Loblaw Companies Limited Buys 8,000 Shares of EQB (TSE:EQB) Stock

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of C$142.40 per share, for a total transaction of C$1,139,200.00. Following the completion of the acquisition, the insider owned 1,330,100 shares of the company’s stock, valued at approximately C$189,406,240. This represents a 0.61% increase in their ownership of the stock.

Loblaw Companies Limited also recently made the following trade(s):

• On Thursday, August 6th, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The shares were purchased 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 acquired 6,100 shares of EQB stock. The shares were purchased at an average price of C$143.88 per share, with a total value of C$877,668.00.
• On Friday, July 17th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was purchased at an average cost of C$144.62 per share, for a total transaction of C$1,156,960.00.
• On Monday, July 20th, Loblaw Companies Limited bought 8,000 shares of EQB stock. The stock was purchased at an average price of C$141.57 per share, for a total transaction of C$1,132,560.00.

EQB Stock Up 1.4%

TSE:EQB opened at C$140.01 on Friday. EQB Inc. has a twelve month low of C$83.93 and a twelve month high of C$150.32. The business has a 50 day moving average price of C$132.01 and a two-hundred day moving average price of C$120.69. The company has a market cap of C$4.96 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92.

EQB (TSE:EQB) last issued its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 earnings per share for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%. The company had revenue of C$302.36 million during the quarter. As a group, analysts anticipate that EQB Inc. will post 12.5988235 earnings per share for the current fiscal year.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.7%. This is an increase from EQB’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, June 15th. EQB’s payout ratio is 44.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EQB shares. Scotiabank boosted their price target on shares of EQB from C$122.00 to C$125.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Desjardins lifted their target price on EQB from C$132.00 to C$155.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group upped their target price on EQB from C$110.00 to C$112.00 in a report on Wednesday, May 20th. TD reduced their price target on EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research report on Thursday, May 28th. Finally, Raymond James Financial decreased their price target on EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EQB presently has a consensus rating of “Hold” and an average target price of C$124.80.

EQB Company Profile

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.