Key Points
- Insider John Mckenzie bought 35,860 TMX Group shares on May 8 for about C$2.0 million at C$55.84 per share, increasing his holdings by 35.58% to 136,634 shares.
- Mckenzie had sold 69,970 shares just two days earlier on May 6 for about C$3.83 million at C$54.71 per share, highlighting notable recent insider trading activity.
- TMX Group also declared a quarterly dividend of C$0.24 per share, payable June 5, implying an annualized yield of 1.8%; analysts currently rate the stock a Moderate Buy with a consensus price target of C$64.50.
TMX Group Limited (TSE:X - Get Free Report) insider John Mckenzie purchased 35,860 shares of the company's stock in a transaction on Friday, May 8th. The stock was acquired at an average price of C$55.84 per share, with a total value of C$2,002,422.40. Following the completion of the purchase, the insider directly owned 136,634 shares in the company, valued at C$7,629,642.56. This trade represents a 35.58% increase in their ownership of the stock.
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 2.5%
X stock opened at C$53.95 on Tuesday. TMX Group Limited has a 1-year low of C$44.10 and a 1-year high of C$57.98. The company has a debt-to-equity ratio of 44.08, a current ratio of 2.35 and a quick ratio of 0.01. The company has a market capitalization of C$14.90 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 12.65 and a beta of -0.34. The business has a 50 day simple moving average of C$50.73 and a two-hundred day simple moving average of C$50.41.
TMX Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, June 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a 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 have recently issued reports on X shares. National Bank Financial upped their price objective on TMX Group from C$63.00 to C$64.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 5th. Royal Bank Of Canada upped their price objective on TMX Group from C$65.00 to C$69.00 and gave the stock an "outperform" rating in a report on Wednesday, May 6th. Raymond James Financial upped their price objective on TMX Group from C$61.00 to C$61.50 and gave the stock a "strong-buy" rating in a report on Friday, April 17th. Canaccord Genuity Group decreased their price objective on TMX Group from C$64.00 to C$61.00 and set a "buy" rating on the stock in a report on Monday, February 9th. Finally, Scotia upped their price objective on TMX Group from C$70.00 to C$71.00 and gave the stock a "sector outperform" rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$64.50.
Read Our Latest Research Report on TMX Group
TMX Group Company Profile
(
Get Free Report)
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.
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