Bank of Nova Scotia grew its stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,786 shares of the business services provider’s stock after purchasing an additional 3,489 shares during the period. Bank of Nova Scotia’s holdings in Dun & Bradstreet were worth $628,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of DNB. Staley Capital Advisers Inc. lifted its holdings in Dun & Bradstreet by 7.7% in the second quarter. Staley Capital Advisers Inc. now owns 700,000 shares of the business services provider’s stock valued at $10,521,000 after acquiring an additional 50,000 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Dun & Bradstreet during the 2nd quarter valued at $149,000. Empire Life Investments Inc. grew its stake in shares of Dun & Bradstreet by 2.9% during the 2nd quarter. Empire Life Investments Inc. now owns 664,894 shares of the business services provider’s stock valued at $9,993,000 after buying an additional 19,012 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Dun & Bradstreet by 2.9% during the 2nd quarter. Advisory Services Network LLC now owns 26,051 shares of the business services provider’s stock valued at $391,000 after acquiring an additional 742 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Dun & Bradstreet by 80.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 106,346 shares of the business services provider’s stock valued at $1,598,000 after acquiring an additional 47,359 shares in the last quarter. 85.43% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
DNB has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Dun & Bradstreet from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, November 7th. Needham & Company LLC cut their target price on shares of Dun & Bradstreet from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Barclays reduced their price target on shares of Dun & Bradstreet from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. Raymond James dropped their price objective on shares of Dun & Bradstreet from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, Royal Bank of Canada dropped their price objective on shares of Dun & Bradstreet from $18.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 6th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.90.
Dun & Bradstreet Stock Performance
Dun & Bradstreet Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, November 30th. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -250.00%.
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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