Dun & Bradstreet Corp (DNB) Shares Bought by First Trust Advisors LP
First Trust Advisors LP lifted its holdings in Dun & Bradstreet Corp (NYSE:DNB) by 6.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,387 shares of the business services provider’s stock after buying an additional 1,502 shares during the period. First Trust Advisors LP’s holdings in Dun & Bradstreet were worth $3,236,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Dun & Bradstreet in the 2nd quarter worth approximately $494,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Dun & Bradstreet by 9.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 210,265 shares of the business services provider’s stock worth $25,789,000 after buying an additional 17,800 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Dun & Bradstreet by 211.8% in the 2nd quarter. TD Asset Management Inc. now owns 6,360 shares of the business services provider’s stock worth $780,000 after buying an additional 4,320 shares during the last quarter. BP PLC purchased a new position in shares of Dun & Bradstreet in the 2nd quarter worth approximately $2,083,000. Finally, Eqis Capital Management Inc. boosted its stake in shares of Dun & Bradstreet by 11.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,696 shares of the business services provider’s stock worth $699,000 after buying an additional 586 shares during the last quarter. 88.68% of the stock is owned by hedge funds and other institutional investors.
NYSE:DNB opened at $142.93 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of -1.73. The company has a market capitalization of $5.31 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.81 and a beta of 1.25. Dun & Bradstreet Corp has a 12 month low of $105.42 and a 12 month high of $144.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Wednesday, August 22nd will be issued a $0.5225 dividend. The ex-dividend date is Tuesday, August 21st. This represents a $2.09 dividend on an annualized basis and a dividend yield of 1.46%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently 28.40%.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Monday. Barclays restated an “equal weight” rating and issued a $145.00 target price (up previously from $140.00) on shares of Dun & Bradstreet in a research note on Friday, August 10th. ValuEngine raised shares of Dun & Bradstreet from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Robert W. Baird lifted their price target on shares of Dun & Bradstreet from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. Finally, 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 report on Monday, June 25th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $132.00.
Dun & Bradstreet Company 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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