Raymond James Financial Inc. Sells 975,903 Shares of Dun & Bradstreet Holdings, Inc. $DNB

Key Points

• Raymond James Financial Inc. sold 975,903 shares of Dun & Bradstreet Holdings, reducing its stake by 45.3%, now holding approximately $10.5 million worth of shares.
• Dimensional Fund Advisors LP increased its position in Dun & Bradstreet by 11.4%, now owning 19.6 million shares valued at about $175.5 million.
• Insider trading activity includes Chairman William P. Foley II selling 2.5 million shares for $22.7 million, resulting in a 44.57% decrease in his ownership stake.

Raymond James Financial Inc. cut its position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 45.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,176,367 shares of the business services provider's stock after selling 975,903 shares during the period. Raymond James Financial Inc. owned about 0.26% of Dun & Bradstreet worth $10,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Dun & Bradstreet in the 1st quarter worth $68,000. Longfellow Investment Management Co. LLC bought a new position in shares of Dun & Bradstreet in the first quarter worth about $73,000. Oak Thistle LLC bought a new position in shares of Dun & Bradstreet in the first quarter worth about $93,000. Neo Ivy Capital Management purchased a new stake in shares of Dun & Bradstreet during the fourth quarter worth about $96,000. Finally, Vest Financial LLC bought a new stake in Dun & Bradstreet during the 1st quarter valued at approximately $106,000. 86.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DNB has been the subject of several recent analyst reports. Raymond James Financial downgraded Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Wall Street Zen began coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $11.63.

Insiders Place Their Bets

In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $9.09, for a total value of $22,725,000.00. Following the sale, the chairman owned 3,109,644 shares of the company's stock, valued at approximately $28,266,663.96. This represents a 44.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.44% of the stock is owned by company insiders.

Dun & Bradstreet Trading Up 0.5%

Shares of NYSE DNB traded up $0.05 during trading hours on Thursday, hitting $9.16. 17,828,715 shares of the company traded hands, compared to its average volume of 3,879,425. The company's 50 day moving average price is $9.11 and its 200 day moving average price is $8.99. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.94. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -101.72 and a beta of 1.12. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04.

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.