Charles Schwab Investment Management Inc. Raises Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Charles Schwab Investment Management Inc. increased its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 373,607 shares of the company’s stock after purchasing an additional 22,195 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.29% of Donnelley Financial Solutions worth $23,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. boosted its stake in shares of Donnelley Financial Solutions by 1,537.1% during the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after acquiring an additional 953 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Donnelley Financial Solutions by 584.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock worth $73,000 after purchasing an additional 987 shares during the period. Point72 DIFC Ltd bought a new position in Donnelley Financial Solutions in the 3rd quarter worth $74,000. KBC Group NV grew its holdings in Donnelley Financial Solutions by 52.7% during the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock valued at $97,000 after purchasing an additional 535 shares during the period. Finally, Atria Investments Inc purchased a new stake in Donnelley Financial Solutions in the third quarter worth about $225,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield acquired 1,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now directly owns 43,128 shares in the company, valued at $2,108,527.92. This represents a 2.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Daniel Leib sold 25,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were 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 directly owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Up 1.7 %

Donnelley Financial Solutions stock opened at $44.55 on Wednesday. The firm has a 50 day moving average of $57.41 and a 200 day moving average of $61.18. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.56 and a beta of 1.44. Donnelley Financial Solutions, Inc. has a 12-month low of $41.76 and a 12-month high of $71.01. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on DFIN. Needham & Company LLC lowered their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. DA Davidson reduced their target price on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

Donnelley Financial Solutions 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).