Legal & General Group Plc Decreases Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Legal & General Group Plc trimmed its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,865 shares of the business services provider’s stock after selling 24,035 shares during the quarter. Legal & General Group Plc owned 0.07% of Dun & Bradstreet worth $3,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DNB. Invesco Ltd. grew its holdings in Dun & Bradstreet by 6.1% during the 4th quarter. Invesco Ltd. now owns 632,928 shares of the business services provider’s stock valued at $7,886,000 after purchasing an additional 36,561 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Dun & Bradstreet by 10.1% during the fourth quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider’s stock valued at $259,000 after buying an additional 1,909 shares during the last quarter. FMR LLC raised its holdings in shares of Dun & Bradstreet by 9.7% in the fourth quarter. FMR LLC now owns 12,575,015 shares of the business services provider’s stock worth $156,685,000 after buying an additional 1,109,940 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Dun & Bradstreet by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 540,405 shares of the business services provider’s stock worth $6,733,000 after acquiring an additional 20,784 shares during the last quarter. Finally, World Investment Advisors purchased a new position in Dun & Bradstreet during the 4th quarter valued at $186,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Analyst Ratings Changes

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

Dun & Bradstreet Stock Up 1.0 %

Dun & Bradstreet stock opened at $8.79 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a market cap of $3.92 billion, a P/E ratio of -146.39, a P/E/G ratio of 2.21 and a beta of 1.14. The business has a fifty day moving average of $8.88 and a two-hundred day moving average of $10.84. Dun & Bradstreet Holdings, Inc. has a twelve month low of $7.78 and a twelve month high of $12.95.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The company 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%. On average, analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.28%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

Insider Activity at Dun & Bradstreet

In other Dun & Bradstreet news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s 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 sale, the chairman now owns 8,109,644 shares of the company’s stock, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.44% of the stock is currently owned by corporate insiders.

Dun & Bradstreet Company 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.