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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 16,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average price of C$126.95 per share, for a total transaction of C$2,031,200.00. Following the completion of the transaction, the insider directly owned 1,660,100 shares of the company’s stock, valued at C$210,749,695. The trade was a 0.97% increase in their position.

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

• On Thursday, September 17th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were acquired at an average cost of C$126.90 per share, with a total value of C$2,030,400.00.
• On Tuesday, September 8th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was acquired at an average price 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 acquired at an average cost 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 acquired at an average cost 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 shares were bought 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 purchased 8,000 shares of EQB stock. The stock was bought at an average price 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 stock was bought 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 stock was bought at an average cost of C$137.01 per share, with a total value of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were bought at an average price 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 shares were bought at an average cost of C$134.00 per share, for a total transaction of C$1,072,000.00.

EQB Stock Down 1.0%

Shares of TSE:EQB opened at C$124.18 on Friday. The business has a fifty day moving average of C$135.69 and a two-hundred day moving average of C$124.78. The stock has a market cap of C$4.55 billion, a P/E ratio of -443.50, a PEG ratio of 0.34 and a beta of 0.83. EQB Inc. has a 52-week low of C$83.93 and a 52-week high of C$150.32.

EQB (TSE:EQB) last issued its earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, September 15th. This is an increase from EQB’s previous quarterly dividend of $0.61. This represents a $2.52 annualized dividend and a yield of 2.0%. EQB’s dividend payout ratio (DPR) is -828.57%.

Analyst Ratings Changes

EQB has been the subject of several analyst reports. Canadian Imperial Bank of Commerce dropped their price target on shares of EQB from C$165.00 to C$154.00 and set an “outperformer” rating for the company in a research note on Friday, August 28th. TD upped their price objective on EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a report on Friday, August 14th. Scotiabank decreased their price objective on EQB from C$141.00 to C$135.00 in a report on Monday, August 31st. National Bank Financial increased their price objective on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Finally, Raymond James Financial cut EQB from a “hold” rating to a “strong sell” rating and cut their target price for the stock from C$136.00 to C$120.00 in a research note on Friday, August 28th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock 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.