Charles Schwab Investment Management Inc. Acquires 760,956 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Charles Schwab Investment Management Inc. raised its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 23.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,976,053 shares of the business services provider’s stock after buying an additional 760,956 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.90% of Dun & Bradstreet worth $45,764,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DNB. Jane Street Group LLC bought a new position in Dun & Bradstreet during the first quarter worth $3,936,000. Versor Investments LP bought a new position in shares of Dun & Bradstreet during the 2nd quarter worth about $575,000. Linden Thomas Advisory Services LLC raised its position in shares of Dun & Bradstreet by 44.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 69,292 shares of the business services provider’s stock valued at $642,000 after buying an additional 21,396 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Dun & Bradstreet by 7.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock valued at $242,690,000 after buying an additional 1,451,705 shares during the period. Finally, CWM LLC grew its position in Dun & Bradstreet by 356.6% during the second quarter. CWM LLC now owns 15,505 shares of the business services provider’s stock worth $144,000 after buying an additional 12,109 shares in the last quarter. 86.68% of the stock is owned by institutional investors.

Dun & Bradstreet Stock Performance

NYSE DNB opened at $12.70 on Monday. Dun & Bradstreet Holdings, Inc. has a 1-year low of $8.77 and a 1-year high of $12.94. The company has a 50 day moving average of $11.74 and a 200-day moving average of $10.96. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of -158.75, a PEG ratio of 3.53 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $609.10 million during the quarter, compared to the consensus estimate of $605.64 million. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DNB shares. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Friday, November 1st. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Barclays increased their price target 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, The Goldman Sachs Group lifted their price objective on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dun & Bradstreet presently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

About Dun & Bradstreet

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.