Equitable Group Inc. (EQB) Insider Acquires C$55,100.00 in Stock

Equitable Group Inc. (TSE:EQB) insider Stephen Smith bought 1,000 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was bought at an average cost of C$55.10 per share, for a total transaction of C$55,100.00.

Stephen Smith also recently made the following trade(s):

  • On Thursday, May 3rd, Stephen Smith purchased 10,000 shares of Equitable Group stock. The stock was acquired at an average price of C$55.49 per share, for a total transaction of C$554,900.00.
  • On Thursday, April 26th, Stephen Smith purchased 3,700 shares of Equitable Group stock. The stock was acquired at an average price of C$55.50 per share, for a total transaction of C$205,350.00.
  • On Tuesday, April 24th, Stephen Smith purchased 500 shares of Equitable Group stock. The stock was acquired at an average price of C$55.40 per share, for a total transaction of C$27,700.00.
  • On Tuesday, April 3rd, Stephen Smith purchased 7,800 shares of Equitable Group stock. The stock was acquired at an average price of C$52.99 per share, for a total transaction of C$413,322.00.
  • On Thursday, March 29th, Stephen Smith purchased 25,000 shares of Equitable Group stock. The stock was acquired at an average price of C$53.00 per share, for a total transaction of C$1,325,000.00.

Equitable Group opened at C$56.81 on Wednesday, MarketBeat Ratings reports. Equitable Group Inc. has a 1-year low of C$48.01 and a 1-year high of C$72.98.

Equitable Group (TSE:EQB) last posted its earnings results on Wednesday, February 28th. The company reported C$2.36 EPS for the quarter, topping the Zacks’ consensus estimate of C$2.30 by C$0.06. The company had revenue of C$88.20 million for the quarter, compared to the consensus estimate of C$85.00 million. Equitable Group had a return on equity of 15.06% and a net margin of 45.86%.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Friday, June 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.90%. This is an increase from Equitable Group’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, June 14th.

A number of research firms recently weighed in on EQB. BMO Capital Markets restated an “outperform” rating and issued a C$65.00 price target on shares of Equitable Group in a research note on Tuesday, April 10th. National Bank Financial lifted their price target on Equitable Group from C$68.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Thursday, February 1st. Scotiabank decreased their price target on Equitable Group from C$68.00 to C$67.00 and set a “sector perform” rating on the stock in a research note on Friday, March 2nd. TD Securities decreased their price target on Equitable Group from C$77.00 to C$70.00 in a research note on Friday, March 2nd. Finally, Royal Bank of Canada decreased their price target on Equitable Group from C$74.00 to C$73.00 and set a “sector perform” rating on the stock in a research note on Friday, March 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$70.25.

About Equitable Group

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.

Insider Buying and Selling by Quarter for Equitable Group (TSE:EQB)

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