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

EQB Inc. (TSE:EQB - Get Free Report) insider Loblaw Companies Limited purchased 16,000 shares of the business's stock in a transaction dated Thursday, September 17th. The stock was bought at an average cost of C$126.90 per share, for a total transaction of C$2,030,400.00. Following the purchase, the insider owned 1,692,100 shares in the company, valued at C$214,727,490. This trade represents a 0.95% increase in their ownership of the stock.

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

• On Tuesday, September 15th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were bought at an average cost of C$126.95 per share, with a total value of C$2,031,200.00.
• On Tuesday, September 8th, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were bought at an average cost 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 stock was bought at an average price of C$128.16 per share, with a total value of C$2,050,560.00.
• On Monday, August 31st, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was 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 stock was bought at an average cost of C$127.81 per share, for a total transaction of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited purchased 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 purchased 8,000 shares of EQB stock. The stock was purchased at an average price 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 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 bought 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 shares were purchased at an average cost of C$134.00 per share, for a total transaction of C$1,072,000.00.

EQB Stock Down 1.0%

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Shares of EQB stock opened at C$124.18 on Friday. EQB Inc. has a 12-month low of C$83.93 and a 12-month high of C$150.32. The firm has a fifty day moving average of C$135.69 and a 200-day moving average of C$124.78. The firm has a market capitalization of C$4.55 billion, a price-to-earnings ratio of -443.50, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83.

EQB (TSE:EQB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported C$2.12 EPS for the quarter. The business had revenue of C$393.04 million for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. Research analysts expect that EQB Inc. will post 12.5988235 earnings per share for the current year.

EQB Increases Dividend

The firm 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 dividend of $0.63 per share. 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 of this dividend is Tuesday, September 15th. EQB's payout ratio is -828.57%.

Wall Street Analyst Weigh In

EQB has been the subject of several research analyst reports. Jefferies Financial Group decreased their price objective on EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Raymond James Financial downgraded shares of EQB from a "hold" rating to a "strong sell" rating and dropped their target price for the stock from C$136.00 to C$120.00 in a report on Friday, August 28th. Desjardins cut their price target on shares of 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. Scotiabank cut their price target on shares of EQB from C$141.00 to C$135.00 in a research note on Monday, August 31st. Finally, Royal Bank Of Canada upped their price target on shares of EQB from C$131.00 to C$146.00 and gave the company an "outperform" rating in a report on Friday, August 28th. Six investment 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 MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$139.10.

Check Out Our Latest Research Report on EQB

EQB Company Profile

(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.

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