Insider Buying: EQB (TSE:EQB) Insider Purchases 8,000 Shares

EQB Inc. (TSE:EQB - Get Free Report) insider Loblaw Companies Limited acquired 8,000 shares of EQB stock in a transaction on Thursday, September 3rd. The shares were purchased at an average price 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 in the company, valued at C$207,148,032. This trade represents a 0.52% increase in their ownership of the stock.

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

• On Monday, August 31st, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased at an average price 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, for a total transaction 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 cost of C$133.47 per share, for a total transaction of C$1,067,760.00.
• On Wednesday, August 26th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were 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 acquired 16,000 shares of EQB stock. The stock was purchased 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 stock was acquired 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 acquired 8,000 shares of EQB stock. The stock was acquired at an average cost 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 acquired at an average price of C$137.62 per share, for a total transaction of C$1,100,960.00.
• On Wednesday, July 15th, Loblaw Companies Limited bought 6,100 shares of EQB stock. The shares were acquired at an average cost of C$143.88 per share, for a total transaction of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The shares were acquired at an average cost of C$144.62 per share, for a total transaction of C$1,156,960.00.

EQB Stock Performance

---

---

TSE:EQB opened at C$132.92 on Friday. The firm has a 50-day simple moving average of C$137.22 and a 200-day simple moving average of C$124.06. EQB Inc. has a one year low of C$83.93 and a one year high of C$150.32. The firm has a market cap of C$5.66 billion, a P/E ratio of -474.71, a P/E/G ratio of 0.34 and a beta of 0.83.

EQB (TSE:EQB - Get Free Report) last released 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 for the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. On average, research analysts predict that EQB Inc. will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.61 per share. This is an increase from EQB's previous quarterly dividend of $0.59. This represents a $2.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, June 15th. EQB's dividend payout ratio (DPR) is currently -828.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EQB. Jefferies Financial Group cut their price target on EQB from C$128.00 to C$127.00 in a report on Thursday. National Bank Financial raised their price objective on EQB from C$120.00 to C$143.00 and gave the company a "sector perform" rating in a research report on Thursday, August 13th. TD lifted their target price on EQB from C$123.00 to C$154.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Scotiabank reduced their target price on shares of EQB from C$141.00 to C$135.00 in a report on Monday, August 31st. Finally, Desjardins reduced their target price on shares of EQB from C$155.00 to C$150.00 and set a "buy" rating for the company in a report on Friday, August 28th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$139.10.

View Our Latest Stock Report on EQB

About EQB

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than EQB
• Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
• Is Duolingo the Next Netflix-Style Comeback Story?
• GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
• GTA VI's Console Problem Isn't Take-Two's Problem

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].