Principal Financial Group Inc. Sells 14,335 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Principal Financial Group Inc. trimmed its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 126,262 shares of the company’s stock after selling 14,335 shares during the quarter. Principal Financial Group Inc. owned approximately 0.43% of Donnelley Financial Solutions worth $8,312,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DFIN. Mawer Investment Management Ltd. boosted its position in Donnelley Financial Solutions by 3.4% during the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after purchasing an additional 68,908 shares during the period. American Century Companies Inc. boosted its holdings in shares of Donnelley Financial Solutions by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after buying an additional 152,867 shares during the period. Rice Hall James & Associates LLC grew its stake in Donnelley Financial Solutions by 2.8% in the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after buying an additional 24,869 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Donnelley Financial Solutions by 1,178.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock valued at $20,381,000 after acquiring an additional 302,957 shares during the period. Finally, Millennium Management LLC lifted its position in Donnelley Financial Solutions by 108.9% during the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after acquiring an additional 131,994 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeffrey Jacobowitz sold 234,041 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the transaction, the director now owns 774,165 shares in the company, valued at approximately $45,265,427.55. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Leib sold 2,881 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the transaction, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at $36,262,234.30. This trade represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 425,331 shares of company stock valued at $26,738,613 over the last quarter. 11.90% of the stock is owned by company insiders.

Donnelley Financial Solutions Trading Up 0.3 %

Shares of DFIN stock opened at $60.07 on Wednesday. The stock has a market cap of $1.73 billion, a P/E ratio of 18.77 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a 1 year low of $56.02 and a 1 year high of $71.01. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $64.42 and a 200 day simple moving average of $63.22.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The company had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, research analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DFIN shares. Needham & Company LLC reiterated a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. DA Davidson increased their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, B. Riley reduced their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).