State Street Corp Has $60.17 Million Stock Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

State Street Corp boosted its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 9.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,227,336 shares of the business services provider’s stock after buying an additional 468,027 shares during the quarter. State Street Corp’s holdings in Dun & Bradstreet were worth $60,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Dun & Bradstreet by 23.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,976,053 shares of the business services provider’s stock valued at $45,764,000 after buying an additional 760,956 shares during the last quarter. Versor Investments LP acquired a new position in Dun & Bradstreet in the 2nd quarter valued at approximately $575,000. Allspring Global Investments Holdings LLC raised its holdings in Dun & Bradstreet by 7.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock valued at $242,690,000 after acquiring an additional 1,451,705 shares in the last quarter. Vulcan Value Partners LLC lifted its position in shares of Dun & Bradstreet by 26.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 5,206,280 shares of the business services provider’s stock worth $48,210,000 after acquiring an additional 1,099,217 shares during the period. Finally, FMR LLC increased its position in shares of Dun & Bradstreet by 17.8% during the third quarter. FMR LLC now owns 11,465,075 shares of the business services provider’s stock valued at $131,963,000 after purchasing an additional 1,733,220 shares during the period. 86.68% of the stock is owned by institutional investors.

Dun & Bradstreet Stock Down 1.1 %

Shares of NYSE:DNB opened at $12.19 on Thursday. The company has a market capitalization of $5.38 billion, a PE ratio of -152.38, a P/E/G ratio of 3.44 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70. The company’s fifty day moving average is $11.99 and its 200-day moving average is $11.16. Dun & Bradstreet Holdings, Inc. has a 52 week low of $8.77 and a 52 week high of $12.94.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $609.10 million for the quarter, compared to analyst estimates of $605.64 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Equities research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. Dun & Bradstreet’s dividend payout ratio is -250.00%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DNB. Barclays raised their target price on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a report on Friday, November 1st. Finally, StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.83.

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.