Geode Capital Management LLC Raises Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Geode Capital Management LLC lifted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,837,658 shares of the business services provider's stock after purchasing an additional 160,259 shares during the quarter. Geode Capital Management LLC owned about 1.10% of Dun & Bradstreet worth $60,298,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DNB. State Street Corp raised its position in Dun & Bradstreet by 9.8% in the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider's stock valued at $60,167,000 after buying an additional 468,027 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Dun & Bradstreet by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider's stock valued at $50,785,000 after purchasing an additional 99,795 shares during the period. Norges Bank acquired a new position in Dun & Bradstreet during the fourth quarter worth approximately $42,016,000. Raymond James Financial Inc. bought a new stake in Dun & Bradstreet in the 4th quarter valued at $26,817,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Dun & Bradstreet by 9.3% during the 4th 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 during the last quarter. 86.68% of the stock is owned by institutional investors.

Dun & Bradstreet Stock Performance

Shares of DNB stock traded up $0.03 during trading hours on Friday, hitting $8.75. 13,861,043 shares of the company were exchanged, compared to its average volume of 5,026,801. The firm has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $10.90. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.95. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -145.73, a P/E/G ratio of 2.21 and a beta of 1.14. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its 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). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The business had revenue of $631.90 million for the quarter, compared to analysts' expectations of $658.04 million. Research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.29%. Dun & Bradstreet's dividend payout ratio (DPR) is presently -333.33%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. StockNews.com began coverage on Dun & Bradstreet in a research note on Friday, April 11th. They issued a "hold" rating on the stock. Needham & Company LLC reiterated a "hold" rating and issued a $14.00 target price on shares of Dun & Bradstreet in a research report on Monday, March 24th. Jefferies Financial Group reissued a "hold" rating and issued a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group reduced their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Dun & Bradstreet has an average rating of "Hold" and an average target price of $11.86.

Insiders Place Their Bets

In related news, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value of $22,475,000.00. Following the sale, the chairman now owns 8,109,644 shares in the company, valued at $72,905,699.56. This represents a 23.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.44% of the stock is currently owned by company insiders.

Dun & Bradstreet 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.