Equitable Group (EQB) Trading 1.7% Higher

Shares of Equitable Group Inc. (TSE:EQB) traded up 1.7% during mid-day trading on Tuesday . The company traded as high as C$66.60 and last traded at C$66.34. 20,344 shares changed hands during trading, a decline of 14% from the average session volume of 23,565 shares. The stock had previously closed at C$65.23.

A number of analysts recently issued reports on the company. TD Securities lifted their price objective on Equitable Group from C$71.00 to C$74.00 in a research report on Monday, November 13th. CIBC lifted their price objective on Equitable Group from C$75.00 to C$81.00 in a research report on Monday, November 13th. Laurentian reduced their price objective on Equitable Group from C$74.00 to C$72.00 in a research report on Monday, November 13th. Scotiabank lifted their price objective on Equitable Group from C$64.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Monday, November 13th. Finally, Laurentian Bank of Canada reduced their price objective on Equitable Group from C$74.00 to C$72.00 in a research report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$71.86.

The firm has a market capitalization of $1,110.00, a PE ratio of 7.00 and a beta of 1.05.

Equitable Group (TSE:EQB) last released its quarterly earnings data on Thursday, November 9th. The company reported C$2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.97 by C$0.24. Equitable Group had a return on equity of 14.61% and a net margin of 45.00%.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.49%. This is a boost from Equitable Group’s previous quarterly dividend of $0.24. Equitable Group’s payout ratio is currently 9.59%.

In other Equitable Group news, Director Daniel Ruch sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of C$70.62, for a total value of C$282,480.00. Also, Director Daniel Lee Dickinson sold 600 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$68.91, for a total value of C$41,346.00. Insiders sold 6,792 shares of company stock valued at $472,341 in the last ninety days.

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Equitable Group Company Profile

Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.

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