John Mckenzie Sells 69,970 Shares of TMX Group (TSE:X) Stock

TMX Group Limited (TSE:X) insider John Mckenzie sold 69,970 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the completion of the transaction, the insider owned 100,774 shares in the company, valued at approximately C$5,513,345.54. This trade represents a 40.98% decrease in their position.

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

• On Friday, May 8th, John Mckenzie purchased 35,860 shares of TMX Group stock. The stock was bought at an average price of C$55.84 per share, for a total transaction of C$2,002,422.40.

TMX Group Stock Up 1.0%

Shares of X opened at C$54.47 on Wednesday. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35. The firm’s 50-day simple moving average is C$50.90 and its 200 day simple moving average is C$50.44. TMX Group Limited has a 52 week low of C$44.10 and a 52 week high of C$57.98. The firm has a market cap of C$15.04 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 12.65 and a beta of -0.34.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders 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 is Friday, May 22nd. TMX Group’s dividend payout ratio is presently 46.07%.

Analyst Ratings Changes

Several analysts recently issued reports on X shares. Barclays increased their price target on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. BMO Capital Markets raised their target price on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada raised their target price on shares of TMX Group from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Scotia raised their target price on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Finally, National Bank Financial lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$64.50.

TMX Group Company Profile

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.