Great West Life Assurance Co. Can Sells 569 Shares of Dun & Bradstreet Corp (DNB)
Great West Life Assurance Co. Can cut its holdings in Dun & Bradstreet Corp (NYSE:DNB) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,670 shares of the business services provider’s stock after selling 569 shares during the quarter. Great West Life Assurance Co. Can owned about 0.08% of Dun & Bradstreet worth $3,448,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DNB. Glenview Capital Management LLC bought a new position in Dun & Bradstreet in the second quarter valued at approximately $108,776,000. Shapiro Capital Management LLC bought a new position in Dun & Bradstreet in the second quarter valued at approximately $98,786,000. Cramer Rosenthal Mcglynn LLC boosted its stake in Dun & Bradstreet by 52.5% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,735,371 shares of the business services provider’s stock valued at $187,680,000 after acquiring an additional 597,297 shares during the last quarter. BlackRock Inc. boosted its stake in Dun & Bradstreet by 20.2% in the second quarter. BlackRock Inc. now owns 3,050,058 shares of the business services provider’s stock valued at $329,861,000 after acquiring an additional 511,579 shares during the last quarter. Finally, Eaton Vance Management bought a new position in Dun & Bradstreet in the second quarter valued at approximately $30,494,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dun & Bradstreet Corp (NYSE:DNB) opened at $121.33 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of -1.93. The firm has a market cap of $4,484.33, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Dun & Bradstreet Corp has a twelve month low of $100.46 and a twelve month high of $125.57.
Dun & Bradstreet (NYSE:DNB) last posted its earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.21. The company had revenue of $428.30 million for the quarter, compared to analyst estimates of $428.81 million. Dun & Bradstreet had a net margin of 11.12% and a negative return on equity of 28.31%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.79 earnings per share. sell-side analysts anticipate that Dun & Bradstreet Corp will post 7.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were issued a $0.5025 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.01 annualized dividend and a yield of 1.66%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently 38.73%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Dun & Bradstreet from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Robert W. Baird reduced their price objective on shares of Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Goldman Sachs Group began coverage on shares of Dun & Bradstreet in a report on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 target price on the stock. Finally, Barclays upgraded shares of Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $105.00 to $125.00 in a report on Monday, November 13th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $125.75.
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About Dun & Bradstreet
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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