Assenagon Asset Management S.A. Sells 12,846 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assenagon Asset Management S.A. lowered its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 30.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,441 shares of the company’s stock after selling 12,846 shares during the period. Assenagon Asset Management S.A. owned about 0.10% of Donnelley Financial Solutions worth $1,847,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in shares of Donnelley Financial Solutions by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock worth $1,381,000 after buying an additional 289 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Donnelley Financial Solutions by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 6,236 shares of the company’s stock valued at $411,000 after acquiring an additional 310 shares in the last quarter. Empowered Funds LLC grew its position in Donnelley Financial Solutions by 3.1% during the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after acquiring an additional 320 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Donnelley Financial Solutions by 3.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $849,000 after purchasing an additional 400 shares in the last quarter. Finally, Ellsworth Advisors LLC raised its position in Donnelley Financial Solutions by 4.4% in the third quarter. Ellsworth Advisors LLC now owns 9,824 shares of the company’s stock valued at $647,000 after purchasing an additional 415 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DFIN. B. Riley reduced their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday, January 15th.

Insider Activity

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the transaction, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the sale, the director now directly owns 774,165 shares of the company’s stock, valued at approximately $45,265,427.55. This trade represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Up 1.9 %

Shares of DFIN opened at $66.61 on Friday. The stock’s 50-day moving average price is $61.05 and its two-hundred day moving average price is $63.45. Donnelley Financial Solutions, Inc. has a 12 month low of $56.02 and a 12 month high of $71.01. The company has a market capitalization of $1.92 billion, a PE ratio of 20.82 and a beta of 1.38. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). The company had revenue of $179.50 million during the quarter, compared to analyst estimates of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. Donnelley Financial Solutions’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share.

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).