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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 16,000 shares of EQB stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of C$128.16 per share, for a total transaction of C$2,050,560.00. Following the acquisition, the insider owned 1,612,100 shares in the company, valued at approximately C$206,606,736. This trade represents a 1.00% increase in their ownership of the stock.

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

• On Tuesday, September 8th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was purchased at an average cost of C$130.24 per share, with a total value of C$2,083,840.00.
• On Monday, August 31st, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The stock was 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 acquired 16,000 shares of EQB stock. The shares were purchased at an average price of C$127.81 per share, with a total value of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were 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 bought 8,000 shares of EQB stock. The shares were purchased at an average cost of C$133.47 per share, for a total transaction of C$1,067,760.00.
• On Wednesday, August 26th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was purchased at an average price of C$137.01 per share, for a total transaction of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was purchased at an average cost of C$124.91 per share, with a total value of C$1,998,560.00.
• On Thursday, August 20th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was purchased at an average cost of C$134.00 per share, with a total value of C$1,072,000.00.
• On Tuesday, August 4th, Loblaw Companies Limited purchased 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 purchased 8,000 shares of EQB stock. The shares were purchased at an average cost of C$137.62 per share, for a total transaction of C$1,100,960.00.

EQB Stock Performance

EQB opened at C$129.60 on Friday. EQB Inc. has a one year low of C$83.93 and a one year high of C$150.32. The stock has a market capitalization of C$5.52 billion, a PE ratio of -462.86, a P/E/G ratio of 0.34 and a beta of 0.83. The business’s 50 day moving average price is C$136.74 and its 200 day moving average price is C$124.43.

EQB (TSE:EQB) last issued its quarterly earnings data on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%.The company had revenue of C$393.04 million during the quarter. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from EQB’s previous quarterly dividend of $0.61. EQB’s dividend payout ratio is -828.57%.

Analyst Upgrades and Downgrades

A number of research firms have commented on EQB. Scotiabank decreased their target price on shares of EQB from C$141.00 to C$135.00 in a research report on Monday, August 31st. Jefferies Financial Group dropped their price target on shares of EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. TD boosted their price target 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. National Bank Financial upped their price objective on shares of EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce lowered their price objective 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. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.