Neuberger Berman Group LLC Raises Stake in Dun & Bradstreet Corp (DNB)
Neuberger Berman Group LLC increased its position in Dun & Bradstreet Corp (NYSE:DNB) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,670 shares of the business services provider’s stock after buying an additional 2,441 shares during the period. Neuberger Berman Group LLC owned 0.06% of Dun & Bradstreet worth $2,523,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Utah Retirement Systems grew its stake in shares of Dun & Bradstreet by 1.5% in the 2nd quarter. Utah Retirement Systems now owns 6,805 shares of the business services provider’s stock valued at $736,000 after buying an additional 100 shares during the period. OxFORD Asset Management LLP grew its stake in shares of Dun & Bradstreet by 1.6% in the 2nd quarter. OxFORD Asset Management LLP now owns 13,291 shares of the business services provider’s stock valued at $1,437,000 after buying an additional 207 shares during the period. M&T Bank Corp grew its stake in shares of Dun & Bradstreet by 8.9% in the 2nd quarter. M&T Bank Corp now owns 5,584 shares of the business services provider’s stock valued at $604,000 after buying an additional 457 shares during the period. Pacer Advisors Inc. grew its stake in shares of Dun & Bradstreet by 8.4% in the 3rd quarter. Pacer Advisors Inc. now owns 6,185 shares of the business services provider’s stock valued at $720,000 after buying an additional 481 shares during the period. Finally, Virginia Retirement Systems ET AL grew its stake in shares of Dun & Bradstreet by 13.5% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 4,200 shares of the business services provider’s stock valued at $489,000 after buying an additional 500 shares during the period. Institutional investors own 90.82% of the company’s stock.
Several analysts have recently commented on the company. Barclays upgraded Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $105.00 to $125.00 in a research note on Monday, November 13th. Goldman Sachs Group assumed coverage on Dun & Bradstreet in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $125.00 target price for the company. Robert W. Baird reduced their target price 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. Finally, Zacks Investment Research downgraded Dun & Bradstreet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Dun & Bradstreet has a consensus rating of “Hold” and a consensus price target of $125.75.
Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.21. The business had revenue of $428.30 million during the quarter, compared to the consensus estimate of $428.81 million. Dun & Bradstreet had a negative return on equity of 28.31% and a net margin of 11.12%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 EPS. equities research analysts expect that Dun & Bradstreet Corp will post 7.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.5025 per share. The ex-dividend date was Tuesday, November 21st. This represents a $2.01 dividend on an annualized basis and a yield of 1.70%. Dun & Bradstreet’s dividend payout ratio (DPR) is currently 38.73%.
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Dun & Bradstreet Company Profile
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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