Dun & Bradstreet Corp (DNB) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in Dun & Bradstreet Corp (NYSE:DNB) by 82.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,386 shares of the business services provider’s stock after selling 82,249 shares during the quarter. Wells Fargo & Company MN’s holdings in Dun & Bradstreet were worth $2,023,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. OxFORD Asset Management LLP lifted its holdings in shares of Dun & Bradstreet by 1.6% in the second quarter. OxFORD Asset Management LLP now owns 13,291 shares of the business services provider’s stock valued at $1,437,000 after buying an additional 207 shares during the period. M&T Bank Corp lifted its holdings in shares of Dun & Bradstreet by 8.9% in the second quarter. M&T Bank Corp now owns 5,584 shares of the business services provider’s stock valued at $604,000 after buying an additional 457 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Dun & Bradstreet by 8.4% in the third quarter. Pacer Advisors Inc. now owns 6,185 shares of the business services provider’s stock valued at $720,000 after buying an additional 481 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in shares of Dun & Bradstreet by 13.5% in the third quarter. Virginia Retirement Systems ET AL now owns 4,200 shares of the business services provider’s stock valued at $489,000 after buying an additional 500 shares during the period. Finally, Commonwealth Equity Services Inc lifted its holdings in shares of Dun & Bradstreet by 23.2% in the third quarter. Commonwealth Equity Services Inc now owns 2,719 shares of the business services provider’s stock valued at $316,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Several brokerages have recently weighed in on DNB. Zacks Investment Research lowered Dun & Bradstreet from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Barclays upgraded Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $105.00 to $125.00 in a report on Monday, November 13th. Goldman Sachs Group began coverage on Dun & Bradstreet in a report on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 price objective for the company. Finally, Robert W. Baird cut 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $125.75.

Shares of Dun & Bradstreet Corp (NYSE:DNB) opened at $119.42 on Wednesday. Dun & Bradstreet Corp has a fifty-two week low of $100.46 and a fifty-two week high of $125.57. The company has a market capitalization of $4,433.69, a price-to-earnings ratio of 23.01, a PEG ratio of 1.81 and a beta of 1.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of -1.93.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Wednesday, November 1st. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.58 by $0.21. Dun & Bradstreet had a negative return on equity of 28.31% and a net margin of 11.12%. The business had revenue of $428.30 million during the quarter, compared to the consensus estimate of $428.81 million. During the same period in the prior year, the business posted $1.79 earnings per share. Dun & Bradstreet’s revenue was up 3.8% compared to the same quarter last year. sell-side analysts anticipate that Dun & Bradstreet Corp will post 7.17 EPS for the current year.

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About Dun & Bradstreet

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.

Institutional Ownership by Quarter for Dun & Bradstreet (NYSE:DNB)

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