Oppenheimer Asset Management Inc. Buys New Shares in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Oppenheimer Asset Management Inc. bought a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,951 shares of the business services provider’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Evermay Wealth Management LLC purchased a new position in Dun & Bradstreet during the first quarter valued at $37,000. Blue Trust Inc. boosted its position in shares of Dun & Bradstreet by 129.1% in the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock worth $46,000 after purchasing an additional 2,563 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Dun & Bradstreet in the first quarter worth $70,000. Innealta Capital LLC bought a new stake in shares of Dun & Bradstreet during the 1st quarter valued at $113,000. Finally, Oak Thistle LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter valued at $126,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Down 1.8 %

NYSE:DNB opened at $11.25 on Monday. Dun & Bradstreet Holdings, Inc. has a twelve month low of $8.68 and a twelve month high of $12.75. The company has a market cap of $4.98 billion, a price-to-earnings ratio of -140.63, a price-to-earnings-growth ratio of 2.14 and a beta of 1.16. The stock has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $10.28. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate 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 positive return on equity of 11.35% and a negative net margin of 1.42%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. Analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. Dun & Bradstreet’s payout ratio is currently -250.00%.

Analysts Set New Price Targets

DNB has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. The Goldman Sachs Group upped their price target on Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays upped their target price 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. Finally, Royal Bank of Canada decreased their price target on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.85.

Dun & Bradstreet Profile

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.