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

EQB Inc. (TSE:EQB) insider Loblaw Companies Limited bought 16,000 shares of EQB stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of C$126.95 per share, for a total transaction of C$2,031,200.00. Following the acquisition, the insider directly owned 1,660,100 shares in the company, valued at approximately C$210,749,695. This trade represents a 0.97% increase in their position.

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

• On Thursday, September 17th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased at an average cost of C$126.90 per share, with a total value of C$2,030,400.00.
• On Tuesday, September 8th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was purchased at an average price of C$130.24 per share, with a total value of C$2,083,840.00.
• On Thursday, September 10th, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The shares were purchased at an average price of C$128.16 per share, for a total transaction of C$2,050,560.00.
• On Monday, August 31st, Loblaw Companies Limited purchased 16,000 shares of EQB stock. The stock was purchased 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 purchased 16,000 shares of EQB stock. The stock was purchased at an average cost of C$127.81 per share, for a total transaction of C$2,044,960.00.
• On Thursday, September 3rd, Loblaw Companies Limited acquired 8,000 shares of EQB stock. The stock was purchased at an average price of C$133.12 per share, with a total value 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 bought 8,000 shares of EQB stock. The shares were acquired at an average price of C$137.01 per share, for a total transaction of C$1,096,080.00.
• On Thursday, August 27th, Loblaw Companies Limited bought 16,000 shares of EQB stock. The stock was acquired at an average cost of C$124.91 per share, for a total transaction of C$1,998,560.00.
• On Thursday, August 20th, Loblaw Companies Limited purchased 8,000 shares of EQB stock. The stock was acquired at an average price of C$134.00 per share, with a total value of C$1,072,000.00.

EQB Price Performance

TSE EQB traded down C$1.61 during trading hours on Friday, reaching C$123.78. 91,029 shares of the company’s stock traded hands, compared to its average volume of 121,195. EQB Inc. has a 52-week low of C$83.93 and a 52-week high of C$150.32. The firm has a 50-day simple moving average of C$135.97 and a 200 day simple moving average of C$124.79. The firm has a market cap of C$4.53 billion, a PE ratio of -442.07, a PEG ratio of 0.34 and a beta of 0.83.

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. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. The firm had revenue of C$393.04 million during the quarter. Sell-side analysts forecast that EQB Inc. will post 12.5988235 EPS for the current fiscal year.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.0%. This is a positive change from EQB’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, September 15th. EQB’s dividend payout ratio is presently -828.57%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EQB. Jefferies Financial Group reduced their price objective on shares of EQB from C$128.00 to C$127.00 in a research note on Thursday, September 3rd. Desjardins decreased their target price on 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. Royal Bank Of Canada upped their target price on shares of EQB from C$131.00 to C$146.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. National Bank Financial raised their price target on shares of EQB from C$120.00 to C$143.00 and gave the company a “sector perform” rating in a report on Thursday, August 13th. Finally, Raymond James Financial lowered shares of EQB from a “hold” rating to a “strong sell” rating and reduced their price target for the stock from C$136.00 to C$120.00 in a research note on Friday, August 28th. Six 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.