Dun & Bradstreet Corp (DNB) Position Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Dun & Bradstreet Corp (NYSE:DNB) by 11.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,010 shares of the business services provider’s stock after acquiring an additional 18,801 shares during the quarter. New York State Common Retirement Fund owned about 0.48% of Dun & Bradstreet worth $20,606,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DNB. Great West Life Assurance Co. Can lifted its stake in Dun & Bradstreet by 20.8% in the second quarter. Great West Life Assurance Co. Can now owns 30,239 shares of the business services provider’s stock valued at $3,268,000 after buying an additional 5,205 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Dun & Bradstreet by 56.9% during the second quarter. Canada Pension Plan Investment Board now owns 23,700 shares of the business services provider’s stock valued at $2,563,000 after acquiring an additional 8,591 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Dun & Bradstreet by 70.6% during the second quarter. Arizona State Retirement System now owns 15,600 shares of the business services provider’s stock valued at $1,687,000 after acquiring an additional 6,457 shares in the last quarter. First Mercantile Trust Co. bought a new stake in shares of Dun & Bradstreet during the second quarter valued at approximately $230,000. Finally, Rhumbline Advisers increased its holdings in shares of Dun & Bradstreet by 3.5% during the second quarter. Rhumbline Advisers now owns 80,750 shares of the business services provider’s stock valued at $8,733,000 after acquiring an additional 2,757 shares in the last quarter. 90.86% of the stock is currently owned by institutional investors.

Shares of Dun & Bradstreet Corp (NYSE DNB) opened at $120.20 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of -1.93. Dun & Bradstreet Corp has a 1-year low of $100.46 and a 1-year high of $125.57. The stock has a market capitalization of $4,469.17, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.87 and a beta of 1.27.

Dun & Bradstreet (NYSE:DNB) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.21. Dun & Bradstreet had a negative return on equity of 28.31% and a net margin of 11.12%. The business had revenue of $428.30 million for the quarter, compared to analysts’ expectations of $428.81 million. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. analysts forecast that Dun & Bradstreet Corp will post 7.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were given a $0.5025 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.01 annualized dividend and a yield of 1.67%. Dun & Bradstreet’s dividend payout ratio is currently 38.73%.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Dun & Bradstreet from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Robert W. Baird decreased their price objective on Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Goldman Sachs Group assumed coverage on Dun & Bradstreet in a report on Wednesday, November 8th. They set a “neutral” rating and a $125.00 price objective for the company. Finally, Barclays upgraded Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $105.00 to $125.00 in a report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $125.75.

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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.

Institutional Ownership by Quarter for Dun & Bradstreet (NYSE:DNB)

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