Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 15.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,929 shares of the business services provider’s stock after selling 2,009 shares during the quarter. Truist Financial Corp’s holdings in Dun & Bradstreet were worth $101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Dun & Bradstreet by 13.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 53,353,508 shares of the business services provider’s stock worth $494,053,000 after buying an additional 6,375,371 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Dun & Bradstreet by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock valued at $275,380,000 after acquiring an additional 868,621 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Dun & Bradstreet by 17.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,633,433 shares of the business services provider’s stock worth $181,806,000 after acquiring an additional 2,983,677 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Dun & Bradstreet by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,665,247 shares of the business services provider’s stock worth $135,796,000 after acquiring an additional 1,809,638 shares during the period. Finally, Capital International Investors grew its stake in Dun & Bradstreet by 11.2% during the 1st quarter. Capital International Investors now owns 13,899,046 shares of the business services provider’s stock valued at $139,546,000 after purchasing an additional 1,402,537 shares during the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DNB. The Goldman Sachs Group raised their price objective 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 raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Monday, August 5th. Barclays increased their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Finally, 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 for the company in a research report on Friday, August 2nd. Five 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 stock. According to MarketBeat.com, Dun & Bradstreet currently has an average rating of “Moderate Buy” and an average price target of $13.85.

Dun & Bradstreet Stock Up 0.7 %

DNB stock opened at $11.54 on Monday. The firm’s fifty day moving average is $11.63 and its 200 day moving average is $10.47. The firm has a market cap of $5.11 billion, a PE ratio of -144.25, a P/E/G ratio of 2.66 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a one year low of $8.68 and a one year high of $12.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.71.

Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $576.20 million for the quarter, compared to analysts’ expectations of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. On average, research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 5th. Dun & Bradstreet’s payout ratio is -250.00%.

Dun & Bradstreet Company 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.