EQB Inc. (TSE:EQB – Get Free Report) insider Loblaw Companies Limited acquired 16,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of C$126.79 per share, for a total transaction of C$2,028,640.00. Following the completion of the transaction, the insider owned 1,516,100 shares in the company, valued at C$192,226,319. The trade was a 1.07% increase in their ownership of the stock.
Loblaw Companies Limited also recently made the following trade(s):
- On Wednesday, September 2nd, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were purchased at an average price of C$127.81 per share, with a total value of C$2,044,960.00.
- On Thursday, September 3rd, Loblaw Companies Limited bought 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 stock was acquired at an average cost of C$133.47 per share, with a total value of C$1,067,760.00.
- On Wednesday, August 26th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired 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 purchased 16,000 shares of EQB stock. The stock was acquired at an average price of C$124.91 per share, for a total transaction of C$1,998,560.00.
- On Thursday, August 20th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were acquired at an average cost of C$134.00 per share, for a total transaction 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 price 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 stock was acquired at an average cost of C$137.62 per share, with a total value of C$1,100,960.00.
- On Wednesday, July 15th, Loblaw Companies Limited bought 6,100 shares of EQB stock. The shares were bought at an average price 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 bought at an average price of C$144.62 per share, for a total transaction of C$1,156,960.00.
EQB Trading Down 0.8%
Shares of TSE:EQB traded down C$1.05 on Friday, reaching C$132.92. 113,816 shares of the company were exchanged, compared to its average volume of 121,772. The company has a 50-day moving average of C$137.22 and a 200-day moving average of C$124.06. The firm has a market cap of C$5.66 billion, a price-to-earnings ratio of -474.71, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83. EQB Inc. has a 1-year low of C$83.93 and a 1-year high of C$150.32.
EQB Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. This is a positive change from EQB’s previous quarterly dividend of $0.59. EQB’s payout ratio is -828.57%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Raymond James Financial lowered EQB from a “hold” rating to a “strong sell” rating and decreased their price target for the stock from C$136.00 to C$120.00 in a research note on Friday, August 28th. Royal Bank Of Canada lifted their price objective on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Canadian Imperial Bank of Commerce reduced their price objective on EQB from C$165.00 to C$154.00 and set an “outperformer” rating for the company in a report on Friday, August 28th. National Bank Financial boosted their target price on 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. Finally, Desjardins lowered their target price on EQB from C$155.00 to C$150.00 and set a “buy” rating on the stock in a report on Friday, August 28th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, EQB currently has an average rating of “Hold” and a consensus price target of C$139.10.
Read Our Latest Analysis on EQB
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.
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