Today: Wells Fargo & Company MN invests in CEB Inc. (CEB) Shares

Today: Wells Fargo & Company MN invests in CEB Inc. (CEB) Shares

Wells Fargo & Company MN raised its stake in shares of CEB Inc. (NYSE:CEB) by 2.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 264,526 shares of the company’s stock after buying an additional 7,194 shares during the period. Wells Fargo & Company MN’s holdings in CEB were worth $14,409,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC boosted its stake in shares of 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. Advisor Group Inc. acquired a new stake in shares of CEB during the second quarter valued at approximately $128,000. Tower Research Capital LLC TRC boosted its stake in shares of CEB by 2,422.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $171,000 after buying an additional 2,665 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in shares of CEB by 21.2% in the third quarter. 1st Global Advisors Inc. now owns 4,129 shares of the company’s stock valued at $225,000 after buying an additional 721 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of CEB by 5.8% in the second quarter. Amalgamated Bank now owns 3,883 shares of the company’s stock valued at $236,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.

CEB Inc. (NYSE:CEB) traded down 0.34% during trading on Monday, reaching $58.70. 236,892 shares of the company’s stock were exchanged. CEB Inc. has a 52 week low of $47.33 and a 52 week high of $77.86. The stock has a 50-day moving average price of $52.47 and a 200 day moving average price of $58.36. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 50.43 and a beta of 1.75.

CEB (NYSE:CEB) last announced its earnings results on Tuesday, October 25th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $229.84 million for the quarter, compared to analyst estimates of $232.63 million. CEB had a net margin of 4.05% and a negative return on equity of 334.08%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. Equities research analysts forecast that CEB Inc. will post $3.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.4125 per share. The ex-dividend date is Tuesday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.83%. CEB’s dividend payout ratio (DPR) is presently 142.24%.

Several equities analysts recently issued reports on CEB shares. Cantor Fitzgerald set a $57.00 target price on shares of CEB and gave the company a “buy” rating in a research note on Saturday, November 19th. RBC Capital Markets set a $68.00 target price on shares of CEB and gave the company a “buy” rating in a research note on Tuesday, October 25th. Zacks Investment Research upgraded shares of CEB from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Finally, Royal Bank Of Canada decreased their target price on shares of CEB from $71.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. CEB currently has an average rating of “Hold” and an average target price of $45.68.

About CEB

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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