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

US Bancorp DE reduced its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 78.9% during the third quarter, HoldingsChannel reports. The firm owned 2,116 shares of the company’s stock after selling 7,909 shares during the period. 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).

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in Donnelley Financial Solutions by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 15,242 shares of the company’s stock worth $1,003,000 after purchasing an additional 611 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Donnelley Financial Solutions by 3.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $849,000 after buying an additional 400 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Donnelley Financial Solutions by 48.2% in the third quarter. Assenagon Asset Management S.A. now owns 42,287 shares of the company’s stock worth $2,784,000 after acquiring an additional 13,757 shares during the period. Allspring Global Investments Holdings LLC increased its position in Donnelley Financial Solutions by 16.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 159,590 shares of the company’s stock valued at $10,506,000 after acquiring an additional 22,390 shares during the last quarter. Finally, Ellsworth Advisors LLC lifted its holdings in Donnelley Financial Solutions by 4.4% in the third quarter. Ellsworth Advisors LLC now owns 9,824 shares of the company’s stock valued at $647,000 after acquiring an additional 415 shares during the period. 93.84% of the stock is owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Stock Down 0.8 %

DFIN stock opened at $60.42 on Friday. The business’s 50-day moving average price is $64.65 and its 200-day moving average price is $63.24. The stock has a market cap of $1.74 billion, a P/E ratio of 18.88 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions, Inc. has a twelve month low of $55.70 and a twelve month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). The firm had revenue of $179.50 million for the quarter, compared to analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. Donnelley Financial Solutions’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. On average, equities research analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson upped their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. Finally, B. Riley decreased their price target on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Insider Activity at Donnelley Financial Solutions

In other news, CEO Daniel Leib sold 2,881 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total value of $201,756.43. Following the transaction, the chief executive officer now owns 517,810 shares of the company’s stock, valued at approximately $36,262,234.30. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the transaction, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 425,331 shares of company stock worth $26,738,613. 11.90% of the stock is owned by corporate insiders.

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).