Bank of New York Mellon Corp Buys 141,054 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Bank of New York Mellon Corp increased its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,657,713 shares of the business services provider’s stock after acquiring an additional 141,054 shares during the period. Bank of New York Mellon Corp owned about 0.38% of Dun & Bradstreet worth $20,655,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. KBC Group NV raised its stake in shares of Dun & Bradstreet by 33.9% during the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock worth $114,000 after purchasing an additional 2,499 shares in the last quarter. Paloma Partners Management Co acquired a new position in Dun & Bradstreet during the third quarter worth $117,000. Y Intercept Hong Kong Ltd bought a new stake in Dun & Bradstreet during the third quarter worth $120,000. Empowered Funds LLC acquired a new stake in Dun & Bradstreet in the fourth quarter valued at $127,000. Finally, New World Advisors LLC acquired a new position in shares of Dun & Bradstreet during the 4th quarter worth about $143,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Dun & Bradstreet Stock Performance

Shares of NYSE:DNB opened at $8.43 on Tuesday. Dun & Bradstreet Holdings, Inc. has a 12-month low of $8.39 and a 12-month high of $12.94. The company’s 50 day moving average price is $10.89 and its two-hundred day moving average price is $11.53. The firm has a market cap of $3.72 billion, a PE ratio of -140.39, a PEG ratio of 2.21 and a beta of 1.19. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06.

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

Dun & Bradstreet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.37%. Dun & Bradstreet’s payout ratio is -333.33%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price target on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC dropped their price target on Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dun & Bradstreet currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet 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.