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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 16,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was 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 approximately C$210,749,695. This trade represents 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 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 bought 16,000 shares of EQB stock. The stock was bought 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 shares were bought 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 purchased 16,000 shares of EQB stock. The shares were bought at an average cost of C$127.81 per share, with a total value of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were bought 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 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 acquired 8,000 shares of EQB stock. The stock was bought at an average cost of C$137.01 per share, for a total transaction 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 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 shares were bought at an average price of C$134.00 per share, with a total value of C$1,072,000.00.

EQB Trading Down 1.3%

EQB stock traded down C$1.61 during midday trading on Friday, hitting C$123.78. The stock had a trading volume of 91,029 shares, compared to its average volume of 121,195. The firm’s fifty day moving average is C$135.97 and its two-hundred day moving average is C$124.79. The company has a market capitalization of C$4.53 billion, a PE ratio of -442.07, a P/E/G 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 quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. The business 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 fiscal year.

EQB Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on EQB. Canadian Imperial Bank of Commerce decreased their price target on EQB from C$165.00 to C$154.00 and set an “outperformer” rating on the stock in a report on Friday, August 28th. Raymond James Financial lowered EQB from a “hold” rating to a “strong sell” rating and dropped their price objective for the stock from C$136.00 to C$120.00 in a research note on Friday, August 28th. Desjardins decreased their target price on EQB from C$155.00 to C$150.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Royal Bank Of Canada boosted their price target on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Finally, TD upped their price target on EQB from C$123.00 to C$154.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, EQB presently has a consensus rating of “Hold” and a consensus 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.