In recent news, First Hawaiian Bank has announced that it has significantly increased its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the second quarter. According to the company’s latest Form 13F filing with the Securities & Exchange Commission, the bank now owns 34,103 shares of Dun & Bradstreet’s stock, representing a 166.7% increase from the previous quarter.
This strategic move by First Hawaiian Bank demonstrates their confidence in the business services provider. With the additional purchase of 21,316 shares, their total holdings in Dun & Bradstreet are valued at $395,000 at the end of the most recent reporting period.
Dun & Bradstreet recently reported their earnings results for the second quarter on August 3rd. While they posted earnings per share (EPS) of $0.17 for the quarter, it fell short of the consensus estimate of $0.19 by ($0.02). In terms of revenue, Dun & Bradstreet generated $554.70 million compared to the consensus estimate of $549.65 million.
Despite missing EPS estimates by a small margin, Dun & Bradstreet demonstrated a positive return on equity of 10.62%. However, its net margin recorded a negative figure of 0.99%. As we approach the end of this fiscal year, equities analysts predict that Dun & Bradstreet will achieve an earnings per share figure of approximately $0.83.
Various research reports have been published regarding DNB and its performance in recent times. StockNews.com initiated coverage on Dun & Bradstreet on August 17th and assigned it a “hold” rating. Needham & Company LLC also reiterated a “buy” rating for DNB shares and set a price target of $18.00 on August 16th. Furthermore, TheStreet upgraded their rating for Dun & Bradstreet from “d+” to “c-” in a research note on July 28th. Overall, the stock has received four hold ratings and seven buy ratings from analysts.
Based on data from Bloomberg.com, Dun & Bradstreet currently has an average rating of “Moderate Buy” and a consensus price target of $15.75. This suggests that industry experts remain hopeful about the company’s prospects moving forward.
With First Hawaiian Bank significantly increasing their holdings in Dun & Bradstreet, it is clear that they see potential in the business services provider. As for Dun & Bradstreet, despite falling slightly short of EPS estimates, they have displayed a positive return on equity and analysts maintain a largely optimistic outlook for the future. Investors will be closely monitoring these developments as they assess their investment strategies in the coming months and beyond.
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Institutional Investors Increase Positions in Dun & Bradstreet, Market Analysis and Insider Transactions Revealed
On September 18, 2023, various institutional investors were seen buying and selling shares of Dun & Bradstreet, a leading business services provider. American International Group Inc. increased its position in the company by 57.1% during the second quarter, now owning 2,631 shares worth $40,000. Advisor Group Holdings Inc. also expanded its position by 287.3% in the first quarter, now holding 2,750 shares valued at $48,000. MetLife Investment Management LLC entered the scene with a new position of shares worth approximately $56,000. PNC Financial Services Group Inc., on the other hand, grew its ownership by an astonishing 5,483.1% during the first quarter and now holds 3,964 shares valued at $70,000. Furthermore, Canada Pension Plan Investment Board acquired a new position of Dun & Bradstreet shares valued at around $82,000.
It is noteworthy to mention that institutional investors and hedge funds currently own a staggering 86.68% of the company’s stock.
Expanding our focus beyond share transactions and ownership percentages to delve into market data reveals that Dun & Bradstreet Holdings Inc., listed on NYSE as DNB opened trading at $10.30 on Monday (September 18). Further insights into its recent performance show that the company has a fifty-day moving average price of $11.18 and a two-hundred day moving average price of $11.10.
Regarding its financial standings and liquidity ratios as of today’s date (September 18), Dun & Bradstreet has a debt-to-equity ratio of 1.05 along with both current ratio and quick ratio sitting at 0.71 respectively.
In terms of its previous year’s performance in the stock market itself – noting any heights or lows it reached throughout – statistics reveal that Dun & Bradstreet Holdings witnessed a fifty-two week low of $9.50 and a fifty-two week high of $15.45.
With a market capitalization of $4.52 billion, Dun & Bradstreet has a price-to-earnings (PE) ratio of -206.00 and a PEG ratio of 1.93. The company’s beta stands at 1.05.
In regards to research reports and analysis on Dun & Bradstreet, StockNews.com initiated their coverage on the company in a research report released on August 17, assigning it a “hold” rating for investors to consider. Furthermore, Needham & Company LLC reinforced its “buy” rating with a target price of $18.00 per share in a research note issued on August 16th. Lastly, TheStreet upgraded Dun & Bradstreet from a “d+” rating to a “c-” rating in another research note dated July 28th.
Out of the total eleven research analysts that have thoroughly evaluated the stock thus far, four have rated it as ‘hold’ while seven others issued ‘buy’ ratings to potential shareholders. Taking all evaluations into account, Dun & Bradstreet currently holds an average rating of “Moderate Buy”. As per Bloomberg.com’s data analysis, financial professionals on various platforms have collectively arrived with this consensus assessment.
The business also made recent public disclosure regarding the declaration of quarterly dividends that will be paid out by September 21st (Thursday). Shareholders who were registered as record holders as of September 7th (Thursday) will receive dividend disbursements amounting to $0.05 per share owned by them. The ex-dividend date was set for September 6th (Wednesday).
To calculate the annualized dividend yield and payout ratio for Dun & Bradstreet we take into consideration that the annualized dividend is calculated at $0.20 per share held by shareholders and represents approximately 1.94% in dividend yield relative to the stock’s market value. However, it is important to note that the dividend payout ratio (DPR) is currently -400.00% due to existing financial dynamics.
On other matters affecting the business, it was reported that Director Thomas H. Lee Advisors, Llc sold a significant 13,657,926 shares of Dun & Bradstreet in a transaction valued at $151,876,137.12. The sales of shares took place on August 7th and were executed at an average price of $11.12 per share sold. Following these sales, Director Thomas H. Lee now holds 35,921,845 shares directly in Dun & Bradstreet stock with an estimated valuation of $399,450,916.40.
Additionally, another transaction involving insider trading took place on August 29th when Anthony Pietrontone Jr., an insider and shareholder sold 28,532 shares at an average price of $10.93 per share which totaling approximately $311,854.76 USD in value. Consequently- after the completion of this sale- Pietrontone Jr.’s holdings amounted to an approximate 74,049 shares valued at $809,355.57.
It is essential to mention that company insiders ultimately hold around 10% ownership over Dun
