Principal Financial Group Inc. Decreases Stock Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Principal Financial Group Inc. lowered its position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,064 shares of the business services provider’s stock after selling 2,046 shares during the period. Principal Financial Group Inc.’s holdings in Dun & Bradstreet were worth $231,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Dun & Bradstreet by 28.2% during the 3rd quarter. Blue Trust Inc. now owns 5,833 shares of the business services provider’s stock worth $67,000 after acquiring an additional 1,284 shares in the last quarter. OLD National Bancorp IN lifted its stake in Dun & Bradstreet by 6.9% during the second quarter. OLD National Bancorp IN now owns 19,931 shares of the business services provider’s stock worth $185,000 after purchasing an additional 1,286 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Dun & Bradstreet by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,708 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 1,533 shares during the last quarter. Tidal Investments LLC increased its stake in Dun & Bradstreet by 10.2% in the first quarter. Tidal Investments LLC now owns 30,924 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 2,856 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Dun & Bradstreet by 10.4% during the 2nd quarter. Victory Capital Management Inc. now owns 37,513 shares of the business services provider’s stock worth $347,000 after buying an additional 3,533 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DNB shares. The Goldman Sachs Group lifted their price target on shares of 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 upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays upped their target price on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Royal Bank of Canada cut their price target on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.83.

Dun & Bradstreet Trading Up 1.2 %

NYSE:DNB opened at $12.75 on Tuesday. 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 stock’s 50 day simple moving average is $11.63 and its 200-day simple moving average is $10.90. Dun & Bradstreet Holdings, Inc. has a 12-month low of $8.77 and a 12-month high of $12.94. The firm has a market cap of $5.63 billion, a P/E ratio of -159.31, a PEG ratio of 3.50 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last announced 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. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The company had revenue of $609.10 million for the quarter, compared to analysts’ expectations of $605.64 million. During the same period in the previous year, the company posted $0.23 EPS. Dun & Bradstreet’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current year.

Dun & Bradstreet Dividend Announcement

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

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.