Arrowstreet Capital Limited Partnership Buys 500,992 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 49.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,506,269 shares of the business services provider’s stock after purchasing an additional 500,992 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Dun & Bradstreet were worth $18,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Pictet Asset Management Holding SA grew its position in Dun & Bradstreet by 18.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 43,237 shares of the business services provider’s stock worth $539,000 after acquiring an additional 6,591 shares during the last quarter. Norges Bank acquired a new stake in shares of Dun & Bradstreet during the fourth quarter valued at about $42,016,000. Blair William & Co. IL grew its holdings in shares of Dun & Bradstreet by 27.8% during the fourth quarter. Blair William & Co. IL now owns 29,700 shares of the business services provider’s stock worth $370,000 after purchasing an additional 6,461 shares during the last quarter. Congress Wealth Management LLC DE acquired a new position in shares of Dun & Bradstreet in the fourth quarter valued at approximately $349,000. Finally, LPL Financial LLC raised its holdings in Dun & Bradstreet by 67.0% in the 4th quarter. LPL Financial LLC now owns 45,635 shares of the business services provider’s stock valued at $569,000 after buying an additional 18,316 shares during the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on DNB. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their target price on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Needham & Company LLC reissued a “hold” rating and issued a $14.00 price target on shares of Dun & Bradstreet in a research note on Monday, March 24th. StockNews.com assumed coverage on Dun & Bradstreet in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Dun & Bradstreet has a consensus rating of “Hold” and a consensus price target of $11.86.

Insider Activity

In related news, Chairman William P. Foley II sold 2,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the transaction, the chairman now directly owns 8,109,644 shares of the company’s stock, valued at approximately $72,905,699.56. This represents a 23.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.44% of the company’s stock.

Dun & Bradstreet Stock Down 2.2 %

Shares of NYSE:DNB opened at $8.74 on Friday. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The business’s 50-day moving average is $9.73 and its 200-day moving average is $11.11. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -145.63, a P/E/G ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The business had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio (DPR) is currently -333.33%.

Dun & Bradstreet Company 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.