Principal Financial Group Inc. Trims Holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Principal Financial Group Inc. lessened its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 9.3% during the 3rd quarter, Holdings Channel reports. The firm 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.

Other hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in Dun & Bradstreet by 9.8% during the third quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock valued at $60,167,000 after purchasing an additional 468,027 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Dun & Bradstreet by 23.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,976,053 shares of the business services provider’s stock worth $45,764,000 after purchasing an additional 760,956 shares during the last quarter. Barclays PLC raised its stake in shares of Dun & Bradstreet by 144.9% during the third quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock valued at $13,728,000 after acquiring an additional 705,707 shares in the last quarter. MML Investors Services LLC grew its position in shares of Dun & Bradstreet by 62.2% during the 3rd quarter. MML Investors Services LLC now owns 27,795 shares of the business services provider’s stock worth $320,000 after buying an additional 10,658 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Dun & Bradstreet by 7.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,085,138 shares of the business services provider’s stock valued at $242,690,000 after purchasing an additional 1,451,705 shares during the period. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Analysts Set New Price Targets

DNB has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research note on Friday, November 1st. Barclays increased their price target on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Finally, StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.13.

Dun & Bradstreet Stock Performance

Shares of Dun & Bradstreet stock opened at $12.26 on Tuesday. Dun & Bradstreet Holdings, Inc. has a 12 month low of $8.77 and a 12 month high of $12.94. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of -153.25, a PEG ratio of 3.44 and a beta of 1.15. The firm’s fifty day simple moving average is $12.28 and its 200-day simple moving average is $11.45. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.70 and a quick ratio of 0.70.

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

Dun & Bradstreet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Thursday, December 5th. Dun & Bradstreet’s dividend payout ratio is presently -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.