Dun & Bradstreet (NYSE:DNB – Free Report) had its price target cut by JPMorgan Chase & Co. from $13.00 to $11.00 in a report issued on Thursday, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.
A number of other brokerages have also recently weighed in on DNB. StockNews.com began coverage on shares of Dun & Bradstreet in a report on Thursday, October 5th. They issued a hold rating on the stock. Barclays cut their price objective on shares of Dun & Bradstreet from $13.00 to $11.00 and set an equal weight rating on the stock in a report on Friday, October 6th. TheStreet upgraded shares of Dun & Bradstreet from a d+ rating to a c- rating in a report on Friday, July 28th. Truist Financial cut their price objective on shares of Dun & Bradstreet from $16.00 to $14.00 and set a buy rating on the stock in a report on Friday. Finally, Needham & Company LLC restated a buy rating and issued a $18.00 price objective on shares of Dun & Bradstreet in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Dun & Bradstreet presently has an average rating of Moderate Buy and an average target price of $14.58.
Dun & Bradstreet Price Performance
Dun & Bradstreet (NYSE:DNB – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $554.70 million for the quarter, compared to analysts’ expectations of $549.65 million. Dun & Bradstreet had a negative net margin of 1.14% and a positive return on equity of 10.48%. On average, sell-side analysts expect that Dun & Bradstreet will post 0.82 earnings per share for the current year.
Dun & Bradstreet Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.06%. Dun & Bradstreet’s dividend payout ratio (DPR) is -333.33%.
Insider Activity at Dun & Bradstreet
In related news, insider Anthony Pietrontone, Jr. sold 28,532 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $10.93, for a total transaction of $311,854.76. Following the transaction, the insider now owns 74,049 shares in the company, valued at $809,355.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in DNB. California Public Employees Retirement System raised its position in shares of Dun & Bradstreet by 6.1% during the 3rd quarter. California Public Employees Retirement System now owns 497,447 shares of the business services provider’s stock valued at $4,969,000 after purchasing an additional 28,683 shares during the period. Principal Financial Group Inc. increased its holdings in Dun & Bradstreet by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 21,433 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 1,127 shares during the last quarter. Crescent Grove Advisors LLC increased its holdings in Dun & Bradstreet by 2.7% in the 3rd quarter. Crescent Grove Advisors LLC now owns 5,326,754 shares of the business services provider’s stock valued at $53,214,000 after acquiring an additional 140,913 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Dun & Bradstreet in the 3rd quarter valued at $6,864,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dun & Bradstreet by 14.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,101 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 5,572 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors.
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 D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information.
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