Loblaw Companies Limited Purchases 16,000 Shares of EQB (TSE:EQB) Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited acquired 16,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of C$128.16 per share, for a total transaction of C$2,050,560.00. Following the purchase, the insider directly 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 bought 16,000 shares of EQB stock. The shares were acquired at an average price of C$130.24 per share, with a total value of C$2,083,840.00.
• On Monday, August 31st, Loblaw Companies Limited bought 16,000 shares of EQB stock. The shares were acquired 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 bought 16,000 shares of EQB stock. The shares were acquired at an average cost of C$127.81 per share, with a total value of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired at an average price of C$133.12 per share, for a total transaction of C$1,064,960.00.
• On Monday, August 24th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were acquired 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 acquired 8,000 shares of EQB stock. The shares were acquired at an average cost of C$137.01 per share, with a total value of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was bought at an average cost of C$124.91 per share, for a total transaction of C$1,998,560.00.
• On Thursday, August 20th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The shares were bought 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 stock was bought 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 acquired 8,000 shares of EQB stock. The stock was bought at an average cost of C$137.62 per share, for a total transaction of C$1,100,960.00.

EQB Stock Up 0.8%

EQB stock opened at C$129.60 on Friday. EQB Inc. has a twelve month low of C$83.93 and a twelve month high of C$150.32. The stock has a market cap of C$5.52 billion, a P/E ratio of -462.86, a PEG 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 announced its quarterly earnings data on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. The company had revenue of C$393.04 million during the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%. On average, equities research analysts expect that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a $0.63 dividend. The ex-dividend date is Tuesday, September 15th. 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 1.9%. EQB’s dividend payout ratio (DPR) is currently -828.57%.

Analyst Ratings Changes

Several analysts have recently commented on EQB shares. Jefferies Financial Group decreased their price objective on shares of EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Desjardins dropped 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. National Bank Financial increased their price target on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Royal Bank Of Canada increased their price target on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Finally, Scotiabank decreased their price target on EQB from C$141.00 to C$135.00 in a report on Monday, August 31st. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$139.10.

About EQB

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.