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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 16,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of C$128.16 per share, with a total value of C$2,050,560.00. Following the purchase, the insider owned 1,612,100 shares of the company’s stock, valued at C$206,606,736. This 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 acquired 16,000 shares of EQB stock. The stock was bought at an average price of C$130.24 per share, for a total transaction of C$2,083,840.00.
• On Monday, August 31st, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was bought at an average cost of C$126.79 per share, for a total transaction of C$2,028,640.00.
• On Wednesday, September 2nd, Loblaw Companies Limited acquired 16,000 shares of EQB stock. The shares were bought 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 purchased 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 acquired 8,000 shares of EQB stock. The shares were purchased 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 acquired 8,000 shares of EQB stock. The stock was acquired at an average price 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 shares were acquired 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 bought 8,000 shares of EQB stock. The stock was 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 acquired 8,000 shares of EQB stock. The shares were purchased 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 purchased 8,000 shares of EQB stock. The shares were purchased at an average price of C$137.62 per share, for a total transaction of C$1,100,960.00.

EQB Stock Up 1.3%

Shares of TSE:EQB traded up C$1.65 during midday trading on Friday, reaching C$130.16. The company’s stock had a trading volume of 37,691 shares, compared to its average volume of 121,321. EQB Inc. has a 12-month low of C$83.93 and a 12-month high of C$150.32. The firm has a market capitalization of C$5.54 billion, a P/E ratio of -464.86, a PEG ratio of 0.34 and a beta of 0.83. The firm has a 50 day moving average of C$136.93 and a 200-day moving average of C$124.40.

EQB (TSE:EQB) last released its earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts predict that EQB Inc. will post 12.5988235 EPS for the current year.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. This is an increase from EQB’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, September 15th. EQB’s payout ratio is -828.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EQB shares. TD raised their price target 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. Royal Bank Of Canada raised their target price on shares of EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. National Bank Financial boosted their target price on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Jefferies Financial Group dropped their target price on EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Finally, Desjardins reduced their price target on shares of EQB from C$155.00 to C$150.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, EQB currently has a consensus rating of “Hold” and an average price target 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.