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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 8,000 shares of EQB stock in a transaction dated Thursday, September 3rd. The stock was purchased at an average cost of C$133.12 per share, for a total transaction of C$1,064,960.00. Following the completion of the acquisition, the insider directly owned 1,556,100 shares of the company’s stock, valued at approximately C$207,148,032. The trade was a 0.52% increase in their position.

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

• On Monday, August 31st, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were purchased 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 purchased 16,000 shares of EQB stock. The shares were purchased at an average cost of C$127.81 per share, with a total value of C$2,044,960.00.
• On Monday, August 24th, Loblaw Companies Limited purchased 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.
• On Wednesday, August 26th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased 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 stock was purchased 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 purchased 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 bought 8,000 shares of EQB stock. The shares were purchased at an average price of C$142.40 per share, with a total value of C$1,139,200.00.
• On Thursday, August 6th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were purchased at an average price of C$137.62 per share, with a total value of C$1,100,960.00.
• On Wednesday, July 15th, Loblaw Companies Limited bought 6,100 shares of EQB stock. The stock was acquired at an average cost of C$143.88 per share, with a total value of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired at an average price of C$144.62 per share, for a total transaction of C$1,156,960.00.

EQB Stock Down 0.8%

EQB stock opened at C$132.92 on Friday. The company has a market cap of C$5.66 billion, a price-to-earnings ratio of -474.71, a PEG ratio of 0.34 and a beta of 0.83. The firm’s fifty day moving average is C$137.22 and its 200 day moving average is C$124.06. EQB Inc. has a 52-week low of C$83.93 and a 52-week high of C$150.32.

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

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from EQB’s previous quarterly dividend of $0.59. EQB’s payout ratio is -828.57%.

Analyst Upgrades and Downgrades

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