Bank of Nova Scotia Purchases New Shares in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Bank of Nova Scotia acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,823 shares of the business services provider’s stock, valued at approximately $359,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DNB. Amundi increased its position in shares of Dun & Bradstreet by 27.9% during the fourth quarter. Amundi now owns 5,158 shares of the business services provider’s stock valued at $64,000 after buying an additional 1,126 shares during the period. Xponance Inc. grew its holdings in shares of Dun & Bradstreet by 16.5% during the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider’s stock worth $165,000 after acquiring an additional 1,881 shares during the period. Cerity Partners LLC raised its position in shares of Dun & Bradstreet by 10.1% in the 4th quarter. Cerity Partners LLC now owns 20,771 shares of the business services provider’s stock worth $259,000 after acquiring an additional 1,909 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Dun & Bradstreet by 8.7% in the 4th quarter. Truist Financial Corp now owns 24,420 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 1,958 shares during the period. Finally, KBC Group NV boosted its position in shares of Dun & Bradstreet by 30.2% during the fourth quarter. KBC Group NV now owns 12,861 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 2,983 shares in the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dun & Bradstreet

In other news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction on 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 transaction, the chairman now directly owns 8,109,644 shares in the company, valued at $72,905,699.56. This trade represents a 23.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 10.44% of the company’s stock.

Dun & Bradstreet Price Performance

Shares of DNB opened at $8.77 on Tuesday. The company has a market capitalization of $3.92 billion, a P/E ratio of -146.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a twelve month low of $7.78 and a twelve month high of $12.95. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $9.17 and a 200 day moving average of $10.95.

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

Dun & Bradstreet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, March 6th. Dun & Bradstreet’s payout ratio is presently -333.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Needham & Company LLC restated a “hold” rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a report on Monday, March 24th. StockNews.com began coverage on shares of Dun & Bradstreet in a report on Friday. They set a “hold” rating for the company. Finally, The Goldman Sachs Group reduced their price objective on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock 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.