John Mckenzie Acquires 35,860 Shares of TMX Group (TSE:X) Stock

TMX Group Limited (TSE:XGet Free Report) insider John Mckenzie bought 35,860 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of C$55.84 per share, with a total value of C$2,002,422.40. Following the acquisition, the insider directly owned 136,634 shares of the company’s stock, valued at approximately 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 shares were sold at an average price of C$54.71, for a total value of C$3,828,058.70.

TMX Group Price Performance

Shares of TSE:X opened at C$54.47 on Wednesday. TMX Group Limited has a twelve month low of C$44.10 and a twelve month high of C$57.98. The company has a current ratio of 2.35, a quick ratio of 0.01 and a debt-to-equity ratio of 44.08. The company has a market cap of C$15.04 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 12.65 and a beta of -0.34. The company’s 50 day moving average is C$50.90 and its 200 day moving average is C$50.44.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, June 5th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd. TMX Group’s dividend payout ratio (DPR) is 46.07%.

Analyst Ratings Changes

Several research firms have commented on X. National Bank Financial upped their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th. BMO Capital Markets boosted their price objective on TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Scotia upped their target price on TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group dropped their target price 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, Barclays lifted their price target on TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, TMX Group has an average rating of “Moderate Buy” and a consensus target price 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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