Equitable Group Inc. (EQB) Insider Stephen Smith Acquires 10,000 Shares

Equitable Group Inc. (TSE:EQB) insider Stephen Smith acquired 10,000 shares of Equitable Group stock in a transaction on Thursday, May 3rd. The shares were bought at an average price of C$55.49 per share, with a total value of C$554,900.00.

Stephen Smith also recently made the following trade(s):

  • On Thursday, April 26th, Stephen Smith acquired 3,700 shares of Equitable Group stock. The shares were bought at an average price of C$55.50 per share, with a total value of C$205,350.00.
  • On Tuesday, April 24th, Stephen Smith acquired 500 shares of Equitable Group stock. The shares were bought at an average price of C$55.40 per share, with a total value of C$27,700.00.
  • On Tuesday, April 3rd, Stephen Smith acquired 7,800 shares of Equitable Group stock. The shares were bought at an average price of C$52.99 per share, with a total value of C$413,322.00.
  • On Thursday, March 29th, Stephen Smith acquired 25,000 shares of Equitable Group stock. The shares were bought at an average price of C$53.00 per share, with a total value of C$1,325,000.00.

Shares of TSE:EQB traded up C$1.05 during trading on Friday, reaching C$56.35. 34,700 shares of the company’s stock traded hands, compared to its average volume of 30,624. Equitable Group Inc. has a fifty-two week low of C$44.75 and a fifty-two week high of C$72.98.

Equitable Group (TSE:EQB) last posted its earnings results on Wednesday, February 28th. The company reported C$2.36 EPS for the quarter, beating the Zacks’ consensus estimate of C$2.30 by C$0.06. Equitable Group had a return on equity of 15.06% and a net margin of 45.86%. The firm had revenue of C$88.20 million for the quarter, compared to analysts’ expectations of C$85.00 million.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, April 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This is a boost from Equitable Group’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.85%.

EQB has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and set a C$65.00 price objective on shares of Equitable Group in a research note on Tuesday, April 10th. National Bank Financial reduced their price objective on Equitable Group from C$67.00 to C$64.00 and set a “sector perform” rating for the company in a research note on Tuesday. TD Securities reduced their price objective on Equitable Group from C$77.00 to C$70.00 in a research note on Friday, March 2nd. Scotiabank reduced their price objective on Equitable Group from C$68.00 to C$67.00 and set a “sector perform” rating for the company in a research note on Friday, March 2nd. Finally, Royal Bank of Canada dropped their target price on Equitable Group from C$74.00 to C$73.00 and set a “sector perform” rating on the stock in a research report on Friday, March 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$70.50.

Equitable Group Company Profile

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.

Insider Buying and Selling by Quarter for Equitable Group (TSE:EQB)

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