Raymond James Financial Inc. Takes $26.82 Million Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Raymond James Financial Inc. bought a new stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,152,270 shares of the business services provider’s stock, valued at approximately $26,817,000. Raymond James Financial Inc. owned 0.49% of Dun & Bradstreet as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. KBC Group NV boosted its position in shares of Dun & Bradstreet by 33.9% in the third quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 2,499 shares during the period. Paloma Partners Management Co bought a new stake in Dun & Bradstreet during the third quarter worth about $117,000. Empowered Funds LLC bought a new stake in Dun & Bradstreet during the fourth quarter worth about $127,000. Y Intercept Hong Kong Ltd bought a new stake in Dun & Bradstreet during the third quarter worth about $120,000. Finally, New World Advisors LLC bought a new stake in Dun & Bradstreet during the fourth quarter worth about $143,000. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Stock Up 2.0 %

DNB stock opened at $8.05 on Friday. The stock has a market capitalization of $3.55 billion, a P/E ratio of -134.08, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.94. The firm has a 50-day moving average price of $10.54 and a 200-day moving average price of $11.42.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data 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). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. As a group, equities research analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio is currently -333.33%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Needham & Company LLC cut their price objective on shares of Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dun & Bradstreet presently has an average rating of “Hold” and an average price target of $12.50.

Dun & Bradstreet 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.