Geode Capital Management LLC lifted its stake in shares of Donnelley Financial Solutions Inc (NYSE:DFIN) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 390,542 shares of the company’s stock after buying an additional 39,212 shares during the quarter. Geode Capital Management LLC owned about 1.15% of Donnelley Financial Solutions worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in DFIN. JPMorgan Chase & Co. increased its position in shares of Donnelley Financial Solutions by 263.3% during the third quarter. JPMorgan Chase & Co. now owns 538,384 shares of the company’s stock valued at $9,648,000 after buying an additional 390,211 shares during the period. Private Management Group Inc. purchased a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at about $4,867,000. AltraVue Capital LLC purchased a new position in shares of Donnelley Financial Solutions during the fourth quarter valued at about $2,865,000. BlackRock Inc. increased its position in shares of Donnelley Financial Solutions by 2.8% during the fourth quarter. BlackRock Inc. now owns 5,033,478 shares of the company’s stock valued at $70,621,000 after buying an additional 139,059 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Donnelley Financial Solutions by 5.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,342,096 shares of the company’s stock valued at $24,051,000 after buying an additional 73,306 shares during the period. Institutional investors own 94.67% of the company’s stock.
Several equities analysts recently issued reports on the stock. Bank of America cut shares of Donnelley Financial Solutions from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $19.00 to $16.00 in a research report on Thursday, January 17th. Zacks Investment Research cut shares of Donnelley Financial Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Donnelley Financial Solutions currently has a consensus rating of “Hold” and a consensus price target of $19.25.
Shares of DFIN opened at $15.56 on Friday. The stock has a market capitalization of $530.86 million, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 2.37 and a beta of 1.66. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.19 and a current ratio of 1.25. Donnelley Financial Solutions Inc has a fifty-two week low of $13.15 and a fifty-two week high of $21.44.
Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Wednesday, February 27th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). The business had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $212.17 million. Donnelley Financial Solutions had a return on equity of 36.79% and a net margin of 7.64%. As a group, equities analysts predict that Donnelley Financial Solutions Inc will post 0.92 earnings per share for the current year.
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Donnelley Financial Solutions Profile
Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.
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