Dun & Bradstreet Corp (DNB) Holdings Reduced by Prudential Financial Inc.
Prudential Financial Inc. lowered its position in Dun & Bradstreet Corp (NYSE:DNB) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,467 shares of the business services provider’s stock after selling 1,740 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Dun & Bradstreet worth $3,207,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DNB. Federated Investors Inc. PA lifted its stake in Dun & Bradstreet by 2,907.8% in the third quarter. Federated Investors Inc. PA now owns 522,432 shares of the business services provider’s stock valued at $74,451,000 after acquiring an additional 505,063 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Dun & Bradstreet by 695.4% in the third quarter. JPMorgan Chase & Co. now owns 561,179 shares of the business services provider’s stock valued at $79,974,000 after acquiring an additional 490,622 shares during the last quarter. Water Island Capital LLC lifted its stake in Dun & Bradstreet by 115.7% in the fourth quarter. Water Island Capital LLC now owns 493,893 shares of the business services provider’s stock valued at $70,498,000 after acquiring an additional 264,892 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Dun & Bradstreet in the third quarter valued at $34,231,000. Finally, Sandell Asset Management Corp. acquired a new stake in Dun & Bradstreet in the third quarter valued at $33,860,000. Hedge funds and other institutional investors own 84.44% of the company’s stock.
Several equities analysts have recently weighed in on DNB shares. Zacks Investment Research lowered shares of Dun & Bradstreet from a “hold” rating to a “sell” rating in a research report on Monday, November 19th. TheStreet raised shares of Dun & Bradstreet from a “c” rating to a “b-” rating in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Dun & Bradstreet presently has a consensus rating of “Hold” and a consensus price target of $136.67.
Dun & Bradstreet Profile
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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