KLP Kapitalforvaltning AS Purchases New Shares in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

KLP Kapitalforvaltning AS acquired a new stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 57,500 shares of the business services provider's stock, valued at approximately $716,000.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Dun & Bradstreet during the fourth quarter worth about $26,817,000. FMR LLC boosted its position in 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 buying an additional 1,733,220 shares during the period. Barclays PLC increased its position in Dun & Bradstreet by 144.9% in the 3rd quarter. Barclays PLC now owns 1,192,700 shares of the business services provider's stock valued at $13,728,000 after acquiring an additional 705,707 shares during the period. Geode Capital Management LLC raised its stake in shares of Dun & Bradstreet by 15.8% during the third quarter. Geode Capital Management LLC now owns 4,677,399 shares of the business services provider's stock valued at $53,853,000 after acquiring an additional 639,419 shares during the last quarter. Finally, State Street Corp raised its stake 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 valued at $60,167,000 after acquiring an additional 468,027 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company's stock.

Dun & Bradstreet Trading Down 2.2 %

Shares of Dun & Bradstreet stock traded down $0.20 on Friday, reaching $8.74. 45,228,234 shares of the company's stock were exchanged, compared to its average volume of 4,266,799. The company has a market capitalization of $3.90 billion, a P/E ratio of -145.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. The firm's 50-day moving average is $9.73 and its two-hundred day moving average is $11.11.

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Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (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 company had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet's dividend payout ratio (DPR) is currently -333.33%.

Insiders Place Their Bets

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total value of $22,475,000.00. Following the transaction, the chairman now directly owns 8,109,644 shares of the company's stock, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.44% of the company's stock.

Analyst Ratings Changes

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

About Dun & Bradstreet

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.