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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 16,000 shares of EQB stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of C$126.79 per share, with a total value of C$2,028,640.00. Following the completion of the purchase, the insider owned 1,516,100 shares in the company, valued at approximately C$192,226,319. This trade represents 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 bought 16,000 shares of EQB stock. The shares were acquired at an average price 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, 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 stock was bought at an average cost 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 bought 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 acquired 16,000 shares of EQB stock. The shares were bought at an average price of C$124.91 per share, with a total value of C$1,998,560.00.
• On Thursday, August 20th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were bought at an average price of C$134.00 per share, with a total value of C$1,072,000.00.
• On Tuesday, August 4th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were bought at an average cost of C$142.40 per share, for a total transaction of C$1,139,200.00.
• On Thursday, August 6th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was bought at an average price of C$137.62 per share, for a total transaction of C$1,100,960.00.
• On Wednesday, July 15th, Loblaw Companies Limited bought 6,100 shares of EQB stock. The stock was 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 cost of C$144.62 per share, with a total value of C$1,156,960.00.

EQB Stock Down 0.8%

EQB opened at C$132.92 on Friday. EQB Inc. has a twelve month low of C$83.93 and a twelve month high of C$150.32. The company has a 50-day moving average price of C$137.22 and a 200 day moving average price of C$124.06. The company has a market cap of C$5.66 billion, a PE ratio of -474.71, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83.

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

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.61 per share. The ex-dividend date was Monday, June 15th. This is a positive change from EQB’s previous quarterly dividend of $0.59. This represents a $2.44 annualized dividend and a dividend yield of 1.8%. EQB’s dividend payout ratio (DPR) is presently -828.57%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EQB. Royal Bank Of Canada lifted their target price on shares of EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Desjardins lowered 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 report on Friday, August 28th. Raymond James Financial downgraded shares of EQB from a “hold” rating to a “strong sell” rating and cut their price objective for the company from C$136.00 to C$120.00 in a report on Friday, August 28th. Scotiabank lowered their target price on EQB from C$141.00 to C$135.00 in a report on Monday, August 31st. Finally, TD upped their price objective on shares of EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.