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Equity Group Holdings Plc (NSE: EQTY)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

What is Equity Group Holdings Plc

Equity Group Holdings Plc, formerly called Equity Bank Group, is a financial service holding company that operates in the African Great Lakes region and provide banking products and services for the personal, commercial and corporate sectors.

Equity Group Holdings Plc has a diversified portfolio renders services including the following: transactional accounts and digital banking to school fees collection, custody investment and group accounts, trade finance, asset finance and microfinance loans.

Equity Group Holdings Plc has its headquarters in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.

Equity Bank (Kenya) Limited is a subsidiary of Equity Group Holdings Plc.

The history of Equity Group Holdings Plc can be traced back to 1984 and the company was listed on 1 January 2006.

Equity Group Holdings Plc was founded in Kenya, the largest economy in the East African Community, as the Equity Building Society (EBS) in October 1984 to provide mortgage financing for customers in the low income population. Due to its rural banking orientation, agribusiness was a significant involvement by the bank. By 2015, Equity Bank had more than 9.2 million customers and The Banker listed Equity Bank among the Top 1 000 Banks in the World with the highest return on assets in the African continent.

At the financial year ending 2020, Equity Group Holdings Plc reported an asset base to the value of 1.015 trillion KES. The total group of customers was 14.3 million, with 740.8 billion KES in deposits. By August 2021, Equity Group Holdings Plc had assets exceeding the value of 1.119 Trillion KES. The group also had over 14 million customers in 6 African Great Lakes countries, with 790.6 billion KES in deposits. Today, Equity Group Holdings Plc has 463 branch banks and more than 8 950 employees.

Equity Group Holdings Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol EQTY.

The current CEO of Equity Group Holdings Plc is James Mwangi and the company forms part of the Banking Industry, Financial Sector.

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Equity Group Holdings Plc

Equity Group Holdings Plc Stock Performance

The current price for Equity Group Holdings Plc stocks is 51.00 KES. The company has a total market capitalization of 201 billion KES, with a Price/Earning ratio of 6.37 and 3.77 billion shares outstanding.

EQTY closed its trading day on Friday, 10 September 2021 at 51.00 KES per share on the Nairobi Securities Exchange (NSE), with a 2.3% gain over its previous closing price of 49.85 KES.

An analysis of financial data of Equity Group Holdings Plc showed that profits before tax were up in the first half of the year and with an increase of earnings per share and steady profits within the period, investors who want to buy or sell Equity Group Holdings Plc stocks can be confident of profitable dividends and earnings in years to come.

According to an analysis on the live chart of Equity Group Holdings Plc, analysts forecast a further improvement in performance for the financial sector with market share growing as trading volumes may increase.

Highlights of Equity Group Holdings Plc in 2021

Equity Group Holdings Plc opened the year with a share price of 36.55 KES and has gained 39.5 % in value on its price valuation, ranking fifth on NSE with its year-to-date performance.

A volume high of 5.98 million was achieved on 22 June, and a low of 38,900 on 23 July, for the three months from June to September 2021.

The total indicative share trading liquidity for Equity Group Holdings Plc (EQTY) in the past 12 months up to 3 August 2021, was 18.94 billion KES, an average of 1.58 billion KES per month.

Equity Group Holdings Plc is currently the second most traded stock on NSE and it has experienced a total trading volume of more than 90.3 million shares, finalised in 4,294 deals, and were valued at a total of 4.45 billion KES over three months, with an average of 1.43 million shares in each trading session.

How to buy Equity Group Holdings Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade Equity Group Holdings Plc stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, “EQTY”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.