Bank of America Corp DE Reduces Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Bank of America Corp DE lowered its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,839,188 shares of the business services provider's stock after selling 353,313 shares during the period. Bank of America Corp DE owned 1.55% of Dun & Bradstreet worth $85,216,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi lifted its position in shares of Dun & Bradstreet by 27.9% in the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock worth $64,000 after purchasing an additional 1,126 shares during the period. Empowered Funds LLC bought a new stake in shares of Dun & Bradstreet in the 4th quarter valued at $127,000. New World Advisors LLC bought a new stake in shares of Dun & Bradstreet in the 4th quarter valued at $143,000. KBC Group NV increased its stake in shares of Dun & Bradstreet by 30.2% in the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider's stock valued at $160,000 after acquiring an additional 2,983 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of Dun & Bradstreet by 16.5% in the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider's stock valued at $165,000 after acquiring an additional 1,881 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company's stock.

Dun & Bradstreet Price Performance

Shares of NYSE DNB remained flat at $8.97 during trading on Thursday. 13,476,664 shares of the stock traded hands, compared to its average volume of 6,060,004. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-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 market capitalization of $4.00 billion, a P/E ratio of -149.48, a PEG ratio of 2.21 and a beta of 1.14. The company's 50 day moving average price is $8.75 and its two-hundred day moving average price is $10.60.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The firm had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. During the same quarter in the prior year, the business posted $0.20 EPS. The business's revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Dun & Bradstreet in a research note on Tuesday. They issued a "hold" rating for the company. Royal Bank of Canada restated a "sector perform" rating and set a $12.00 price target on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Jefferies Financial Group restated a "hold" rating and set a $9.15 price target (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.86.

Insider Buying and Selling

In related news, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $8.95, for a total value of $97,424,356.85. Following the transaction, the director now directly owns 23,810 shares of the company's stock, valued at approximately $213,099.50. The trade was a 99.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total transaction 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. This trade represents a 23.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,885,403 shares of company stock valued at $142,299,357. 10.44% of the stock is owned by insiders.

Dun & Bradstreet Profile

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.