Raymond James Trust N.A. Raises Stock Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Raymond James Trust N.A. lifted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 62.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,591 shares of the business services provider’s stock after purchasing an additional 13,249 shares during the quarter. Raymond James Trust N.A.’s holdings in Dun & Bradstreet were worth $398,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Dun & Bradstreet in the 1st quarter worth $3,936,000. Vanguard Group Inc. grew its position in Dun & Bradstreet by 3.3% in the first quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock worth $275,380,000 after acquiring an additional 868,621 shares in the last quarter. Versor Investments LP purchased a new position in Dun & Bradstreet in the second quarter worth about $575,000. Linden Thomas Advisory Services LLC increased its stake in Dun & Bradstreet by 44.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 69,292 shares of the business services provider’s stock worth $642,000 after acquiring an additional 21,396 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Dun & Bradstreet by 7.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock valued at $242,690,000 after purchasing an additional 1,451,705 shares during the period. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Stock Performance

Shares of NYSE:DNB opened at $12.73 on Wednesday. The firm’s 50 day simple moving average is $11.63 and its 200-day simple moving average is $10.90. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70. Dun & Bradstreet Holdings, Inc. has a one year low of $8.77 and a one year high of $12.94. The firm has a market cap of $5.62 billion, a PE ratio of -159.13, a price-to-earnings-growth ratio of 3.50 and a beta of 1.15.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Dun & Bradstreet had a positive return on equity of 11.50% and a negative net margin of 1.46%. The business had revenue of $609.10 million during the quarter, compared to analyst estimates of $605.64 million. During the same period in the previous year, the company posted $0.23 EPS. Dun & Bradstreet’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, December 5th. Dun & Bradstreet’s payout ratio is -250.00%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reduced their price objective on shares of Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays boosted their target price on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

Dun & Bradstreet Profile

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business 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 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 D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.