Shares of TMX Group Limited (TSE:X – Get Free Report) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$47.19.
A number of equities analysts have recently issued reports on X shares. 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. 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. Finally, BMO Capital Markets increased their price objective on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th.
Get Our Latest Analysis on TMX Group
TMX Group Price Performance
TMX Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were issued a dividend of $0.20 per share. This is a boost from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.59%. TMX Group’s dividend payout ratio is presently 42.72%.
Insider Buying and Selling
In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the stock in a transaction 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 currently owned by corporate 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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