Prudential Financial Inc. Sells 1,634,042 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Prudential Financial Inc. lessened its stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 39.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,557,847 shares of the business services provider’s stock after selling 1,634,042 shares during the quarter. Prudential Financial Inc.’s holdings in Dun & Bradstreet were worth $31,001,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DNB. Steward Partners Investment Advisory LLC lifted its position in Dun & Bradstreet by 7,875.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 31,894 shares in the last quarter. State Street Corp lifted its holdings in shares of Dun & Bradstreet by 9.8% in the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock valued at $60,167,000 after purchasing an additional 468,027 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Dun & Bradstreet during the fourth quarter worth about $323,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Dun & Bradstreet by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider’s stock worth $50,785,000 after buying an additional 99,795 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Dun & Bradstreet by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock valued at $20,655,000 after buying an additional 141,054 shares during the last quarter. Institutional investors own 86.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DNB. The Goldman Sachs Group reduced their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, Needham & Company LLC restated a “hold” rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a report on Monday. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.86.

Dun & Bradstreet Stock Performance

Shares of DNB opened at $8.96 on Wednesday. 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 firm has a 50-day moving average of $10.13 and a 200-day moving average of $11.25. The company has a market cap of $3.96 billion, a PE ratio of -149.31, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. Dun & Bradstreet Holdings, Inc. has a one year low of $7.78 and a one year high of $12.95.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. As a group, equities analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio is -333.33%.

About Dun & Bradstreet

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.