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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 16,000 shares of the stock in a transaction dated Thursday, September 24th. The stock was acquired at an average cost of C$125.07 per share, with a total value of C$2,001,120.00. Following the purchase, the insider owned 1,772,100 shares of the company’s stock, valued at approximately C$221,636,547. This trade represents a 0.91% increase in their position.

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

• On Friday, September 25th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was bought at an average price of C$127.05 per share, with a total value of C$1,016,400.00.
• On Monday, September 21st, Loblaw Companies Limited bought 16,000 shares of EQB stock. The shares were bought at an average cost of C$126.07 per share, with a total value of C$2,017,120.00.
• On Tuesday, September 15th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were bought at an average price of C$126.95 per share, for a total transaction of C$2,031,200.00.
• On Thursday, September 17th, Loblaw Companies Limited acquired 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, 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 shares were purchased at an average price 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 purchased 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 purchased at an average price 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 shares were purchased at an average price of C$133.47 per share, with a total value of C$1,067,760.00.

EQB Stock Down 0.1%

TSE EQB traded down C$0.17 on Friday, hitting C$126.20. 61,027 shares of the stock were exchanged, compared to its average volume of 123,349. EQB Inc. has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The company has a 50-day moving average price of C$134.07 and a 200-day moving average price of C$125.09. The company has a market cap of C$4.62 billion, a PE ratio of -450.71, a PEG ratio of 0.34 and a beta of 0.83.

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

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.63 per share. This is a positive change from EQB’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. EQB’s dividend payout ratio (DPR) is presently -828.57%.

Wall Street Analyst Weigh In

EQB has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on EQB from C$131.00 to C$146.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Scotiabank lowered their price target on EQB from C$141.00 to C$135.00 in a report on Monday, August 31st. Raymond James Financial lowered shares of EQB from a “hold” rating to a “strong sell” rating and dropped their price target for the company from C$136.00 to C$120.00 in a research note on Friday, August 28th. Desjardins cut their price objective on shares of EQB from C$155.00 to C$150.00 and set a “buy” rating on the stock in a report on Friday, August 28th. Finally, National Bank Financial boosted 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 research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.