Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC cut its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 482,621 shares of the business services provider’s stock after selling 10,239 shares during the period. Dun & Bradstreet makes up about 1.0% of Ionic Capital Management LLC’s portfolio, making the stock its 14th largest holding. Ionic Capital Management LLC owned 0.11% of Dun & Bradstreet worth $5,555,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Dun & Bradstreet by 7.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 127,708 shares of the business services provider’s stock worth $1,283,000 after buying an additional 8,540 shares in the last quarter. California State Teachers Retirement System raised its stake in Dun & Bradstreet by 1.6% during the first quarter. California State Teachers Retirement System now owns 264,527 shares of the business services provider’s stock worth $2,656,000 after purchasing an additional 4,173 shares during the period. Jane Street Group LLC purchased a new stake in shares of Dun & Bradstreet in the 1st quarter valued at approximately $3,936,000. Tidal Investments LLC increased its holdings in shares of Dun & Bradstreet by 10.2% during the 1st quarter. Tidal Investments LLC now owns 30,924 shares of the business services provider’s stock worth $310,000 after buying an additional 2,856 shares during the last quarter. Finally, CWM LLC increased its stake in Dun & Bradstreet by 356.6% during the second quarter. CWM LLC now owns 15,505 shares of the business services provider’s stock worth $144,000 after acquiring an additional 12,109 shares during the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DNB. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Friday, November 1st. The Goldman Sachs Group increased their target price on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a report on Monday, August 5th. Barclays upped their price objective on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Dun & Bradstreet has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

Dun & Bradstreet Price Performance

Shares of NYSE DNB opened at $12.67 on Tuesday. Dun & Bradstreet Holdings, Inc. has a 52-week low of $8.77 and a 52-week high of $12.94. The business has a 50-day moving average price of $11.74 and a 200 day moving average price of $10.96. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70.

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

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.58%. Dun & Bradstreet’s payout ratio is -250.00%.

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.