The Manufacturers Life Insurance Company lessened its position in Dun & Bradstreet Corp (NYSE:DNB) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,119 shares of the business services provider’s stock after selling 2,026 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.16% of Dun & Bradstreet worth $6,917,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. AXA raised its stake in shares of Dun & Bradstreet by 61.7% in the 4th quarter. AXA now owns 139,618 shares of the business services provider’s stock worth $16,532,000 after buying an additional 53,300 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Dun & Bradstreet by 22.8% in the 4th quarter. Wells Fargo & Company MN now owns 21,346 shares of the business services provider’s stock worth $2,528,000 after buying an additional 3,960 shares in the last quarter. BlackRock Inc. raised its stake in shares of Dun & Bradstreet by 1.1% in the 4th quarter. BlackRock Inc. now owns 3,148,246 shares of the business services provider’s stock worth $372,783,000 after buying an additional 35,296 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Dun & Bradstreet by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 174,929 shares of the business services provider’s stock worth $20,714,000 after buying an additional 24,163 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Dun & Bradstreet in the 4th quarter worth $2,769,000. 90.55% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. Wells Fargo & Co boosted their price objective on Dun & Bradstreet from $113.00 to $120.00 and gave the stock a “market perform” rating in a research note on Monday, June 25th. Robert W. Baird reissued a “neutral” rating and issued a $127.00 price objective on shares of Dun & Bradstreet in a research note on Monday, June 18th. Zacks Investment Research downgraded Dun & Bradstreet from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Finally, ValuEngine downgraded Dun & Bradstreet from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Dun & Bradstreet presently has an average rating of “Hold” and an average price target of $128.17.
Shares of Dun & Bradstreet opened at $124.58 on Wednesday, MarketBeat Ratings reports. The firm has a market cap of $4.59 billion, a PE ratio of 16.93, a P/E/G ratio of 2.44 and a beta of 1.22. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of -1.56. Dun & Bradstreet Corp has a 12-month low of $105.04 and a 12-month high of $134.25.
Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Wednesday, May 9th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.17. The company had revenue of $384.70 million for the quarter, compared to analyst estimates of $386.91 million. Dun & Bradstreet had a negative return on equity of 33.35% and a net margin of 10.64%. Dun & Bradstreet’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. equities research analysts predict that Dun & Bradstreet Corp will post 8.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Wednesday, May 23rd were given a dividend of $0.5225 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Tuesday, May 22nd. Dun & Bradstreet’s dividend payout ratio (DPR) is presently 28.40%.
Dun & Bradstreet Profile
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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