Marshall Wace LLP acquired a new position in shares of Dun & Bradstreet Corp (NYSE:DNB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,750 shares of the business services provider’s stock, valued at approximately $4,630,000. Marshall Wace LLP owned approximately 0.10% of Dun & Bradstreet at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. People s United Financial Inc. purchased a new position in shares of Dun & Bradstreet during the 2nd quarter worth approximately $15,105,000. Cerebellum GP LLC purchased a new position in shares of Dun & Bradstreet during the 2nd quarter worth approximately $174,000. Cutler Group LP purchased a new position in shares of Dun & Bradstreet during the 2nd quarter worth approximately $196,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Dun & Bradstreet during the 1st quarter worth approximately $217,000. Finally, TLP Group LLC increased its stake in shares of Dun & Bradstreet by 2,480.2% during the 1st quarter. TLP Group LLC now owns 2,090 shares of the business services provider’s stock worth $245,000 after purchasing an additional 2,009 shares in the last quarter. 88.68% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Dun & Bradstreet from a “buy” rating to a “hold” rating in a research note on Thursday, July 12th. Wells Fargo & Co lifted their target price on shares of Dun & Bradstreet from $113.00 to $120.00 and gave the stock a “market perform” rating in a research note on Monday, June 25th. Robert W. Baird reaffirmed a “neutral” rating and issued a $127.00 target price on shares of Dun & Bradstreet in a research note on Monday, June 18th. ValuEngine raised shares of Dun & Bradstreet from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $145.00 target price (up from $140.00) on shares of Dun & Bradstreet in a research note on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $132.00.
DNB stock opened at $144.54 on Monday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.84 and a beta of 1.26. The company has a debt-to-equity ratio of -1.73, a current ratio of 0.61 and a quick ratio of 0.61. Dun & Bradstreet Corp has a one year low of $105.42 and a one year high of $145.00.
Dun & Bradstreet (NYSE:DNB) last released its earnings results on Wednesday, August 8th. The business services provider reported $1.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.10). The firm had revenue of $439.60 million during the quarter, compared to analysts’ expectations of $402.78 million. Dun & Bradstreet had a negative return on equity of 34.95% and a net margin of 13.08%. sell-side analysts expect that Dun & Bradstreet Corp will post 8.47 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Wednesday, August 22nd were paid a $0.5225 dividend. The ex-dividend date was Tuesday, August 21st. This represents a $2.09 annualized dividend and a yield of 1.45%. Dun & Bradstreet’s payout ratio is currently 28.40%.
Dun & Bradstreet Profile
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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