Wells Fargo & Company MN Raises Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Wells Fargo & Company MN lifted its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,405 shares of the business services provider’s stock after acquiring an additional 20,784 shares during the quarter. Wells Fargo & Company MN owned 0.12% of Dun & Bradstreet worth $6,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Amundi boosted its position in Dun & Bradstreet by 27.9% during the fourth quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after purchasing an additional 1,126 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Dun & Bradstreet in the fourth quarter valued at about $127,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Dun & Bradstreet in the third quarter valued at approximately $120,000. New World Advisors LLC purchased a new stake in Dun & Bradstreet in the 4th quarter valued at approximately $143,000. Finally, KBC Group NV grew its holdings in Dun & Bradstreet by 30.2% during the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider’s stock valued at $160,000 after buying an additional 2,983 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DNB shares. Needham & Company LLC reaffirmed a “hold” rating and set a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday, March 24th. StockNews.com began coverage on shares of Dun & Bradstreet in a research report on Saturday. They issued a “hold” rating for the company. Jefferies Financial Group restated a “hold” rating and set a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. The Goldman Sachs Group cut their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.86.

Insider Activity

In related news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value of $22,475,000.00. Following the completion of the transaction, the chairman now owns 8,109,644 shares of the company’s stock, valued at approximately $72,905,699.56. This represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 10.44% of the company’s stock.

Dun & Bradstreet Price Performance

DNB stock opened at $8.75 on Friday. The stock has a 50-day moving average price of $8.96 and a two-hundred day moving average price of $10.88. The company has a market cap of $3.90 billion, a PE ratio of -145.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.95.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The business had revenue of $631.90 million for the quarter, compared to analyst estimates of $658.04 million. As a group, research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s payout ratio is -333.33%.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.