Bank of New York Mellon Corp Has $58.49 Million Holdings in Dun & Bradstreet Corporation (The) (NYSE:DNB)

Bank of New York Mellon Corp decreased its holdings in shares of Dun & Bradstreet Corporation (The) (NYSE:DNB) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 540,825 shares of the business services provider’s stock after selling 18,178 shares during the quarter. Bank of New York Mellon Corp owned 1.47% of Dun & Bradstreet Corporation (The) worth $58,490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its stake in Dun & Bradstreet Corporation (The) by 2.0% during the second quarter. Creative Planning now owns 1,257 shares of the business services provider’s stock worth $136,000 after acquiring an additional 25 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Dun & Bradstreet Corporation (The) by 66.7% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the business services provider’s stock worth $162,000 after acquiring an additional 600 shares in the last quarter. First Mercantile Trust Co. acquired a new position in Dun & Bradstreet Corporation (The) during the second quarter worth about $230,000. Capstone Asset Management Co. raised its stake in Dun & Bradstreet Corporation (The) by 5.0% during the first quarter. Capstone Asset Management Co. now owns 2,329 shares of the business services provider’s stock worth $251,000 after acquiring an additional 110 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in Dun & Bradstreet Corporation (The) by 7.3% during the first quarter. Norinchukin Bank The now owns 2,393 shares of the business services provider’s stock worth $258,000 after acquiring an additional 162 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Dun & Bradstreet Corporation (NYSE:DNB) traded up 0.31% on Friday, hitting $109.74. The stock had a trading volume of 208,071 shares. Dun & Bradstreet Corporation has a 1-year low of $100.46 and a 1-year high of $137.58. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 37.36 and a beta of 1.22. The company has a 50-day moving average price of $111.39 and a 200-day moving average price of $108.32.

Dun & Bradstreet Corporation (The) (NYSE:DNB) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.24. The company had revenue of $408.40 million for the quarter, compared to analysts’ expectations of $410.90 million. Dun & Bradstreet Corporation (The) had a negative return on equity of 26.85% and a net margin of 6.36%. Dun & Bradstreet Corporation (The)’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.37 EPS. Equities analysts predict that Dun & Bradstreet Corporation will post $7.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 23rd were issued a dividend of $0.5025 per share. The ex-dividend date was Monday, August 21st. This represents a $2.01 dividend on an annualized basis and a dividend yield of 1.83%. Dun & Bradstreet Corporation (The)’s dividend payout ratio is 68.37%.

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Several brokerages have commented on DNB. Zacks Investment Research raised Dun & Bradstreet Corporation (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised Dun & Bradstreet Corporation (The) from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $116.33.

Dun & Bradstreet Corporation (The) Company Profile

The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.

Institutional Ownership by Quarter for Dun & Bradstreet Corporation (The) (NYSE:DNB)

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