Dun & Bradstreet Corp (DNB) Holdings Raised by AGF Investments Inc.
AGF Investments Inc. raised its stake in shares of Dun & Bradstreet Corp (NYSE:DNB) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 655,218 shares of the business services provider’s stock after acquiring an additional 63,321 shares during the period. AGF Investments Inc.’s holdings in Dun & Bradstreet were worth $80,362,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Dun & Bradstreet by 52.2% in the 1st quarter. Wells Fargo & Company MN now owns 32,483 shares of the business services provider’s stock valued at $3,800,000 after purchasing an additional 11,137 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Dun & Bradstreet in the 1st quarter valued at $354,000. Trexquant Investment LP increased its stake in shares of Dun & Bradstreet by 43.6% in the 1st quarter. Trexquant Investment LP now owns 13,649 shares of the business services provider’s stock valued at $1,597,000 after purchasing an additional 4,143 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Dun & Bradstreet by 282.0% in the 1st quarter. American Century Companies Inc. now owns 188,312 shares of the business services provider’s stock valued at $22,033,000 after purchasing an additional 139,012 shares during the last quarter. Finally, Boston Partners bought a new position in shares of Dun & Bradstreet in the 1st quarter valued at $132,621,000. Institutional investors and hedge funds own 88.68% of the company’s stock.
Several equities analysts have recently issued reports on DNB shares. Barclays reiterated an “equal weight” rating and issued a $145.00 price target (up previously from $140.00) on shares of Dun & Bradstreet in a research note on Friday, August 10th. Robert W. Baird lifted their price target on Dun & Bradstreet from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine upgraded Dun & Bradstreet from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Finally, Wells Fargo & Co lifted their price target on Dun & Bradstreet from $113.00 to $120.00 and gave the company a “market perform” rating in a research note on Monday, June 25th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Dun & Bradstreet has an average rating of “Hold” and an average target price of $132.00.
Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Wednesday, August 8th. The business services provider reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). The firm had revenue of $439.60 million for the quarter, compared to the consensus estimate of $402.78 million. Dun & Bradstreet had a negative return on equity of 34.95% and a net margin of 13.08%. equities research analysts expect that Dun & Bradstreet Corp will post 8.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Wednesday, August 22nd will be given a dividend of $0.5225 per share. The ex-dividend date is Tuesday, August 21st. This represents a $2.09 dividend on an annualized basis and a yield of 1.47%. Dun & Bradstreet’s dividend payout ratio is currently 28.40%.
About Dun & Bradstreet
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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