Prudential Financial Inc. Sells 1,634,042 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Prudential Financial Inc. trimmed its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 39.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,557,847 shares of the business services provider’s stock after selling 1,634,042 shares during the quarter. Prudential Financial Inc. owned about 0.58% of Dun & Bradstreet worth $31,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Amundi lifted its position in Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider’s stock worth $64,000 after acquiring an additional 1,126 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Dun & Bradstreet during the 3rd quarter worth about $117,000. Y Intercept Hong Kong Ltd bought a new stake in Dun & Bradstreet during the 3rd quarter valued at approximately $120,000. Empowered Funds LLC acquired a new stake in Dun & Bradstreet in the 4th quarter valued at approximately $127,000. Finally, New World Advisors LLC bought a new position in Dun & Bradstreet in the 4th quarter worth approximately $143,000. 86.68% of the stock is owned by institutional investors.

Dun & Bradstreet Price Performance

Shares of DNB opened at $8.96 on Wednesday. The stock has a market cap of $3.96 billion, a P/E ratio of -149.31, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.95. The stock’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $11.25. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The firm had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. On average, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio is currently -333.33%.

Analyst Ratings Changes

DNB has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price target on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Needham & Company LLC reissued a “hold” rating and set a $14.00 target price on shares of Dun & Bradstreet in a research report on Monday. The Goldman Sachs Group cut their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, Dun & Bradstreet currently has an average rating of “Hold” and an average target price of $11.86.

Dun & Bradstreet Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.