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Equitable Group Inc. (TSE:EQB) – Equities research analysts at National Bank Financial increased their FY2021 earnings per share (EPS) estimates for shares of Equitable Group in a research report issued on Wednesday, November 6th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $14.47 per share for the year, up from their previous forecast of $14.37. National Bank Financial currently has a “Sector Perform” rating and a $129.00 target price on the stock.
EQB has been the subject of several other research reports. BMO Capital Markets upped their price objective on shares of Equitable Group from C$125.00 to C$130.00 in a research report on Wednesday. TD Securities raised their price objective on shares of Equitable Group from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada increased their target price on shares of Equitable Group from C$120.00 to C$137.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, CIBC raised their price objective on shares of Equitable Group from C$94.00 to C$97.00 in a research report on Tuesday, July 30th.
EQB traded down C$0.40 during trading on Friday, reaching C$113.31. 42,800 shares of the stock were exchanged, compared to its average volume of 37,430. Equitable Group has a twelve month low of C$57.85 and a twelve month high of C$121.87. The stock has a market cap of $1.92 billion and a P/E ratio of 10.58. The stock’s 50 day moving average price is C$108.44 and its two-hundred day moving average price is C$87.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.35 per share. This is a positive change from Equitable Group’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, December 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.24%. Equitable Group’s payout ratio is presently 10.83%.
In related news, Director Kimberly Kukulowicz sold 3,174 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$100.18, for a total value of C$317,971.32. Following the sale, the director now directly owns 1,063 shares of the company’s stock, valued at C$106,491.34. Also, Senior Officer Andrew Moor sold 500 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$97.50, for a total value of C$48,750.00. Following the completion of the sale, the insider now directly owns 22,399 shares in the company, valued at C$2,183,902.50. Insiders have sold 9,424 shares of company stock valued at $946,311 in the last three months.
Equitable Group Company Profile
Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.
Further Reading: Cost of Equity For A Business, Investors