US Bancorp DE Has $362,000 Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

US Bancorp DE raised its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNBGet Rating) by 136.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,171 shares of the business services provider’s stock after acquiring an additional 16,846 shares during the period. US Bancorp DE’s holdings in Dun & Bradstreet were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Dun & Bradstreet by 75.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,321,481 shares of the business services provider’s stock valued at $165,052,000 after acquiring an additional 5,713,247 shares during the period. BCK Capital Management LP acquired a new position in Dun & Bradstreet in the second quarter valued at about $1,892,000. Staley Capital Advisers Inc. grew its stake 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 period. Bank of Nova Scotia boosted its position in shares of Dun & Bradstreet by 9.1% during the second quarter. Bank of Nova Scotia now owns 41,786 shares of the business services provider’s stock worth $628,000 after buying an additional 3,489 shares during the period. Finally, Verition Fund Management LLC boosted its position in shares of Dun & Bradstreet by 65.6% during the second quarter. Verition Fund Management LLC now owns 669,923 shares of the business services provider’s stock worth $10,069,000 after buying an additional 265,330 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Truist Financial reduced their price objective on Dun & Bradstreet from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, September 28th. StockNews.com assumed coverage on Dun & Bradstreet in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Barclays reduced their price objective on 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. The Goldman Sachs Group reduced their price objective on Dun & Bradstreet from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, November 7th. Finally, Bank of America raised Dun & Bradstreet from a “neutral” rating to a “buy” rating and set a $15.50 price target for the company in a research report on Tuesday, January 17th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.75.

Dun & Bradstreet Price Performance

NYSE:DNB opened at $13.89 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $13.72. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -173.63, a P/E/G ratio of 2.23 and a beta of 0.81. Dun & Bradstreet Holdings, Inc. has a 12-month low of $11.23 and a 12-month high of $20.86.

Dun & Bradstreet (NYSE:DNBGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $556.30 million during the quarter, compared to the consensus estimate of $559.43 million. Dun & Bradstreet had a negative net margin of 1.65% and a positive return on equity of 11.80%. On average, analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 1.02 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.20 annualized dividend and a yield of 1.44%. Dun & Bradstreet’s dividend payout ratio is -250.00%.

Insider Buying and Selling at Dun & Bradstreet

In other Dun & Bradstreet news, Director Thomas H. Lee Advisors, Llc sold 8,287,846 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $13.40, for a total value of $111,057,136.40. Following the sale, the director now owns 49,579,771 shares in the company, valued at $664,368,931.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Thomas H. Lee Advisors, Llc sold 8,287,846 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $13.40, for a total transaction of $111,057,136.40. Following the transaction, the director now owns 49,579,771 shares in the company, valued at $664,368,931.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard N. Massey sold 181,630 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $13.00, for a total value of $2,361,190.00. Following the transaction, the director now owns 602,592 shares in the company, valued at approximately $7,833,696. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.

Dun & Bradstreet Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Dun & Bradstreet (NYSE:DNB)

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