Moneta Group Investment Advisors LLC Purchases New Position in Dun & Bradstreet Corp (DNB)
Moneta Group Investment Advisors LLC purchased a new position in shares of Dun & Bradstreet Corp (NYSE:DNB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,750 shares of the business services provider’s stock, valued at approximately $204,000.
Several other hedge funds have also modified their holdings of DNB. Schwab Charles Investment Management Inc. increased its holdings in Dun & Bradstreet by 7.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 126,097 shares of the business services provider’s stock worth $14,679,000 after purchasing an additional 8,241 shares during the period. Fort L.P. purchased a new position in Dun & Bradstreet during the 3rd quarter worth $2,923,000. Virginia Retirement Systems ET AL increased its holdings in Dun & Bradstreet by 13.5% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 4,200 shares of the business services provider’s stock worth $489,000 after purchasing an additional 500 shares during the period. Legal & General Group Plc increased its holdings in Dun & Bradstreet by 1.8% during the 3rd quarter. Legal & General Group Plc now owns 157,292 shares of the business services provider’s stock worth $18,310,000 after purchasing an additional 2,760 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Dun & Bradstreet by 1.5% in the 3rd quarter. Nordea Investment Management AB now owns 78,861 shares of the business services provider’s stock valued at $9,180,000 after acquiring an additional 1,190 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on DNB. Zacks Investment Research downgraded 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 lifted their price target 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 target on the stock. Finally, Robert W. Baird cut their price target on Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $125.75.
Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $428.81 million. During the same period last year, the business posted $1.79 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. sell-side analysts anticipate that Dun & Bradstreet Corp will post 7.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a $0.5025 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.01 dividend on an annualized basis and a dividend yield of 1.66%. Dun & Bradstreet’s dividend payout ratio is presently 38.73%.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/30/moneta-group-investment-advisors-llc-purchases-new-position-in-dun-bradstreet-corp-dnb.html.
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.
Receive News & Stock Ratings for Dun & Bradstreet Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dun & Bradstreet Corp and related stocks with our FREE daily email newsletter.