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Staley Capital Advisers Inc. Buys 25,000 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Financial News Live · Sep 5, 2022 11:41

Staley Capital Advisers Inc. raised its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB – Get Rating) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 650,000 shares of the business services provider's stock after acquiring an additional 25,000 shares during the period. Staley Capital Advisers Inc.'s holdings in Dun & Bradstreet were worth $11,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DNB. Advisor Group Holdings Inc. lifted its stake in Dun & Bradstreet by 287.3% in the first quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider's stock worth $48,000 after acquiring an additional 2,040 shares during the period. MetLife Investment Management LLC purchased a new position in Dun & Bradstreet during the first quarter valued at $56,000. PNC Financial Services Group Inc. lifted its position in Dun & Bradstreet by 5,483.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider's stock valued at $70,000 after buying an additional 3,893 shares during the period. US Bancorp DE purchased a new position in shares of Dun & Bradstreet in the 1st quarter worth about $96,000. Finally, Principal Financial Group Inc. raised its position in shares of Dun & Bradstreet by 44.2% in the 1st quarter. Principal Financial Group Inc. now owns 15,554 shares of the business services provider's stock worth $273,000 after purchasing an additional 4,771 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

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Dun & Bradstreet Trading Down 0.7 %

Shares of DNB traded down $0.10 during mid-day trading on Monday, reaching $14.16. The stock had a trading volume of 88,603 shares, compared to its average volume of 1,967,178. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79. The business has a fifty day moving average of $15.30 and a 200 day moving average of $16.20. Dun & Bradstreet Holdings, Inc. has a 12 month low of $13.67 and a 12 month high of $21.15.

Dun & Bradstreet (NYSE:DNB – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Dun & Bradstreet had a negative net margin of 1.27% and a positive return on equity of 11.94%. The business had revenue of $537.30 million during the quarter, compared to analyst estimates of $535.92 million. During the same quarter last year, the business earned $0.25 earnings per share. Dun & Bradstreet's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Dun & Bradstreet Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, August 31st. Dun & Bradstreet's dividend payout ratio (DPR) is -333.28%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays decreased their target price on Dun & Bradstreet from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday, July 1st. Wells Fargo & Company began coverage on shares of Dun & Bradstreet in a report on Wednesday, July 13th. They set an "overweight" rating and a $21.00 price objective for the company. Credit Suisse Group decreased their price objective on shares of Dun & Bradstreet from $30.00 to $23.00 and set an "outperform" rating for the company in a report on Tuesday, May 10th. Bank of America raised shares of Dun & Bradstreet from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 6th. Finally, Royal Bank of Canada cut shares of Dun & Bradstreet from an "outperform" rating to a "sector perform" rating and upped their target price for the company from $16.00 to $18.00 in a report on Monday, June 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $20.33.

Insider Buying and Selling

In other Dun & Bradstreet news, CEO Anthony M. Jabbour purchased 105,000 shares of Dun & Bradstreet stock in a transaction dated Tuesday, June 14th. The shares were acquired at an average cost of $13.84 per share, with a total value of $1,453,200.00. Following the completion of the transaction, the chief executive officer now owns 359,002 shares in the company, valued at approximately $4,968,587.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Richard N. Massey sold 100,000 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $14.90, for a total transaction of $1,490,000.00. Following the sale, the director now directly owns 199,882 shares of the company's stock, valued at approximately $2,978,241.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony M. Jabbour bought 105,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were purchased at an average cost of $13.84 per share, for a total transaction of $1,453,200.00. Following the completion of the purchase, the chief executive officer now owns 359,002 shares in the company, valued at $4,968,587.68. The disclosure for this purchase can be found here. Insiders sold 9,329,350 shares of company stock valued at $128,730,097 over the last 90 days. Corporate insiders own 9.60% of the company's stock.

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.