US Bancorp DE Sells 7,909 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

US Bancorp DE decreased its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 78.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,116 shares of the company’s stock after selling 7,909 shares during the quarter. US Bancorp DE’s holdings in Donnelley Financial Solutions were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC increased its holdings in shares of Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 198 shares during the period. Quarry LP lifted its position in Donnelley Financial Solutions by 492.9% in the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after purchasing an additional 621 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Donnelley Financial Solutions during the second quarter valued at approximately $48,000. Quest Partners LLC bought a new position in shares of Donnelley Financial Solutions in the second quarter worth approximately $197,000. Finally, Caprock Group LLC purchased a new position in shares of Donnelley Financial Solutions in the second quarter worth $201,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Analysts Set New Price Targets

DFIN has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. DA Davidson raised their target price on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, B. Riley lowered their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Insiders Place Their Bets

In other news, CEO Daniel Leib sold 2,881 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the transaction, the chief executive officer now directly owns 517,810 shares in the company, valued at $36,262,234.30. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 1,203,451 shares in the company, valued at approximately $83,579,671.95. The trade was a 5.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 425,331 shares of company stock worth $26,738,613. 11.90% of the stock is owned by corporate insiders.

Donnelley Financial Solutions Stock Down 0.8 %

Shares of Donnelley Financial Solutions stock opened at $60.42 on Friday. The company’s fifty day simple moving average is $64.65 and its two-hundred day simple moving average is $63.24. Donnelley Financial Solutions, Inc. has a 12-month low of $55.70 and a 12-month high of $71.01. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.74 billion, a P/E ratio of 18.88 and a beta of 1.38.

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 company had revenue of $179.50 million during the quarter, compared to the consensus estimate of $181.55 million. During the same period in the previous year, the company earned $0.58 earnings per share. Donnelley Financial Solutions’s quarterly revenue was down .3% on a year-over-year basis. Research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS 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).