its average volume of 854,542. The stock has a market cap of C$14.98 billion, a PE ratio of 28.41, a PEG ratio of 12.65 and a beta of -0.34. The company has a 50-day moving average of C$50.43 and a 200-day moving average of C$50.34. The company has a current ratio of 2.35, a quick ratio of 0.01 and a debt-to-equity ratio of 44.08. TMX Group Limited has a 12 month low of C$44.10 and a 12 month high of C$57.98.

TMX Group (TSE:X) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. TMX Group had a net margin of 25.78% and a return on equity of 16.24%. The firm had revenue of C$457.80 million during the quarter. On average, equities analysts forecast that TMX Group Limited will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, June 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd. TMX Group’s dividend payout ratio (DPR) is currently 46.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Raymond James Financial upped their price objective on shares of TMX Group from C$61.00 to C$61.50 and gave the company a “strong-buy” rating in a research report on Friday, April 17th. National Bank Financial boosted their target price on TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. BMO Capital Markets increased their price target on TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Canaccord Genuity Group dropped their price target on TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Barclays lifted their price objective on TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$64.50.

About TMX Group

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.