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 TMX Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27.

TMX Group Stock Performance

TMX Group stock opened at C$36.25 on Friday. TMX Group Limited has a 12-month low of C$28.32 and a 12-month high of C$37.59. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. The business’s 50-day moving average price is C$35.67 and its two-hundred day moving average price is C$32.93. The stock has a market cap of C$10.03 billion, a PE ratio of 28.32, a P/E/G ratio of 12.65 and a beta of 0.39.

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

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a 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 currently 55.47%.

Analyst Ratings Changes

A number of research firms have commented on X. Canaccord Genuity Group set a C$44.00 price objective on shares of TMX Group and gave the stock a “buy” rating in a research report on Friday, April 26th. Scotiabank lifted their target price on TMX Group from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Royal Bank of Canada dropped their target price on 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 boosted their price target on TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, National Bankshares boosted their price target on TMX Group from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, TMX Group presently has an average rating of “Hold” and a consensus target price 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.