EQB (TSE:EQB) Insider Loblaw Companies Limited Buys 16,000 Shares

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 16,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average price of C$127.81 per share, with a total value of C$2,044,960.00. Following the completion of the acquisition, the insider directly owned 1,548,100 shares in the company, valued at approximately C$197,862,661. This represents a 1.04% increase in their position.

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

• On Monday, August 31st, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were purchased at an average price of C$126.79 per share, for a total transaction of C$2,028,640.00.
• On Thursday, September 3rd, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were purchased at an average cost of C$133.12 per share, for a total transaction of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was 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 bought 8,000 shares of EQB stock. The stock was 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 bought 16,000 shares of EQB stock. The stock was purchased at an average cost of C$124.91 per share, with a total value of C$1,998,560.00.
• On Thursday, August 20th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was purchased at an average cost of C$134.00 per share, with a total value of C$1,072,000.00.
• On Tuesday, August 4th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were acquired at an average price of C$142.40 per share, for a total transaction of C$1,139,200.00.
• On Thursday, August 6th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were acquired at an average cost of C$137.62 per share, for a total transaction of C$1,100,960.00.
• On Wednesday, July 15th, Loblaw Companies Limited purchased 6,100 shares of EQB stock. The shares were acquired at an average cost of C$143.88 per share, for a total transaction of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was acquired at an average price of C$144.62 per share, with a total value of C$1,156,960.00.

EQB Stock Performance

Shares of EQB opened at C$132.92 on Friday. EQB Inc. has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The firm has a market cap of C$5.66 billion, a price-to-earnings ratio of -474.71, a PEG ratio of 0.34 and a beta of 0.83. The firm has a 50 day moving average price of C$137.22 and a 200-day moving average price of C$124.06.

EQB (TSE:EQB) last released its earnings results on Wednesday, August 26th. The company reported C$2.12 EPS for the quarter. The company had revenue of C$393.04 million for the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. As a group, equities research analysts predict 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 was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from EQB’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, June 15th. EQB’s payout ratio is -828.57%.

Analyst Upgrades and Downgrades

EQB has been the subject of a number of recent research reports. Desjardins lowered their target price on 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. TD raised their price target on EQB from C$123.00 to C$154.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Royal Bank Of Canada lifted their price target on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Raymond James Financial downgraded EQB from a “hold” rating to a “strong sell” rating and lowered their price objective for the company from C$136.00 to C$120.00 in a research report on Friday, August 28th. Finally, National Bank Financial increased their price objective on EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$139.10.

EQB Company Profile

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.