TMX Group Limited (TSE:X) Declares Dividend Increase - $0.19 Per Share

TMX Group Limited (TSE:X - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, TickerTech reports. Investors 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 annualized dividend 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 Price Performance

Shares of X traded up C$0.70 during mid-day trading on Friday, reaching C$37.21. The company had a trading volume of 391,067 shares, compared to its average volume of 350,080. The company's 50 day simple moving average is C$35.51 and its 200 day simple moving average is C$32.74. The company has a market capitalization of C$10.29 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 12.65 and a beta of 0.39. TMX Group has a 1-year low of C$27.74 and a 1-year high of C$37.59. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, meeting the consensus estimate of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The company had revenue of C$301.50 million for the quarter, compared to the consensus estimate of C$300.05 million. Analysts expect that TMX Group will post 1.6194927 EPS for the current year.

Insider Activity

In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the business'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. In other news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Company insiders own 5.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on X. CIBC boosted their price target on shares of TMX Group from C$38.00 to C$40.00 and gave the stock a "neutral" rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of TMX Group from C$36.00 to C$38.00 and gave the company a "sector perform" rating in a report on Monday, April 29th. National Bankshares lifted their price objective on TMX Group from C$37.00 to C$40.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Canaccord Genuity Group set a C$44.00 target price on TMX Group and gave the company a "buy" rating in a research report on Friday, April 26th. Finally, TD Securities lifted their target price on TMX Group from C$34.00 to C$35.00 and gave the stock a "hold" rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$39.38.

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.