TMX Group (TSE:X) Insider Cheryl Graden Sells 17,000 Shares of Stock

TMX Group Limited (TSE:X) insider Cheryl Graden sold 17,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$54.14, for a total value of C$920,380.00.

Cheryl Graden also recently made the following trade(s):

• On Tuesday, September 1st, Cheryl Graden sold 5 shares of TMX Group stock. The stock was sold at an average price of C$54.25, for a total value of C$271.25.
• On Tuesday, September 1st, Cheryl Graden sold 8,885 shares of TMX Group stock. The shares were sold at an average price of C$54.41, for a total value of C$483,432.85.
• On Tuesday, September 1st, Cheryl Graden sold 14,665 shares of TMX Group stock. The shares were sold at an average price of C$54.53, for a total transaction of C$799,682.45.
• On Tuesday, September 1st, Cheryl Graden sold 1,180 shares of TMX Group stock. The stock was sold at an average price of C$54.54, for a total transaction of C$64,357.20.

TMX Group Trading Up 2.4%

TMX Group stock traded up C$1.28 during midday trading on Thursday, hitting C$54.32. 198,106 shares of the stock were exchanged, compared to its average volume of 861,091. The stock has a market capitalization of C$14.96 billion, a PE ratio of 25.03, a P/E/G ratio of 12.65 and a beta of -0.15. The company has a fifty day simple moving average of C$50.90 and a two-hundred day simple moving average of C$50.54. The company has a quick ratio of 0.01, a current ratio of 2.76 and a debt-to-equity ratio of 41.81. TMX Group Limited has a 52 week low of C$44.10 and a 52 week high of C$57.27.

TMX Group (TSE:X) last issued its earnings results on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. The firm had revenue of C$487.50 million during the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. Equities research analysts anticipate that TMX Group Limited will post 1.7708421 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 28th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 14th. This is a boost from TMX Group’s previous quarterly dividend of $0.24. TMX Group’s dividend payout ratio (DPR) is 42.40%.

Wall Street Analyst Weigh In

X has been the subject of a number of research analyst reports. Scotia boosted their target price on TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on TMX Group from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, June 15th. National Bank Financial upgraded TMX Group from a “hold” rating to an “outperform” rating and decreased their price objective for the company from C$65.00 to C$63.00 in a research report on Monday, July 27th. Raymond James Financial lowered their target price on TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating for the company in a research note on Friday, July 31st. Finally, Canaccord Genuity Group raised their target price on shares of TMX Group from C$63.00 to C$64.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, TMX Group presently has a consensus rating of “Moderate Buy” and a consensus target price of C$65.28.

TMX Group Company Profile

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.