JPMorgan Chase & Co. Sells 53,125 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

JPMorgan Chase & Co. trimmed its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 15.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 300,904 shares of the business services provider’s stock after selling 53,125 shares during the quarter. JPMorgan Chase & Co. owned about 0.07% of Dun & Bradstreet worth $3,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DNB. Geode Capital Management LLC lifted its stake in shares of Dun & Bradstreet by 15.8% during the third quarter. Geode Capital Management LLC now owns 4,677,399 shares of the business services provider’s stock valued at $53,853,000 after acquiring an additional 639,419 shares during the period. Barclays PLC raised its holdings in Dun & Bradstreet by 144.9% during the 3rd quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock worth $13,728,000 after purchasing an additional 705,707 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Dun & Bradstreet during the 3rd quarter valued at about $120,000. MML Investors Services LLC grew its position in shares of Dun & Bradstreet by 62.2% during the 3rd quarter. MML Investors Services LLC now owns 27,795 shares of the business services provider’s stock worth $320,000 after buying an additional 10,658 shares during the period. Finally, State Street Corp raised its stake in shares of Dun & Bradstreet by 9.8% during the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock worth $60,167,000 after buying an additional 468,027 shares during the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DNB. StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.13.

Dun & Bradstreet Trading Up 0.3 %

Shares of NYSE:DNB opened at $11.32 on Friday. The company’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $11.58. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -141.54, a PEG ratio of 2.64 and a beta of 1.15. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08. Dun & Bradstreet Holdings, Inc. has a 12 month low of $8.77 and a 12 month high of $12.94.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The business had revenue of $609.10 million for the quarter, compared to analyst estimates of $605.64 million. During the same quarter last year, the firm earned $0.23 EPS. Dun & Bradstreet’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.77%. Dun & Bradstreet’s payout ratio is presently -250.00%.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.