Dun & Bradstreet (NYSE:DNB – Get Rating) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $20.00 to $18.00 in a research note issued to investors on Friday morning, The Fly reports.
A number of other research firms have also recently weighed in on DNB. Royal Bank of Canada cut shares of Dun & Bradstreet from an outperform rating to a sector perform rating and raised their price target for the company from $16.00 to $18.00 in a report on Monday, June 6th. StockNews.com assumed coverage on shares of Dun & Bradstreet in a report on Thursday, March 31st. They issued a hold rating on the stock. Credit Suisse Group lowered their target price on shares of Dun & Bradstreet from $30.00 to $23.00 and set an outperform rating for the company in a research note on Tuesday, May 10th. Barclays lowered their target price on shares of Dun & Bradstreet from $18.00 to $17.00 and set an equal weight rating for the company in a research note on Friday, July 1st. Finally, Wells Fargo & Company assumed coverage on shares of Dun & Bradstreet in a research note on Wednesday, July 13th. They issued an overweight rating and a $21.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $20.33.
Dun & Bradstreet Trading Down 0.4 %
NYSE DNB opened at $15.69 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of -87.16, a price-to-earnings-growth ratio of 2.00 and a beta of 0.71. The company’s 50-day simple moving average is $15.34 and its two-hundred day simple moving average is $16.82. Dun & Bradstreet has a one year low of $13.67 and a one year high of $21.26.
Dun & Bradstreet Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, August 31st.
In other news, Director Chinh Chu sold 121,209 shares of Dun & Bradstreet stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $16.61, for a total transaction of $2,013,281.49. Following the completion of the transaction, the director now directly owns 11,009,194 shares of the company’s stock, valued at approximately $182,862,712.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Bryan T. Hipsher purchased 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The stock was bought at an average price of $14.02 per share, with a total value of $98,140.00. Following the acquisition, the chief financial officer now owns 831,721 shares in the company, valued at $11,660,728.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chinh Chu sold 121,209 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $16.61, for a total transaction of $2,013,281.49. Following the completion of the sale, the director now directly owns 11,009,194 shares of the company’s stock, valued at approximately $182,862,712.34. The disclosure for this sale can be found here. Insiders sold a total of 9,450,559 shares of company stock valued at $130,743,379 in the last three months. 9.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Dun & Bradstreet
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC purchased a new stake in Dun & Bradstreet in the 4th quarter worth $30,000. Advisor Group Holdings Inc. boosted its position in shares of Dun & Bradstreet by 287.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 2,040 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of Dun & Bradstreet during the 1st quarter valued at about $56,000. PNC Financial Services Group Inc. boosted its position in shares of Dun & Bradstreet by 5,483.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 3,893 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Dun & Bradstreet in the first quarter valued at about $82,000. Hedge funds and other institutional investors own 93.47% of the company’s stock.
Dun & Bradstreet Company Profile
Dun & Bradstreet Holdings, Inc provides business decisioning data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision making; D&B Small Business, a suite of powerful tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and InfoTorg, an online SaaS application.
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