Dun & Bradstreet Target of Unusually High Options Trading (DNB)
Dun & Bradstreet Corp (NYSE:DNB) was the target of some unusual options trading activity on Monday. Stock traders bought 1,312 call options on the stock. This represents an increase of 1,444% compared to the typical daily volume of 85 call options.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Dun & Bradstreet by 0.8% during the second quarter. BlackRock Inc. now owns 3,336,959 shares of the business services provider’s stock worth $409,279,000 after buying an additional 26,473 shares in the last quarter. Boston Partners grew its stake in Dun & Bradstreet by 8.9% during the second quarter. Boston Partners now owns 1,234,321 shares of the business services provider’s stock worth $151,389,000 after buying an additional 100,803 shares in the last quarter. Investec Asset Management LTD grew its stake in Dun & Bradstreet by 29.8% during the second quarter. Investec Asset Management LTD now owns 887,561 shares of the business services provider’s stock worth $108,859,000 after buying an additional 203,940 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Dun & Bradstreet by 65.5% during the second quarter. Bank of New York Mellon Corp now owns 826,792 shares of the business services provider’s stock worth $101,407,000 after buying an additional 327,334 shares in the last quarter. Finally, AGF Investments Inc. grew its stake in Dun & Bradstreet by 10.7% during the second quarter. AGF Investments Inc. now owns 655,218 shares of the business services provider’s stock worth $80,362,000 after buying an additional 63,321 shares in the last quarter. Hedge funds and other institutional investors own 88.68% of the company’s stock.
DNB stock opened at $144.79 on Tuesday. The company has a debt-to-equity ratio of -1.73, a quick ratio of 0.61 and a current ratio of 0.61. Dun & Bradstreet has a 52 week low of $105.42 and a 52 week high of $145.00. The stock has a market capitalization of $5.37 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Wednesday, August 22nd were paid a $0.5225 dividend. The ex-dividend date was Tuesday, August 21st. This represents a $2.09 annualized dividend and a dividend yield of 1.44%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently 28.40%.
DNB has been the topic of several research reports. Barclays restated an “equal weight” rating and issued a $145.00 price target (up from $140.00) on shares of Dun & Bradstreet in a research note on Friday, August 10th. Zacks Investment Research downgraded shares of Dun & Bradstreet from a “buy” rating to a “hold” rating in a research note on Thursday, July 12th. Robert W. Baird restated a “neutral” rating and issued a $127.00 price target on shares of Dun & Bradstreet in a research note on Monday, June 18th. Wells Fargo & Co upped their price target on shares of Dun & Bradstreet from $113.00 to $120.00 and gave the company a “market perform” rating in a research note on Monday, June 25th. Finally, ValuEngine upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $132.00.
About Dun & Bradstreet
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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