Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 9.3% in the third quarter, Holdings Channel.com reports. The fund owned 20,064 shares of the business services provider’s stock after selling 2,046 shares during the period. Principal Financial Group Inc.’s holdings in Dun & Bradstreet were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DNB. Crescent Grove Advisors LLC increased its stake in Dun & Bradstreet by 2.2% in the 3rd quarter. Crescent Grove Advisors LLC now owns 6,176,103 shares of the business services provider’s stock valued at $71,087,000 after purchasing an additional 130,888 shares in the last quarter. Innealta Capital LLC grew its holdings in Dun & Bradstreet by 56.7% in the third quarter. Innealta Capital LLC now owns 17,577 shares of the business services provider’s stock valued at $202,000 after purchasing an additional 6,363 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Dun & Bradstreet by 96.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,166,781 shares of the business services provider’s stock valued at $13,430,000 after buying an additional 572,079 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Dun & Bradstreet during the 3rd quarter worth $180,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Dun & Bradstreet by 7.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock worth $242,690,000 after buying an additional 1,451,705 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Price Performance

Shares of NYSE:DNB opened at $12.75 on Tuesday. The business has a fifty day simple moving average of $11.63 and a 200-day simple moving average of $10.90. Dun & Bradstreet Holdings, Inc. has a 52 week low of $8.77 and a 52 week high of $12.94. The company has a market cap of $5.63 billion, a P/E ratio of -159.31, a P/E/G ratio of 3.50 and a beta of 1.15. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.08.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The company had revenue of $609.10 million during the quarter, compared to the consensus estimate of $605.64 million. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.88 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.57%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays lifted their target price on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. The Goldman Sachs Group lifted their price objective on Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Royal Bank of Canada lowered their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.83.

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.