17,500 Shares in Dun & Bradstreet Corp (DNB) Acquired by CQS Cayman LP
CQS Cayman LP purchased a new stake in shares of Dun & Bradstreet Corp (NYSE:DNB) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,500 shares of the business services provider’s stock, valued at approximately $2,494,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Dun & Bradstreet in the 3rd quarter worth approximately $146,000. People s United Financial Inc. bought a new position in shares of Dun & Bradstreet during the 2nd quarter valued at approximately $15,105,000. Global X Management Co LLC bought a new position in shares of Dun & Bradstreet during the 2nd quarter valued at approximately $185,000. Creative Planning purchased a new stake in Dun & Bradstreet during the 3rd quarter valued at $222,000. Finally, Cutler Group LP purchased a new stake in Dun & Bradstreet during the 2nd quarter valued at $196,000. 87.65% of the stock is owned by institutional investors.
Shares of NYSE:DNB opened at $142.29 on Monday. The company has a market capitalization of $5.28 billion, a PE ratio of 19.33, a PEG ratio of 2.81 and a beta of 1.12. Dun & Bradstreet Corp has a 1 year low of $105.42 and a 1 year high of $145.00.
DNB has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on Dun & Bradstreet from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. ValuEngine raised Dun & Bradstreet from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Barclays reaffirmed an “equal weight” rating and set a $145.00 price objective (up previously from $140.00) on shares of Dun & Bradstreet in a research report on Friday, August 10th. Finally, Zacks Investment Research downgraded Dun & Bradstreet from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Dun & Bradstreet has a consensus rating of “Hold” and a consensus price target of $133.40.
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Dun & Bradstreet Company Profile
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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