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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 16,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average cost of C$125.07 per share, for a total transaction of C$2,001,120.00. Following the acquisition, the insider owned 1,772,100 shares of the company’s stock, valued at approximately C$221,636,547. The trade was a 0.91% increase in their ownership of the stock.

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

• On Friday, September 25th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were bought at an average cost of C$127.05 per share, with a total value of C$1,016,400.00.
• On Monday, September 21st, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were bought at an average cost of C$126.07 per share, with a total value of C$2,017,120.00.
• On Tuesday, September 15th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was bought at an average price of C$126.95 per share, for a total transaction of C$2,031,200.00.
• On Thursday, September 17th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was bought at an average cost of C$126.90 per share, for a total transaction of C$2,030,400.00.
• On Tuesday, September 8th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were bought 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 purchased 16,000 shares of EQB stock. The shares were bought at an average cost of C$128.16 per share, with a total value of C$2,050,560.00.
• On Monday, August 31st, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were bought at an average cost of C$126.79 per share, with a total value of C$2,028,640.00.
• On Wednesday, September 2nd, Loblaw Companies Limited acquired 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 acquired 8,000 shares of EQB stock. The stock was 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 acquired 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.

EQB Price Performance

Shares of EQB stock traded down C$0.17 during mid-day trading on Friday, hitting C$126.20. The stock had a trading volume of 61,027 shares, compared to its average volume of 123,349. 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$4.62 billion, a PE ratio of -450.71, a PEG ratio of 0.34 and a beta of 0.83. The company’s 50-day simple moving average is C$134.07 and its 200-day simple moving average is C$125.09.

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

EQB Increases Dividend

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

Wall Street Analyst Weigh In

EQB has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their target price on EQB from C$131.00 to C$146.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Canadian Imperial Bank of Commerce cut 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 report on Friday, August 28th. TD upped their target price on shares of EQB from C$123.00 to C$154.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Jefferies Financial Group dropped their price objective on EQB from C$128.00 to C$127.00 in a research note on Thursday, September 3rd. Finally, Scotiabank decreased their target price on EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.