Teachers Retirement System of The State of Kentucky Grows Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNBGet Rating) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 281,378 shares of the business services provider’s stock after purchasing an additional 13,580 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Dun & Bradstreet worth $4,930,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its holdings in shares of Dun & Bradstreet by 287.3% in 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 period. MetLife Investment Management LLC purchased a new position in shares of Dun & Bradstreet in the 1st quarter valued at $56,000. PNC Financial Services Group Inc. increased its holdings in shares of Dun & Bradstreet by 5,483.1% in 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 period. Canada Pension Plan Investment Board purchased a new position in shares of Dun & Bradstreet in the 1st quarter valued at $82,000. Finally, US Bancorp DE purchased a new position in shares of Dun & Bradstreet in the 1st quarter valued at $96,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Performance

Shares of DNB opened at $14.31 on Monday. The stock has a 50-day moving average of $15.20 and a two-hundred day moving average of $15.87. Dun & Bradstreet Holdings, Inc. has a one year low of $13.67 and a one year high of $21.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $6.21 billion, a P/E ratio of -238.46, a P/E/G ratio of 2.18 and a beta of 0.74.

Dun & Bradstreet (NYSE:DNBGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Dun & Bradstreet had a positive return on equity of 11.94% and a negative net margin of 1.27%. The company had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $535.92 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Dun & Bradstreet Holdings, Inc. will post 1.05 EPS for the current year.

Dun & Bradstreet Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.28%.

Insider Activity

In other news, Director Cannae Holdings, Inc. sold 7,871,685 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $13.81, for a total value of $108,707,969.85. Following the completion of the transaction, the director now owns 80,406,356 shares of the company’s stock, valued at approximately $1,110,411,776.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Cannae Holdings, Inc. sold 7,871,685 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $13.81, for a total value of $108,707,969.85. Following the completion of the transaction, the director now owns 80,406,356 shares of the company’s stock, valued at approximately $1,110,411,776.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard N. Massey sold 100,000 shares of Dun & Bradstreet stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.90, for a total value of $1,490,000.00. Following the completion of the transaction, the director now owns 199,882 shares of the company’s stock, valued at approximately $2,978,241.80. The disclosure for this sale can be found here. Insiders sold a total of 9,329,350 shares of company stock valued at $128,730,097 in the last quarter. 9.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DNB shares. Barclays cut their price target on Dun & Bradstreet from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. Wells Fargo & Company started coverage on Dun & Bradstreet in a research note on Wednesday, July 13th. They set an “overweight” rating and a $21.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Dun & Bradstreet from $20.00 to $18.00 in a research note on Friday, July 29th. Bank of America upgraded Dun & Bradstreet from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $16.00 to $17.00 in a research note on Wednesday, July 6th. Finally, Royal Bank of Canada downgraded Dun & Bradstreet from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $16.00 to $18.00 in a research note on Monday, June 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dun & Bradstreet currently has a consensus rating of “Hold” and an average price target of $20.33.

Dun & Bradstreet Company 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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