TMX Group Limited (TSE:X) Raises Dividend to $0.19 Per Share

TMX Group Limited (TSE:X) declared 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 dividend on an annualized basis and a yield of 2.04%. 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 Stock Up 1.9 %

Shares of TSE:X traded up C$0.70 during trading on Friday, hitting C$37.21. 391,067 shares of the company’s stock traded hands, compared to its average volume of 350,080. The company has a 50-day moving average price of C$35.51 and a 200-day moving average price of C$32.74. TMX Group has a 52 week low of C$27.74 and a 52 week high of C$37.59. 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$10.29 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39.

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

Insider Buying and Selling at TMX Group

In other news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company’s stock in a transaction on 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. Also, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. Insiders own 5.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on X shares. Royal Bank of Canada boosted their price objective on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Monday, April 29th. CIBC upped their price objective on TMX Group from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research note on Friday. 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 research note on Tuesday. BMO Capital Markets upgraded TMX Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$36.00 to C$41.00 in a research note on Monday, March 25th. Finally, Barclays lifted their price objective on shares of TMX Group from C$35.00 to C$38.00 in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$39.38.

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.