Bank of New York Mellon Corp grew its holdings in Dun & Bradstreet Corp (NYSE:DNB) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,374 shares of the business services provider’s stock after purchasing an additional 17,549 shares during the quarter. Bank of New York Mellon Corp owned about 1.51% of Dun & Bradstreet worth $65,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Glenview Capital Management LLC bought a new stake in Dun & Bradstreet in the 2nd quarter valued at about $108,776,000. Shapiro Capital Management LLC bought a new stake in Dun & Bradstreet in the 2nd quarter valued at about $98,786,000. Cramer Rosenthal Mcglynn LLC increased its position in Dun & Bradstreet by 52.5% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,735,371 shares of the business services provider’s stock valued at $187,680,000 after buying an additional 597,297 shares in the last quarter. BlackRock Inc. increased its position in Dun & Bradstreet by 20.2% in the 2nd quarter. BlackRock Inc. now owns 3,050,058 shares of the business services provider’s stock valued at $329,861,000 after buying an additional 511,579 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Dun & Bradstreet by 43.5% in the 2nd quarter. Bessemer Group Inc. now owns 1,285,064 shares of the business services provider’s stock valued at $138,981,000 after buying an additional 389,334 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.
DNB has been the subject of a number of research analyst reports. Zacks Investment Research lowered Dun & Bradstreet from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Robert W. Baird decreased their price objective on Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Goldman Sachs Group started coverage on Dun & Bradstreet in a report on Wednesday, November 8th. They set a “neutral” rating and a $125.00 price objective for the company. Finally, Barclays raised Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $105.00 to $125.00 in a report on Monday, November 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $125.75.
Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.21. The firm had revenue of $428.30 million during the quarter, compared to analyst estimates of $428.81 million. Dun & Bradstreet had a negative return on equity of 28.31% and a net margin of 11.12%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 EPS. analysts expect that Dun & Bradstreet Corp will post 7.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were paid a $0.5025 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.01 dividend on an annualized basis and a dividend yield of 1.67%. Dun & Bradstreet’s payout ratio is presently 37.92%.
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Dun & Bradstreet Company Profile
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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