TMX Group Limited (TSE:X – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$45.21 and traded as high as C$51.06. TMX Group shares last traded at C$50.50, with a volume of 342,130 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have commented on X shares. BMO Capital Markets upped their target price on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. TD Securities upped their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Finally, Barclays upped their target price on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$47.19.
Read Our Latest Report on TMX Group
TMX Group Trading Up 0.6 %
TMX Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, February 21st. This is an increase from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio is 42.72%.
Insider Activity at TMX Group
In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. 1.15% of the stock is owned by insiders.
About TMX Group
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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