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

Principal Financial Group Inc. lowered its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,602 shares of the business services provider’s stock after selling 4,462 shares during the period. Principal Financial Group Inc.’s holdings in Dun & Bradstreet were worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DNB. KBC Group NV grew its holdings in Dun & Bradstreet by 33.9% in the third quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 2,499 shares during the period. Paloma Partners Management Co acquired a new position in Dun & Bradstreet during the third quarter valued at approximately $117,000. Empowered Funds LLC acquired a new position in Dun & Bradstreet during the fourth quarter valued at approximately $127,000. Y Intercept Hong Kong Ltd acquired a new position in Dun & Bradstreet during the third quarter valued at approximately $120,000. Finally, AlphaCore Capital LLC acquired a new position in Dun & Bradstreet during the third quarter valued at approximately $156,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Stock Up 3.1 %

Dun & Bradstreet stock opened at $8.81 on Friday. The company has a 50-day simple moving average of $10.97 and a 200-day simple moving average of $11.56. The firm has a market capitalization of $3.89 billion, a P/E ratio of -146.78, a P/E/G ratio of 2.21 and a beta of 1.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. Dun & Bradstreet Holdings, Inc. has a one year low of $8.44 and a one year high of $12.94.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The business had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. As a group, equities analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, March 6th. Dun & Bradstreet’s payout ratio is -333.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DNB. The Goldman Sachs Group reduced their target price on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Needham & Company LLC reduced their target price on shares of Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dun & Bradstreet presently has a consensus rating of “Hold” and an average target price of $12.50.

Dun & Bradstreet Company Profile

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.