EQB (TSE:EQB) Insider Loblaw Companies Limited Acquires 16,000 Shares of Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 16,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was purchased at an average cost of C$126.90 per share, for a total transaction of C$2,030,400.00. Following the transaction, the insider owned 1,692,100 shares of the company’s stock, valued at approximately C$214,727,490. This trade represents a 0.95% increase in their ownership of the stock.

Loblaw Companies Limited also recently made the following trade(s):

• On Tuesday, September 15th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were purchased at an average cost of C$126.95 per share, with a total value of C$2,031,200.00.
• On Tuesday, September 8th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were purchased at an average cost of C$130.24 per share, with a total value of C$2,083,840.00.
• On Thursday, September 10th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased at an average price of C$128.16 per share, for a total transaction of C$2,050,560.00.
• On Monday, August 31st, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased at an average price of C$126.79 per share, for a total transaction of C$2,028,640.00.
• On Wednesday, September 2nd, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased at an average price of C$127.81 per share, for a total transaction of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were purchased at an average cost of C$133.12 per share, with a total value of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average price of C$133.47 per share, with a total value of C$1,067,760.00.
• On Wednesday, August 26th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were purchased at an average price of C$137.01 per share, with a total value of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was acquired at an average cost of C$124.91 per share, for a total transaction of C$1,998,560.00.
• On Thursday, August 20th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was acquired at an average price of C$134.00 per share, for a total transaction of C$1,072,000.00.

EQB Stock Performance

EQB stock opened at C$124.18 on Friday. EQB Inc. has a 52 week low of C$83.93 and a 52 week high of C$150.32. The firm has a market capitalization of C$4.55 billion, a PE ratio of -443.50, a PEG ratio of 0.34 and a beta of 0.83. The business’s 50-day simple moving average is C$135.69 and its 200-day simple moving average is C$124.78.

EQB (TSE:EQB) last announced its earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. The firm had revenue of C$393.04 million during the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. Research analysts forecast that EQB Inc. will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 15th. This is a positive change from EQB’s previous quarterly dividend of $0.61. EQB’s payout ratio is presently -828.57%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James Financial lowered shares of EQB from a “hold” rating to a “strong sell” rating and lowered their price target for the company from C$136.00 to C$120.00 in a report on Friday, August 28th. Scotiabank decreased their price objective on shares of EQB from C$141.00 to C$135.00 in a research note on Monday, August 31st. Royal Bank Of Canada raised their price objective on shares of EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Desjardins cut their target price on shares of EQB from C$155.00 to C$150.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Finally, National Bank Financial boosted their target price on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$139.10.

About EQB

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.