US Bancorp DE Cuts Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

US Bancorp DE trimmed its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 46.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,371 shares of the business services provider’s stock after selling 10,948 shares during the period. US Bancorp DE’s holdings in Dun & Bradstreet were worth $142,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Dun & Bradstreet in the third quarter valued at approximately $180,000. Allspring Global Investments Holdings LLC increased its position in Dun & Bradstreet by 7.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock worth $242,690,000 after buying an additional 1,451,705 shares in the last quarter. Raymond James & Associates lifted its position in shares of Dun & Bradstreet by 8.6% in the third quarter. Raymond James & Associates now owns 1,542,456 shares of the business services provider’s stock valued at $17,754,000 after acquiring an additional 122,460 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Dun & Bradstreet by 28.2% during the third quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 1,284 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Dun & Bradstreet during the 3rd quarter worth about $2,436,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Stock Performance

NYSE:DNB opened at $12.13 on Friday. Dun & Bradstreet Holdings, Inc. has a twelve month low of $8.77 and a twelve month high of $12.75. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of -151.56, a PEG ratio of 3.45 and a beta of 1.15. 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’s fifty day simple moving average is $11.54 and its 200 day simple moving average is $10.78.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The company 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 company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, equities research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.65%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -250.00%.

Analyst Upgrades and Downgrades

DNB has been the topic of a number of recent research reports. Barclays upped their target price on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Royal Bank of Canada reduced their price target on 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. StockNews.com raised Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

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.