Dun & Bradstreet Corp (DNB) Shares Bought by Arizona State Retirement System
Arizona State Retirement System lifted its stake in Dun & Bradstreet Corp (NYSE:DNB) by 3.0% during the 2nd quarter, Holdings Channel reports. The fund owned 25,747 shares of the business services provider’s stock after buying an additional 747 shares during the period. Arizona State Retirement System’s holdings in Dun & Bradstreet were worth $3,158,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in DNB. Boston Partners acquired a new stake in shares of Dun & Bradstreet in the first quarter worth $132,621,000. Bank of New York Mellon Corp grew its stake in shares of Dun & Bradstreet by 65.5% in the second quarter. Bank of New York Mellon Corp now owns 826,792 shares of the business services provider’s stock worth $101,407,000 after acquiring an additional 327,334 shares during the last quarter. Millennium Management LLC grew its stake in shares of Dun & Bradstreet by 179.1% in the first quarter. Millennium Management LLC now owns 278,016 shares of the business services provider’s stock worth $32,528,000 after acquiring an additional 178,389 shares during the last quarter. BlackRock Inc. grew its stake in shares of Dun & Bradstreet by 5.2% in the first quarter. BlackRock Inc. now owns 3,310,486 shares of the business services provider’s stock worth $387,328,000 after acquiring an additional 162,240 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Dun & Bradstreet by 282.0% in the first quarter. American Century Companies Inc. now owns 188,312 shares of the business services provider’s stock worth $22,033,000 after acquiring an additional 139,012 shares during the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.
DNB opened at $142.60 on Friday. Dun & Bradstreet Corp has a fifty-two week low of $105.42 and a fifty-two week high of $144.00. The company has a debt-to-equity ratio of -1.73, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 2.81 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Wednesday, August 22nd will be paid a dividend of $0.5225 per share. The ex-dividend date of this dividend 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%.
DNB has been the topic of several research analyst reports. ValuEngine upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Barclays restated an “equal weight” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Dun & Bradstreet in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Co lifted their price target on shares of Dun & Bradstreet from $113.00 to $120.00 and gave the stock a “market perform” rating in a research note on Monday, June 25th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $127.00 price target on shares of Dun & Bradstreet in a research note on Monday, June 18th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $132.00.
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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