Equitable Group Inc. (TSE:EQB) insider Stephen Smith purchased 3,700 shares of the business’s stock in a transaction dated Thursday, April 26th. The stock was bought at an average price of C$55.50 per share, with a total value of C$205,350.00.

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

  • On Tuesday, April 24th, Stephen Smith purchased 500 shares of Equitable Group stock. The stock was 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 purchased 7,800 shares of Equitable Group stock. The stock was 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 purchased 25,000 shares of Equitable Group stock. The stock was bought at an average price of C$53.00 per share, with a total value of C$1,325,000.00.

TSE:EQB opened at C$56.83 on Friday. Equitable Group Inc. has a twelve month low of C$36.15 and a twelve month high of C$72.98.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, April 5th were issued a dividend of $0.26 per share. This is an increase from Equitable Group’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.83%. The ex-dividend date was Wednesday, March 14th.

A number of brokerages have recently issued reports on EQB. BMO Capital Markets reiterated an “outperform” rating and issued a C$65.00 price target on shares of Equitable Group in a report on Tuesday, April 10th. National Bank Financial increased their price target on shares of Equitable Group from C$68.00 to C$70.00 and gave the company a “sector perform” rating in a report on Thursday, February 1st. Scotiabank cut their price target on shares of Equitable Group from C$68.00 to C$67.00 and set a “sector perform” rating for the company in a report on Friday, March 2nd. TD Securities cut their price target on shares of Equitable Group from C$77.00 to C$70.00 in a report on Friday, March 2nd. Finally, Royal Bank of Canada dropped their target price on shares of Equitable Group from C$74.00 to C$73.00 and set a “sector perform” rating for the company in a report on Friday, March 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$70.88.

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.

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

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