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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 16,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average price of C$130.24 per share, with a total value of C$2,083,840.00. Following the completion of the acquisition, the insider owned 1,580,100 shares in the company, valued at approximately C$205,792,224. The trade was a 1.02% increase in their position.

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

• On Thursday, September 10th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was acquired 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 bought 16,000 shares of EQB stock. The shares were 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 stock was acquired 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 stock was acquired at an average price of C$133.12 per share, for a total transaction of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired at an average cost 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 acquired 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 shares were acquired at an average price of C$124.91 per share, with a total value 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.
• On Tuesday, August 4th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was bought 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 acquired 8,000 shares of EQB stock. The stock was bought at an average price of C$137.62 per share, for a total transaction of C$1,100,960.00.

EQB Trading Up 0.8%

TSE EQB opened at C$129.60 on Friday. EQB Inc. has a 1-year low of C$83.93 and a 1-year high of C$150.32. The stock has a 50-day moving average of C$136.74 and a 200-day moving average of C$124.43. The firm has a market cap of C$5.52 billion, a PE ratio of -462.86, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83.

EQB (TSE:EQB) last posted its quarterly 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 for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. As a group, equities research analysts forecast that EQB Inc. will post 12.5988235 earnings per share for the current fiscal 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 paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from EQB’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, September 15th. EQB’s payout ratio is currently -828.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EQB. National Bank Financial lifted their target price on shares of EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. 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 report on Friday, August 28th. Royal Bank Of Canada raised their price target 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. Scotiabank decreased their price objective on shares of EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st. Finally, TD upped their price objective on shares of EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a research note on Friday, August 14th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.