Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman Sells $22,475,000.00 in Stock

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value of $22,475,000.00. Following the completion of the transaction, the chairman now directly owns 8,109,644 shares in the company, valued at $72,905,699.56. The trade was a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dun & Bradstreet Stock Down 0.2 %

Shares of DNB opened at $8.93 on Friday. The business’s 50 day moving average is $9.99 and its 200 day moving average is $11.20. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.95. The company has a market capitalization of $3.94 billion, a PE ratio of -148.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The company had revenue of $631.90 million for the quarter, compared to the consensus estimate of $658.04 million. Research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its holdings in Dun & Bradstreet by 7,875.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider’s stock valued at $402,000 after buying an additional 31,894 shares in the last quarter. State Street Corp grew its holdings in shares of Dun & Bradstreet by 9.8% in 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 in the last quarter. Proficio Capital Partners LLC bought a new stake in Dun & Bradstreet in the fourth quarter worth $323,000. Charles Schwab Investment Management Inc. raised its stake in Dun & Bradstreet by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider’s stock valued at $50,785,000 after purchasing an additional 99,795 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Dun & Bradstreet by 9.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock valued at $20,655,000 after purchasing an additional 141,054 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Wall Street Analysts Forecast Growth

DNB has been the topic of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Huber Research raised Dun & Bradstreet to a “strong sell” rating in a report on Monday, March 24th. Needham & Company LLC reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday, March 24th. Jefferies Financial Group reiterated a “hold” rating and set a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $12.00 target price on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.86.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.