EQB (TSE:EQB) Insider Loblaw Companies Limited Purchases 8,000 Shares of Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of EQB stock in a transaction on Friday, September 25th. The stock was acquired at an average cost of C$127.05 per share, with a total value of C$1,016,400.00. Following the acquisition, the insider owned 1,780,100 shares of the company’s stock, valued at C$226,161,705. This trade represents a 0.45% increase in their position.

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

• On Thursday, September 24th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The shares were bought at an average price of C$125.07 per share, for a total transaction of C$2,001,120.00.
• On Monday, September 21st, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were bought at an average cost of C$126.07 per share, for a total transaction of C$2,017,120.00.
• On Tuesday, September 15th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was bought at an average price of C$126.95 per share, with a total value of C$2,031,200.00.
• On Thursday, September 17th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was bought at an average price 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 acquired 16,000 shares of EQB stock. The shares were 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 acquired 16,000 shares of EQB stock. The shares were bought 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 bought 8,000 shares of EQB stock. The stock was 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 bought 8,000 shares of EQB stock. The stock was bought at an average cost of C$133.47 per share, with a total value of C$1,067,760.00.

EQB Stock Down 0.1%

Shares of EQB traded down C$0.17 on Friday, reaching 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 twelve month low of C$83.93 and a twelve month high of C$150.32. The firm has a market capitalization of C$4.62 billion, a PE ratio of -450.71, a PEG ratio of 0.34 and a beta of 0.83. The firm has a 50-day moving average of C$134.07 and a 200 day moving average of C$125.09.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. The firm 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, sell-side analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

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

Analyst Ratings Changes

EQB has been the topic of several recent research reports. TD boosted their price objective 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. National Bank Financial raised their target price on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Jefferies Financial Group cut their target price on shares of EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Scotiabank lowered their price target on shares of EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st. Finally, Desjardins dropped their price objective on shares of 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. Six equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.