PNC Financial Services Group Inc. decreased its stake in CEB Inc. (NYSE:CEB) by 40.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,263 shares of the company’s stock after selling 2,876 shares during the period. PNC Financial Services Group Inc.’s holdings in CEB were worth $262,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors Inc. raised its position in CEB by 13.8% in the first quarter. Teachers Advisors Inc. now owns 61,128 shares of the company’s stock valued at $3,957,000 after buying an additional 7,406 shares in the last quarter. BlackRock Inc. raised its position in CEB by 8.5% in the first quarter. BlackRock Inc. now owns 12,819 shares of the company’s stock valued at $829,000 after buying an additional 1,003 shares in the last quarter. BlackRock Group LTD raised its position in CEB by 28.5% in the first quarter. BlackRock Group LTD now owns 23,029 shares of the company’s stock valued at $1,491,000 after buying an additional 5,103 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in CEB by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 959,714 shares of the company’s stock valued at $62,122,000 after buying an additional 12,613 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in CEB by 4.0% in the first quarter. JPMorgan Chase & Co. now owns 252,054 shares of the company’s stock valued at $16,315,000 after buying an additional 9,696 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Shares of CEB Inc. (NYSE:CEB) traded up 1.93% during mid-day trading on Friday, reaching $54.47. The company had a trading volume of 266,489 shares. CEB Inc. has a 52-week low of $49.27 and a 52-week high of $78.21. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 28.73 and a beta of 1.72. The firm’s 50-day moving average price is $57.31 and its 200 day moving average price is $61.29.
CEB (NYSE:CEB) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. CEB had a return on equity of 3,169.99% and a net margin of 6.65%. The firm had revenue of $251.10 million for the quarter, compared to analyst estimates of $244.57 million. During the same period in the prior year, the firm posted $1.19 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts expect that CEB Inc. will post $4.02 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, September 13th. CEB’s dividend payout ratio is 87.77%.
Several research analysts have issued reports on CEB shares. Zacks Investment Research lowered CEB from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Cantor Fitzgerald set a $70.00 target price on CEB and gave the company a “buy” rating in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price 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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