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

Ionic Capital Management LLC decreased its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 482,621 shares of the business services provider’s stock after selling 10,239 shares during the quarter. Dun & Bradstreet comprises about 1.0% of Ionic Capital Management LLC’s holdings, making the stock its 14th largest position. Ionic Capital Management LLC owned 0.11% of Dun & Bradstreet worth $5,555,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DNB. Blue Trust Inc. boosted its holdings in shares of Dun & Bradstreet by 129.1% in the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,563 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Dun & Bradstreet by 85.1% during the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after acquiring an additional 4,000 shares during the last quarter. Xponance Inc. acquired a new position in shares of Dun & Bradstreet in the 2nd quarter valued at about $100,000. KBC Group NV grew its holdings in shares of Dun & Bradstreet by 33.9% during the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock worth $114,000 after purchasing an additional 2,499 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Dun & Bradstreet during the 3rd quarter worth approximately $117,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DNB has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Friday, November 1st. The Goldman Sachs Group increased their price target on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays upped their target price 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 Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.83.

Dun & Bradstreet Stock Down 0.2 %

Shares of NYSE:DNB opened at $12.67 on Tuesday. The firm has a market cap of $5.59 billion, a PE ratio of -158.38, a price-to-earnings-growth ratio of 3.53 and a beta of 1.16. The company has a fifty day simple moving average of $11.74 and a 200 day simple moving average of $10.96. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. Dun & Bradstreet Holdings, Inc. has a 12-month low of $8.77 and a 12-month high of $12.94.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 EPS. On average, equities research analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.58%. Dun & Bradstreet’s dividend payout ratio (DPR) is -250.00%.

About Dun & Bradstreet

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.