Prudential Financial Inc. trimmed its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,557,847 shares of the business services provider's stock after selling 1,634,042 shares during the period. Prudential Financial Inc. owned about 0.58% of Dun & Bradstreet worth $31,001,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in DNB. Amundi raised its stake in shares of Dun & Bradstreet by 27.9% in the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock valued at $64,000 after purchasing an additional 1,126 shares during the period. Paloma Partners Management Co acquired a new stake in Dun & Bradstreet in the 3rd quarter valued at approximately $117,000. Empowered Funds LLC acquired a new stake in Dun & Bradstreet in the 4th quarter valued at approximately $127,000. Y Intercept Hong Kong Ltd bought a new stake in Dun & Bradstreet in the 3rd quarter valued at approximately $120,000. Finally, New World Advisors LLC acquired a new position in Dun & Bradstreet during the 4th quarter worth approximately $143,000. 86.68% of the stock is owned by institutional investors.
Dun & Bradstreet Stock Performance
Dun & Bradstreet stock traded down $0.02 during midday trading on Friday, reaching $8.93. 8,152,380 shares of the company's stock were exchanged, compared to its average volume of 3,911,396. 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 stock's 50-day simple moving average is $9.99 and its 200 day simple moving average is $11.20. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -148.73, a P/E/G ratio of 2.21 and a beta of 1.19. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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. On average, analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.
Dun & Bradstreet Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, March 6th. Dun & Bradstreet's payout ratio is presently -333.33%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on DNB. Needham & Company LLC reissued a "hold" rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a research report on Monday, March 24th. 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 note on Tuesday, March 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Huber Research upgraded Dun & Bradstreet to a "strong sell" rating in a report on Monday, March 24th. Finally, The Goldman Sachs Group decreased their price target 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. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Dun & Bradstreet currently has a consensus rating of "Hold" and an average price target of $11.86.
Check Out Our Latest Research Report on Dun & Bradstreet
Insider Buying and Selling
In related news, Chairman William P. Foley II sold 2,500,000 shares of Dun & Bradstreet stock in a transaction that occurred on Tuesday, March 25th. The stock was 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.44% of the stock is currently owned by insiders.
About Dun & Bradstreet
(
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.
Featured Articles
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
