Fort L.P. increased its position in shares of Dun & Bradstreet Corp (NYSE:DNB) by 117.0% during the 4th quarter, Holdings Channel reports. The firm owned 54,474 shares of the business services provider’s stock after purchasing an additional 29,365 shares during the period. Dun & Bradstreet accounts for 1.5% of Fort L.P.’s investment portfolio, making the stock its 23rd biggest position. Fort L.P.’s holdings in Dun & Bradstreet were worth $6,450,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cerebellum GP LLC bought a new stake in Dun & Bradstreet in the fourth quarter valued at $128,000. First Mercantile Trust Co. acquired a new position in shares of Dun & Bradstreet during the fourth quarter valued at $184,000. Eagle Ridge Investment Management acquired a new position in Dun & Bradstreet during the fourth quarter worth about $201,000. Moneta Group Investment Advisors LLC acquired a new position in Dun & Bradstreet during the third quarter worth about $204,000. Finally, Magnetar Financial LLC acquired a new position in shares of Dun & Bradstreet in the 3rd quarter valued at $206,000. Hedge funds and other institutional investors own 94.15% of the company’s stock.
Shares of Dun & Bradstreet Corp (NYSE DNB) opened at $125.13 on Tuesday. The stock has a market capitalization of $4,613.05, a P/E ratio of 33.02, a PEG ratio of 3.41 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of -2.03. Dun & Bradstreet Corp has a 1 year low of $101.17 and a 1 year high of $125.45.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.5225 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This is a boost from Dun & Bradstreet’s previous quarterly dividend of $0.50. This represents a $2.09 dividend on an annualized basis and a dividend yield of 1.67%. Dun & Bradstreet’s payout ratio is currently 55.15%.
A number of equities research analysts have commented on the company. Goldman Sachs Group assumed coverage on Dun & Bradstreet in a research report on Wednesday, November 8th. They set a “neutral” rating and a $125.00 price objective for the company. Barclays raised Dun & Bradstreet from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $132.00 to $140.00 in a research note on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on Dun & Bradstreet from $117.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. ValuEngine raised Dun & Bradstreet from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, Zacks Investment Research raised Dun & Bradstreet from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $129.80.
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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.
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