OxFORD Asset Management LLP Has $785,000 Stake in Dun & Bradstreet Corp (DNB)
OxFORD Asset Management LLP trimmed its stake in Dun & Bradstreet Corp (NYSE:DNB) by 49.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,745 shares of the business services provider’s stock after selling 6,546 shares during the period. OxFORD Asset Management LLP’s holdings in Dun & Bradstreet were worth $785,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of DNB. Canada Pension Plan Investment Board increased its stake in shares of Dun & Bradstreet by 56.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 23,700 shares of the business services provider’s stock worth $2,563,000 after purchasing an additional 8,591 shares in the last quarter. Comerica Bank increased its stake in shares of Dun & Bradstreet by 118.5% in the 2nd quarter. Comerica Bank now owns 36,332 shares of the business services provider’s stock worth $4,055,000 after purchasing an additional 19,707 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Dun & Bradstreet in the 2nd quarter worth $5,629,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Dun & Bradstreet in the 2nd quarter worth $216,000. Finally, Federated Investors Inc. PA increased its stake in shares of Dun & Bradstreet by 81.6% in the 2nd quarter. Federated Investors Inc. PA now owns 44,578 shares of the business services provider’s stock worth $4,821,000 after purchasing an additional 20,036 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.
DNB has been the subject of a number of analyst reports. Zacks Investment Research upgraded Dun & Bradstreet from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Thursday, September 21st. Barclays upgraded Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $105.00 to $125.00 in a research note on Monday, November 13th. Goldman Sachs Group initiated coverage on Dun & Bradstreet in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 price target for the company. Finally, Robert W. Baird cut their price target on Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Dun & Bradstreet presently has a consensus rating of “Hold” and a consensus price target of $125.75.
Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.21. Dun & Bradstreet had a negative return on equity of 28.31% and a net margin of 11.12%. The business had revenue of $428.30 million during the quarter, compared to analyst estimates of $428.81 million. During the same quarter in the prior year, the business posted $1.79 EPS. Dun & Bradstreet’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities analysts expect that Dun & Bradstreet Corp will post 7.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a $0.5025 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $2.01 dividend on an annualized basis and a yield of 1.68%. Dun & Bradstreet’s payout ratio is presently 38.73%.
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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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