Norges Bank Makes New Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Norges Bank purchased a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,372,065 shares of the business services provider's stock, valued at approximately $42,016,000. Norges Bank owned about 0.76% of Dun & Bradstreet as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 purchasing an additional 468,027 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dun & Bradstreet by 15.8% in 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 buying an additional 639,419 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Dun & Bradstreet by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider's stock worth $50,785,000 after buying an additional 99,795 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Dun & Bradstreet during the 4th quarter worth about $26,817,000. Finally, Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 141,054 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the sale, the chairman now owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 10.44% of the company's stock.

Analyst Ratings Changes

DNB has been the topic of a number of research reports. Needham & Company LLC reiterated a "hold" rating and set a $14.00 target price on shares of Dun & Bradstreet in a research report on Monday, March 24th. Jefferies Financial Group reaffirmed a "hold" rating and set a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. StockNews.com started coverage on Dun & Bradstreet in a research note on Thursday, April 3rd. They issued a "hold" rating for the company. Royal Bank of Canada restated a "sector perform" rating and set a $12.00 target price on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group decreased their price target on Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.86.

Dun & Bradstreet Stock Up 2.6 %

Shares of DNB stock traded up $0.22 on Wednesday, hitting $8.61. 59,983,092 shares of the stock were exchanged, compared to its average volume of 4,774,088. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $3.84 billion, a P/E ratio of -143.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.95. The business has a 50-day moving average of $9.39 and a 200 day moving average of $11.01.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced 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 analyst estimates of $658.04 million. Equities analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet's dividend payout ratio (DPR) is presently -333.33%.

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.