Principal Financial Group Inc. Has $8.10 Million Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Principal Financial Group Inc. grew its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 129,187 shares of the company’s stock after purchasing an additional 2,925 shares during the period. Principal Financial Group Inc. owned approximately 0.45% of Donnelley Financial Solutions worth $8,104,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DFIN. Louisiana State Employees Retirement System grew its holdings in shares of Donnelley Financial Solutions by 3.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock valued at $849,000 after purchasing an additional 400 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Donnelley Financial Solutions by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 15,242 shares of the company’s stock valued at $1,003,000 after buying an additional 611 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after buying an additional 422 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Donnelley Financial Solutions by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 56,507 shares of the company’s stock worth $3,720,000 after buying an additional 1,423 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Donnelley Financial Solutions by 8.3% during the third quarter. Assetmark Inc. now owns 44,873 shares of the company’s stock worth $2,954,000 after buying an additional 3,420 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Up 2.3 %

NYSE:DFIN opened at $49.59 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. Donnelley Financial Solutions, Inc. has a one year low of $47.94 and a one year high of $71.01. The company has a market cap of $1.42 billion, a PE ratio of 16.21 and a beta of 1.36. The firm has a 50-day moving average of $61.27 and a 200-day moving average of $62.91.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The company had revenue of $156.30 million for the quarter, compared to the consensus estimate of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Insider Buying and Selling

In related news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the transaction, the chief financial officer now owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the sale, the chief executive officer now owns 515,191 shares of the company’s stock, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DFIN shares. B. Riley lowered their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reduced their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, DA Davidson lowered their target price on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th.

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).