Legal & General Group Plc boosted its holdings in Dun & Bradstreet Corp (NYSE:DNB) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,292 shares of the business services provider’s stock after purchasing an additional 2,760 shares during the quarter. Legal & General Group Plc owned 0.43% of Dun & Bradstreet worth $18,310,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of DNB. Creative Planning raised its position in shares of Dun & Bradstreet by 2.0% in the 2nd quarter. Creative Planning now owns 1,257 shares of the business services provider’s stock valued at $136,000 after buying an additional 25 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of Dun & Bradstreet in the 2nd quarter valued at approximately $173,000. Nomura Holdings Inc. acquired a new position in shares of Dun & Bradstreet in the 2nd quarter valued at approximately $206,000. Tocqueville Asset Management L.P. acquired a new position in shares of Dun & Bradstreet in the 2nd quarter valued at approximately $216,000. Finally, First Mercantile Trust Co. acquired a new position in shares of Dun & Bradstreet in the 2nd quarter valued at approximately $230,000. Institutional investors and hedge funds own 90.86% of the company’s stock.
Several equities analysts have recently commented on DNB shares. Zacks Investment Research upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Thursday, August 24th. Barclays upgraded shares of Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $105.00 to $125.00 in a research report on Monday, November 13th. Goldman Sachs Group started coverage on shares of Dun & Bradstreet in a research report on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 target price for the company. Finally, Robert W. Baird dropped their target price on shares of Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Dun & Bradstreet presently has an average rating of “Hold” and a consensus target price of $125.75.
Dun & Bradstreet Corp (NYSE:DNB) opened at $121.33 on Monday. The stock has a market cap of $4,484.33, a P/E ratio of 17.02, a P/E/G ratio of 1.88 and a beta of 1.27. Dun & Bradstreet Corp has a 12-month low of $100.46 and a 12-month high of $125.57. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of -1.93.
Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.21. The business had revenue of $428.30 million during the quarter, compared to analysts’ expectations of $428.81 million. Dun & Bradstreet had a net margin of 11.12% and a negative return on equity of 28.31%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.79 EPS. analysts anticipate that Dun & Bradstreet Corp will post 7.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were given a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, November 21st. Dun & Bradstreet’s dividend payout ratio is 38.73%.
About Dun & Bradstreet
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.
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