Blue Trust Inc. grew its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Free Report) by 28.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,833 shares of the business services provider’s stock after purchasing an additional 1,284 shares during the period. Blue Trust Inc.’s holdings in Dun & Bradstreet were worth $67,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Dun & Bradstreet by 32.2% during the 1st quarter. Principal Financial Group Inc. now owns 22,848 shares of the business services provider’s stock worth $229,000 after acquiring an additional 5,560 shares during the period. GSA Capital Partners LLP bought a new position in shares of Dun & Bradstreet in the first quarter worth $622,000. Duality Advisers LP acquired a new position in Dun & Bradstreet in the first quarter valued at about $366,000. Quantbot Technologies LP acquired a new position in Dun & Bradstreet in the first quarter valued at about $1,844,000. Finally, Corbyn Investment Management Inc. MD lifted its position in Dun & Bradstreet by 29.9% during the first quarter. Corbyn Investment Management Inc. MD now owns 381,330 shares of the business services provider’s stock worth $3,829,000 after purchasing an additional 87,785 shares during the period. 86.68% of the stock is currently owned by institutional investors and hedge funds.
Dun & Bradstreet Trading Down 0.5 %
NYSE DNB opened at $10.83 on Thursday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of -135.38, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a twelve month low of $8.68 and a twelve month high of $12.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.08. The business’s fifty day moving average is $11.48 and its 200 day moving average is $10.54.
Dun & Bradstreet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.85%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.
Analyst Ratings Changes
DNB has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research note on Monday, August 5th. StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lowered their price target on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd. Finally, Barclays raised their price objective on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.85.
View Our Latest Stock Analysis on DNB
Dun & Bradstreet Company Profile
Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.
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