Equitable Group Inc. (TSE:EQB) Senior Officer Isabelle Farella sold 487 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$68.71, for a total transaction of C$33,461.77. Following the sale, the insider now owns 1,149 shares of the company’s stock, valued at approximately C$78,947.79.

TSE:EQB opened at C$67.41 on Monday. Equitable Group Inc. has a 52 week low of C$52.01 and a 52 week high of C$72.49. The stock has a market cap of $1.12 billion and a P/E ratio of 6.97.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. This is a positive change from Equitable Group’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, March 14th. Equitable Group’s dividend payout ratio (DPR) is currently 11.17%.

EQB has been the topic of a number of recent research reports. CIBC raised their price target on shares of Equitable Group from C$86.00 to C$90.00 in a research report on Tuesday, December 4th. TD Securities raised their price target on shares of Equitable Group from C$80.00 to C$82.00 in a research report on Tuesday, February 5th. Royal Bank of Canada raised their price target on shares of Equitable Group from C$75.00 to C$83.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Cormark raised their price target on shares of Equitable Group from C$76.00 to C$85.00 in a research report on Tuesday, December 4th. Finally, National Bank Financial raised their price target on shares of Equitable Group from C$73.00 to C$77.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$82.83.

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About Equitable Group

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.

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