Bank of New York Mellon Corp raised its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,657,713 shares of the business services provider's stock after acquiring an additional 141,054 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.38% of Dun & Bradstreet worth $20,655,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in DNB. Azora Capital LP boosted its stake in shares of Dun & Bradstreet by 119.8% during the 3rd quarter. Azora Capital LP now owns 7,973,354 shares of the business services provider's stock worth $91,773,000 after purchasing an additional 4,346,033 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Dun & Bradstreet by 5.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 56,497,966 shares of the business services provider's stock worth $650,292,000 after purchasing an additional 3,144,458 shares during the last quarter. FMR LLC boosted its stake in shares of Dun & Bradstreet by 17.8% during the 3rd quarter. FMR LLC now owns 11,465,075 shares of the business services provider's stock worth $131,963,000 after purchasing an additional 1,733,220 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Dun & Bradstreet during the 3rd quarter worth about $17,750,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dun & Bradstreet by 23.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,976,053 shares of the business services provider's stock worth $45,764,000 after purchasing an additional 760,956 shares during the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on DNB shares. Needham & Company LLC decreased their price target on shares of Dun & Bradstreet from $17.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group reduced their price target on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dun & Bradstreet currently has a consensus rating of "Hold" and an average price target of $12.50.
Read Our Latest Report on DNB
Dun & Bradstreet Stock Performance
Shares of NYSE:DNB traded up $0.16 on Friday, reaching $8.05. 4,457,451 shares of the company's stock were exchanged, compared to its average volume of 4,197,288. The business's 50-day moving average is $10.62 and its two-hundred day moving average is $11.45. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -134.08, a PEG ratio of 2.21 and a beta of 1.19. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.94.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. As a group, equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.
Dun & Bradstreet Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 dividend on an annualized basis and a yield of 2.49%. Dun & Bradstreet's dividend payout ratio is presently -333.33%.
Dun & Bradstreet Company Profile
(
Free Report)
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.
Further Reading
Before you consider Dun & Bradstreet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dun & Bradstreet wasn't on the list.
While Dun & Bradstreet currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
