Congress Wealth Management LLC DE Buys Shares of 28,000 Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Congress Wealth Management LLC DE bought a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the fourth quarter, Holdings Channel.com reports. The firm bought 28,000 shares of the business services provider’s stock, valued at approximately $349,000.

Several other large investors also recently made changes to their positions in DNB. Steward Partners Investment Advisory LLC increased its position in Dun & Bradstreet by 7,875.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 31,894 shares during the period. State Street Corp increased its holdings in shares of Dun & Bradstreet by 9.8% during the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock valued at $60,167,000 after purchasing an additional 468,027 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Dun & Bradstreet during the fourth quarter valued at about $323,000. Charles Schwab Investment Management Inc. lifted its holdings in Dun & Bradstreet by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider’s stock worth $50,785,000 after purchasing an additional 99,795 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Dun & Bradstreet by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock valued at $20,655,000 after buying an additional 141,054 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

Insider Buying and Selling

In other news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the sale, the chairman now directly owns 8,109,644 shares of the company’s stock, valued at $72,905,699.56. This trade represents a 23.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DNB has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.15 price target (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Needham & Company LLC restated a “hold” rating and issued a $14.00 target price on shares of Dun & Bradstreet in a research report on Monday, March 24th. Huber Research upgraded Dun & Bradstreet to a “strong sell” rating in a research report on Monday, March 24th. The Goldman Sachs Group cut their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.86.

Dun & Bradstreet Price Performance

DNB opened at $8.93 on Friday. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.95. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $3.94 billion, a P/E ratio of -148.73, a PEG ratio of 2.21 and a beta of 1.19. The stock has a fifty day moving average of $9.99 and a 200-day moving average of $11.20.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. Equities analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.