JPMorgan Chase & Co. Sells 24,553 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

JPMorgan Chase & Co. trimmed its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,351 shares of the business services provider’s stock after selling 24,553 shares during the period. JPMorgan Chase & Co. owned 0.06% of Dun & Bradstreet worth $3,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Congress Wealth Management LLC DE purchased a new stake in shares of Dun & Bradstreet during the 4th quarter valued at approximately $349,000. LPL Financial LLC lifted its position in shares of Dun & Bradstreet by 67.0% during the fourth quarter. LPL Financial LLC now owns 45,635 shares of the business services provider’s stock worth $569,000 after acquiring an additional 18,316 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Dun & Bradstreet during the fourth quarter worth $716,000. AXQ Capital LP bought a new position in shares of Dun & Bradstreet in the fourth quarter worth $391,000. Finally, Sei Investments Co. grew its position in shares of Dun & Bradstreet by 11.0% in the fourth quarter. Sei Investments Co. now owns 1,042,236 shares of the business services provider’s stock valued at $12,986,000 after purchasing an additional 103,088 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Stock Down 0.5 %

Shares of NYSE:DNB opened at $8.71 on Tuesday. The firm has a market capitalization of $3.89 billion, a PE ratio of -145.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.95. The firm has a fifty day moving average of $8.92 and a 200 day moving average of $10.86.

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

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, March 6th. Dun & Bradstreet’s payout ratio is presently -333.33%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Dun & Bradstreet

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

Dun & Bradstreet Profile

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.