Charles Schwab Investment Management Inc. Buys 99,795 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Charles Schwab Investment Management Inc. grew its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,075,848 shares of the business services provider’s stock after buying an additional 99,795 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Dun & Bradstreet were worth $50,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Dun & Bradstreet by 9.8% during the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock worth $60,167,000 after purchasing an additional 468,027 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Dun & Bradstreet in the fourth quarter worth approximately $323,000. Park Avenue Securities LLC boosted its stake in Dun & Bradstreet by 15.5% in the fourth quarter. Park Avenue Securities LLC now owns 60,548 shares of the business services provider’s stock worth $754,000 after buying an additional 8,103 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Dun & Bradstreet by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock worth $20,655,000 after buying an additional 141,054 shares in the last quarter. Finally, Barclays PLC boosted its stake in Dun & Bradstreet by 144.9% in the third quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock worth $13,728,000 after buying an additional 705,707 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DNB. Needham & Company LLC cut their target price on Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet Trading Down 1.3 %

Dun & Bradstreet stock opened at $7.89 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.94. The stock has a market capitalization of $3.48 billion, a PE ratio of -131.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. The business’s fifty day moving average is $10.62 and its 200 day moving average is $11.45.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The business had revenue of $631.90 million for the quarter, compared to analysts’ expectations of $658.04 million. On average, sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.54%. Dun & Bradstreet’s payout ratio is -333.33%.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.