Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,412 shares of the company’s stock after acquiring an additional 19,740 shares during the period. Charles Schwab Investment Management Inc. owned about 1.22% of Donnelley Financial Solutions worth $23,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Mawer Investment Management Ltd. lifted its stake in Donnelley Financial Solutions by 3.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after acquiring an additional 68,908 shares during the last quarter. American Century Companies Inc. lifted its position 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 purchasing an additional 152,867 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after purchasing an additional 24,869 shares during the last quarter. Millennium Management LLC grew its stake in shares of 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 purchasing an additional 131,994 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its holdings in Donnelley Financial Solutions by 0.5% in the third quarter. O Keefe Stevens Advisory Inc. now owns 220,318 shares of the company’s stock valued at $14,504,000 after buying an additional 1,002 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. B. Riley dropped their price target on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Insider Activity at Donnelley Financial Solutions

In other news, Director Jeffrey Jacobowitz sold 73,354 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $69.45, for a total transaction of $5,094,435.30. Following the completion of the sale, the director now owns 1,203,451 shares in the company, valued at $83,579,671.95. This represents a 5.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Leib sold 400 shares of Donnelley Financial Solutions stock in a transaction on Monday, September 16th. The shares were sold at an average price of $70.01, for a total transaction of $28,004.00. Following the completion of the transaction, the chief executive officer now owns 524,791 shares in the company, valued at approximately $36,740,617.91. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 425,331 shares of company stock worth $26,738,613 in the last 90 days. 11.90% of the stock is owned by insiders.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $59.76 on Friday. The stock’s 50-day moving average is $62.69 and its two-hundred day moving average is $63.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. Donnelley Financial Solutions, Inc. has a 1 year low of $56.02 and a 1 year high of $71.01. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 18.68 and a beta of 1.39.

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

Donnelley Financial Solutions Company Profile

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).