Donnelley Financial Solutions, Inc. (NYSE:DFIN) Stock Position Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,782 shares of the company’s stock after acquiring an additional 1,350 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.61% of Donnelley Financial Solutions worth $11,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares during the period. Principal Securities Inc. boosted its holdings in shares of Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock valued at $64,000 after buying an additional 953 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Donnelley Financial Solutions during the 3rd quarter valued at about $74,000. KBC Group NV raised its stake in Donnelley Financial Solutions by 52.7% during the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after acquiring an additional 535 shares during the period. Finally, Atria Investments Inc acquired a new stake in Donnelley Financial Solutions during the third quarter worth about $225,000. 93.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 25,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary G. Greenfield purchased 1,000 shares of the stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the acquisition, the director now directly owns 43,128 shares of the company’s stock, valued at approximately $2,108,527.92. This trade 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.

Analyst Ratings Changes

Several equities analysts have recently commented on DFIN shares. Needham & Company LLC lowered their target price on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. DA Davidson reduced their price objective on 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.

Donnelley Financial Solutions Trading Down 0.9 %

Shares of NYSE:DFIN opened at $43.34 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $58.67 and its 200 day moving average price is $61.84. The company has a market cap of $1.24 billion, a PE ratio of 14.16 and a beta of 1.44. Donnelley Financial Solutions, Inc. has a fifty-two week low of $42.31 and a fifty-two week high of $71.01.

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

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).