Insider Selling: Equitable Group Inc. (EQB) Insider Sells C$30,724.83 in Stock
Equitable Group Inc. (TSE:EQB) insider Isabelle Farella sold 487 shares of Equitable Group stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$63.09, for a total transaction of C$30,724.83.
Equitable Group Inc. (TSE:EQB) traded up C$0.63 during mid-day trading on Friday, hitting C$63.95. The company had a trading volume of 20,180 shares, compared to its average volume of 57,979. Equitable Group Inc. has a 12-month low of C$36.15 and a 12-month high of C$74.66.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from Equitable Group’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. Equitable Group’s payout ratio is currently 9.59%.
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Several analysts have recently weighed in on EQB shares. CIBC set a C$75.00 target price on Equitable Group and gave the stock an “outperform” rating in a research report on Monday, September 25th. TD Securities decreased their price objective on Equitable Group from C$71.00 to C$68.00 in a report on Monday, August 14th. Scotiabank lifted their price objective on Equitable Group from C$64.00 to C$68.00 and gave the company a “sector perform” rating in a report on Monday. Royal Bank Of Canada lifted their price objective on Equitable Group from C$61.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, November 10th. Finally, National Bank Financial lifted their price objective on Equitable Group from C$65.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$71.86.
About Equitable Group
Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.
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