CEB Inc. (CEB) Stake Lowered by Ameriprise Financial Inc.
Ameriprise Financial Inc. lowered its position in CEB Inc. (NYSE:CEB) by 37.8% during the second quarter, Holdings Channel reports. The firm owned 117,377 shares of the company’s stock after selling 71,446 shares during the period. Ameriprise Financial Inc. owned approximately 0.36% of CEB worth $7,240,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in CEB. BB&T Securities LLC boosted its stake in CEB by 1.4% in the first quarter. BB&T Securities LLC now owns 6,714 shares of the company’s stock valued at $434,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in CEB by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,114 shares of the company’s stock valued at $686,000 after buying an additional 265 shares during the last quarter. Capstone Asset Management Co. boosted its stake in CEB by 12.2% in the second quarter. Capstone Asset Management Co. now owns 3,858 shares of the company’s stock valued at $238,000 after buying an additional 420 shares during the last quarter. LS Investment Advisors LLC boosted its stake in CEB by 70.8% in the second quarter. LS Investment Advisors LLC now owns 1,978 shares of the company’s stock valued at $122,000 after buying an additional 820 shares during the last quarter. Finally, Strs Ohio boosted its stake in CEB by 8.7% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock valued at $771,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
Shares of CEB Inc. (NYSE:CEB) traded down 1.71% during midday trading on Friday, hitting $52.16. 177,482 shares of the stock traded hands. The firm’s 50-day moving average is $56.28 and its 200 day moving average is $60.99. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 27.51 and a beta of 1.79. CEB Inc. has a 52 week low of $49.27 and a 52 week high of $78.21.
CEB (NYSE:CEB) last announced its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.04. The company earned $251.10 million during the quarter, compared to analysts’ expectations of $244.57 million. CEB had a net margin of 6.65% and a return on equity of 3,169.99%. CEB’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. Equities analysts forecast that CEB Inc. will post $4.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a $0.4125 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 3.16%. CEB’s payout ratio is presently 87.77%.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of CEB from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Cantor Fitzgerald restated a “buy” rating on shares of CEB in a research report on Friday, August 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.98.
CEB Company Profile
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
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