Allspring Global Investments Holdings LLC raised its stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,085,138 shares of the business services provider's stock after acquiring an additional 1,451,705 shares during the quarter. Allspring Global Investments Holdings LLC owned about 4.76% of Dun & Bradstreet worth $242,690,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC bought a new position in Dun & Bradstreet in the 1st quarter valued at about $37,000. Blue Trust Inc. raised its holdings in Dun & Bradstreet by 129.1% in the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider's stock valued at $46,000 after acquiring an additional 2,563 shares during the period. Headlands Technologies LLC bought a new position in Dun & Bradstreet in the 1st quarter valued at about $70,000. Canada Pension Plan Investment Board raised its holdings in Dun & Bradstreet by 85.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider's stock valued at $81,000 after acquiring an additional 4,000 shares during the period. Finally, Xponance Inc. bought a new position in Dun & Bradstreet in the 2nd quarter valued at about $100,000. 86.68% of the stock is owned by institutional investors.
DNB has been the topic of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their target price on shares of Dun & Bradstreet from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Friday, August 2nd. StockNews.com upgraded shares of Dun & Bradstreet from a "sell" rating to a "hold" rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Monday, August 5th. Finally, Barclays increased their price target on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, September 13th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Dun & Bradstreet has an average rating of "Moderate Buy" and a consensus price target of $13.85.
Check Out Our Latest Stock Analysis on Dun & Bradstreet
NYSE DNB traded up $0.08 during mid-day trading on Friday, reaching $11.54. 1,796,382 shares of the stock were exchanged, compared to its average volume of 3,393,720. Dun & Bradstreet Holdings, Inc. has a one year low of $8.68 and a one year high of $12.75. The stock has a 50 day simple moving average of $11.63 and a 200-day simple moving average of $10.47. The stock has a market cap of $5.11 billion, a P/E ratio of -144.25, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.71 and a quick ratio of 0.71.
Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. The business had revenue of $576.20 million during the quarter, compared to the consensus estimate of $580.77 million. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. Dun & Bradstreet's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. On average, analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 5th. Dun & Bradstreet's dividend payout ratio is currently -250.00%.
Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business 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 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 to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.
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