Bank of New York Mellon Corp boosted its position in shares of Dun & Bradstreet Corp. (NYSE:DNB) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,882,516 shares of the company’s stock after buying an additional 69,905 shares during the period. Bank of New York Mellon Corp owned approximately 7.94% of Dun & Bradstreet Corp. worth $393,810,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in Dun & Bradstreet Corp. by 2,669.8% in the second quarter. IFP Advisors Inc now owns 1,191 shares of the company’s stock valued at $145,000 after buying an additional 1,148 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Dun & Bradstreet Corp. during the second quarter valued at approximately $149,000. DekaBank Deutsche Girozentrale raised its stake in Dun & Bradstreet Corp. by 117.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,304 shares of the company’s stock valued at $156,000 after buying an additional 704 shares during the period. Deere & Co. bought a new stake in Dun & Bradstreet Corp. during the second quarter valued at approximately $204,000. Finally, BOKF NA bought a new stake in Dun & Bradstreet Corp. during the second quarter valued at approximately $205,000. 91.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dun & Bradstreet Corp. (NYSE:DNB) traded down 0.47% during mid-day trading on Friday, reaching $123.31. The company’s stock had a trading volume of 77,805 shares. The company’s 50 day moving average price is $123.03 and its 200-day moving average price is $128.32. Dun & Bradstreet Corp. has a 1-year low of $85.99 and a 1-year high of $141.57. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 47.14 and a beta of 1.45.
Dun & Bradstreet Corp. (NYSE:DNB) last announced its earnings results on Tuesday, November 1st. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.04. The firm had revenue of $412.80 million for the quarter, compared to analysts’ expectations of $423.62 million. Dun & Bradstreet Corp. had a negative return on equity of 24.33% and a net margin of 5.70%. Dun & Bradstreet Corp.’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. Analysts predict that Dun & Bradstreet Corp. will post $7.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 23rd will be issued a dividend of $0.4825 per share. This represents a $1.93 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, November 21st. Dun & Bradstreet Corp.’s dividend payout ratio (DPR) is presently 73.11%.
Several research firms recently commented on DNB. Zacks Investment Research lowered Dun & Bradstreet Corp. from a “hold” rating to a “sell” rating in a report on Thursday, November 3rd. William Blair reaffirmed a “market perform” rating on shares of Dun & Bradstreet Corp. in a report on Monday, October 17th. Finally, Barclays PLC raised their target price on Dun & Bradstreet Corp. from $100.00 to $125.00 and gave the stock an “underweight” rating in a report on Wednesday, August 3rd.
About Dun & Bradstreet Corp.