Amundi Raises Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Amundi grew its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 175.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,955 shares of the company’s stock after acquiring an additional 8,253 shares during the period. Amundi’s holdings in Donnelley Financial Solutions were worth $770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in shares of Donnelley Financial Solutions by 556.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 37,661 shares of the company’s stock worth $2,362,000 after purchasing an additional 31,926 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Donnelley Financial Solutions during the 4th quarter valued at about $10,373,000. Assetmark Inc. lifted its position in Donnelley Financial Solutions by 16.3% during the 4th quarter. Assetmark Inc. now owns 52,200 shares of the company’s stock worth $3,275,000 after acquiring an additional 7,327 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Donnelley Financial Solutions by 15.5% in the 4th quarter. Victory Capital Management Inc. now owns 34,782 shares of the company’s stock worth $2,182,000 after acquiring an additional 4,676 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Donnelley Financial Solutions by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company’s stock valued at $23,436,000 after acquiring an additional 22,195 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $45.15 on Thursday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 14.76 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. The business’s 50 day moving average is $57.41 and its two-hundred day moving average is $61.18. Donnelley Financial Solutions, Inc. has a 52-week low of $41.76 and a 52-week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company 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%.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of the stock in a transaction 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 represents 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 available at the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the director now directly owns 43,128 shares in the company, 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. Corporate insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

DFIN has been the topic of a number of recent research reports. Needham & Company LLC reduced their target price on shares of 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 cut their price objective on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock 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).