Swiss National Bank Buys 8,200 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Posted by Defense World Staff on May 18th, 2023

Swiss National Bank grew its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 471,400 shares of the business services provider’s stock after buying an additional 8,200 shares during the period. Swiss National Bank owned 0.11% of Dun & Bradstreet worth $5,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DNB. Advisor Group Holdings Inc. lifted its stake in Dun & Bradstreet by 287.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider’s stock worth $48,000 after purchasing an additional 2,040 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Dun & Bradstreet by 42.8% during the 1st quarter. JPMorgan Chase & Co. now owns 42,698 shares of the business services provider’s stock valued at $748,000 after acquiring an additional 12,791 shares during the last quarter. US Bancorp DE purchased a new position in shares of Dun & Bradstreet during the first quarter worth about $96,000. Private Advisor Group LLC purchased a new position in Dun & Bradstreet in the 1st quarter worth approximately $348,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Dun & Bradstreet by 5,483.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider’s stock worth $70,000 after buying an additional 3,893 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 1,290,994 shares of Dun & Bradstreet stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $10.72, for a total transaction of $13,839,455.68. Following the sale, the chairman now owns 2,459,658 shares of the company’s stock, valued at approximately $26,367,533.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman William P. Foley II sold 1,290,994 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $10.72, for a total value of $13,839,455.68. Following the completion of the transaction, the chairman now owns 2,459,658 shares in the company, valued at approximately $26,367,533.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony M. Jabbour purchased 116,250 shares of Dun & Bradstreet stock in a transaction that occurred on Monday, March 20th. The stock was purchased at an average cost of $10.74 per share, for a total transaction of $1,248,525.00. Following the completion of the purchase, the chief executive officer now owns 475,252 shares of the company’s stock, valued at $5,104,206.48. The disclosure for this purchase can be found here. 9.60% of the stock is currently owned by company insiders.

Dun & Bradstreet Price Performance

DNB stock opened at $10.13 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.03. The firm’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $12.44. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -1,013.00, a PEG ratio of 1.55 and a beta of 0.96. Dun & Bradstreet Holdings, Inc. has a 12-month low of $9.86 and a 12-month high of $17.50.

Dun & Bradstreet (NYSE:DNB – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Dun & Bradstreet had a positive return on equity of 11.02% and a negative net margin of 0.21%. The company had revenue of $540.60 million for the quarter, compared to the consensus estimate of $531.82 million. During the same quarter in the previous year, the business earned $0.22 EPS. Dun & Bradstreet’s revenue was up .9% compared to the same quarter last year. As a group, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.84 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, May 31st. Dun & Bradstreet’s payout ratio is -2,000.00%.

Analyst Upgrades and Downgrades

DNB has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Dun & Bradstreet from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, February 17th. The Goldman Sachs Group reduced their price objective on Dun & Bradstreet from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 17th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Dun & Bradstreet in a research report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $17.00 in a report on Thursday, February 23rd. Finally, StockNews.com initiated coverage on shares of Dun & Bradstreet in a report on Thursday. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.75.

About Dun & Bradstreet

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Dun & Bradstreet Holdings, Inc provides business decisioning 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 powerful 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 InfoTorg, an online SaaS application.