Raymond James Financial Inc. Takes $26.82 Million Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Raymond James Financial Inc. acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,152,270 shares of the business services provider's stock, valued at approximately $26,817,000. Raymond James Financial Inc. owned 0.49% of Dun & Bradstreet as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DNB. Steward Partners Investment Advisory LLC increased its stake in Dun & Bradstreet by 7,875.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider's stock valued at $402,000 after buying an additional 31,894 shares during the period. State Street Corp boosted its position in shares of Dun & Bradstreet by 9.8% during 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 in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Dun & Bradstreet during the 4th quarter valued at about $323,000. Charles Schwab Investment Management Inc. boosted its position 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 valued at $45,764,000 after purchasing an additional 760,956 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Dun & Bradstreet by 9.3% in the fourth 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 period. Institutional investors and hedge funds own 86.68% of the company's stock.

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Analysts Set New Price Targets

DNB has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC decreased their target price on shares of Dun & Bradstreet from $17.00 to $14.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their target price 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Dun & Bradstreet presently has an average rating of "Hold" and a consensus price target of $12.50.

Dun & Bradstreet Stock Performance

Shares of Dun & Bradstreet stock traded up $0.08 during midday trading on Tuesday, hitting $8.34. The company had a trading volume of 2,951,615 shares, compared to its average volume of 3,308,320. The business's 50 day simple moving average is $10.46 and its two-hundred day simple moving average is $11.39. The stock has a market cap of $3.68 billion, a PE ratio of -138.98, a P/E/G ratio of 2.21 and a beta of 1.19. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a 1-year low of $7.78 and a 1-year 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). The business had revenue of $631.90 million during the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. As a group, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, March 6th. Dun & Bradstreet's payout ratio is -333.33%.

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.