Oppenheimer Asset Management Inc. Buys Shares of 12,951 Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Oppenheimer Asset Management Inc. bought a new stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the 2nd quarter, Holdings Channel.com reports. The fund bought 12,951 shares of the business services provider’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC purchased a new position in Dun & Bradstreet in the first quarter valued at about $37,000. Blue Trust Inc. grew its stake in Dun & Bradstreet by 129.1% in the second quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,563 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Dun & Bradstreet during the first quarter worth about $70,000. Innealta Capital LLC purchased a new stake in shares of Dun & Bradstreet during the first quarter worth about $113,000. Finally, Oak Thistle LLC purchased a new stake in shares of Dun & Bradstreet during the first quarter worth about $126,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank of Canada dropped 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. Barclays boosted their price target on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Needham & Company LLC restated a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.85.

Dun & Bradstreet Price Performance

Shares of NYSE DNB opened at $11.25 on Monday. The business’s 50 day moving average price is $11.41 and its 200 day moving average price is $10.28. The firm has a market cap of $4.98 billion, a P/E ratio of -140.63, a P/E/G ratio of 2.14 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a 52 week low of $8.68 and a 52 week high of $12.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. Dun & Bradstreet’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, sell-side analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.89 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Thursday, September 5th. Dun & Bradstreet’s payout ratio is presently -250.00%.

Dun & Bradstreet Company 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.