Hsbc Holdings PLC Sells 57,669 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Hsbc Holdings PLC lessened its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 29.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 140,149 shares of the business services provider’s stock after selling 57,669 shares during the period. Hsbc Holdings PLC’s holdings in Dun & Bradstreet were worth $1,291,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Dun & Bradstreet by 14.1% during the second quarter. Dimensional Fund Advisors LP now owns 14,665,247 shares of the business services provider’s stock worth $135,796,000 after purchasing an additional 1,809,638 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Dun & Bradstreet by 13.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 53,353,508 shares of the business services provider’s stock worth $494,053,000 after purchasing an additional 6,375,371 shares during the last quarter. Kestrel Investment Management Corp bought a new stake in shares of Dun & Bradstreet during the second quarter worth $4,491,000. Envestnet Asset Management Inc. grew its holdings in shares of Dun & Bradstreet by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 430,137 shares of the business services provider’s stock worth $3,983,000 after purchasing an additional 15,970 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Dun & Bradstreet during the second quarter worth $120,000. Institutional investors own 86.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. The Goldman Sachs Group raised their price target on Dun & Bradstreet from $10.40 to $11.80 and gave the company a “neutral” rating in a report on Monday, August 5th. Barclays raised their price target on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Saturday, September 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.85.

Dun & Bradstreet Trading Up 0.6 %

NYSE:DNB opened at $11.42 on Friday. Dun & Bradstreet Holdings, Inc. has a 1-year low of $8.68 and a 1-year high of $12.75. The business’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $10.31. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -142.69, a PEG ratio of 2.67 and a beta of 1.16.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, August 1st. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Dun & Bradstreet had a positive return on equity of 11.35% and a negative net margin of 1.42%. The firm had revenue of $576.20 million for the quarter, compared to analyst estimates of $580.77 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.89 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 5th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.