Donnelley Financial Solutions, Inc. (NYSE:DFIN) Holdings Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 30.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,441 shares of the company's stock after selling 12,846 shares during the period. Assenagon Asset Management S.A. owned about 0.10% of Donnelley Financial Solutions worth $1,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp boosted its stake in Donnelley Financial Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company's stock valued at $69,826,000 after acquiring an additional 4,279 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in Donnelley Financial Solutions by 2.8% in the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company's stock worth $59,218,000 after purchasing an additional 24,869 shares in the last quarter. Geode Capital Management LLC increased its holdings in Donnelley Financial Solutions by 3.6% in the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company's stock valued at $39,061,000 after buying an additional 20,652 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company's stock valued at $29,906,000 after buying an additional 46,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Donnelley Financial Solutions by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company's stock worth $23,133,000 after buying an additional 19,740 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a report on Wednesday, January 15th. B. Riley decreased their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.

Donnelley Financial Solutions Stock Performance

DFIN stock traded up $0.55 during midday trading on Friday, reaching $67.10. The company had a trading volume of 155,011 shares, compared to its average volume of 179,867. The firm has a market capitalization of $1.94 billion, a PE ratio of 20.97 and a beta of 1.38. The stock has a 50 day moving average price of $61.30 and a 200 day moving average price of $63.53. Donnelley Financial Solutions, Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $71.01. 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 (NYSE:DFIN - Get Free Report) last released its quarterly earnings data 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 net margin of 12.06% and a return on equity of 22.70%. The company had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company's revenue for the quarter was down .3% compared to the same quarter last year.

Insider Activity

In other news, CFO David A. Gardella sold 3,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the completion of the transaction, the chief financial officer now owns 197,406 shares of the company's stock, valued at approximately $12,373,408.08. This represents a 1.50 % 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 Jeffrey Jacobowitz sold 234,041 shares of Donnelley Financial Solutions 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 sale, the director now owns 774,165 shares in the company, valued at approximately $45,265,427.55. This represents a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company's stock.

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).