JPMorgan Chase & Co. Decreases Holdings in Dun & Bradstreet Corp (DNB)
JPMorgan Chase & Co. lowered its stake in shares of Dun & Bradstreet Corp (NYSE:DNB) by 26.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,380 shares of the business services provider’s stock after selling 62,678 shares during the period. JPMorgan Chase & Co. owned about 0.46% of Dun & Bradstreet worth $19,942,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. ETF Managers Group LLC acquired a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at $173,000. Nomura Holdings Inc. acquired a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at $206,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at $216,000. First Mercantile Trust Co. acquired a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at $230,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Dun & Bradstreet in the 2nd quarter valued at $253,000. 90.86% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on DNB shares. Zacks Investment Research raised shares of Dun & Bradstreet from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Thursday, August 24th. Barclays raised shares of Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $105.00 to $125.00 in a research note on Monday, November 13th. Goldman Sachs Group started coverage on shares of Dun & Bradstreet in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on shares of Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $125.75.
Dun & Bradstreet (NYSE:DNB) last released its earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.21. The firm had revenue of $428.30 million during the quarter, compared to analyst estimates of $428.81 million. Dun & Bradstreet had a net margin of 11.12% and a negative return on equity of 28.31%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 EPS. equities analysts expect that Dun & Bradstreet Corp will post 7.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Tuesday, November 21st. Dun & Bradstreet’s dividend payout ratio is 38.73%.
Dun & Bradstreet Company Profile
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.
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