Thrivent Financial for Lutherans Sells 454 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Thrivent Financial for Lutherans trimmed its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,521 shares of the company’s stock after selling 454 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Donnelley Financial Solutions worth $1,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DFIN. Choreo LLC bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $265,000. World Investment Advisors LLC purchased a new position in Donnelley Financial Solutions during the third quarter valued at $719,000. Harbor Capital Advisors Inc. bought a new stake in Donnelley Financial Solutions in the fourth quarter worth $2,264,000. Jane Street Group LLC grew its stake in shares of Donnelley Financial Solutions by 608.0% in the third quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after acquiring an additional 57,477 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after acquiring an additional 46,273 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the transaction, the director now directly owns 43,128 shares in the company, valued at approximately $2,108,527.92. This represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DFIN shares. DA Davidson reduced their price target on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a report on Friday.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $43.67 on Tuesday. The business’s 50-day simple moving average is $54.58 and its two-hundred day simple moving average is $59.84. Donnelley Financial Solutions, Inc. has a 52 week low of $41.76 and a 52 week high of $71.01. The stock has a market cap of $1.25 billion, a PE ratio of 14.27 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.

Donnelley Financial Solutions (NYSE:DFIN) last issued its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share 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%.

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).