Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,200 shares of the company's stock after purchasing an additional 7,327 shares during the quarter. Assetmark Inc. owned about 0.18% of Donnelley Financial Solutions worth $3,275,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Donnelley Financial Solutions by 781.5% during 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 last quarter. Principal Securities Inc. increased its holdings in shares of Donnelley Financial Solutions by 1,537.1% during the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock worth $64,000 after buying an additional 953 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock valued at $73,000 after buying an additional 987 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Donnelley Financial Solutions during the 3rd quarter valued at approximately $74,000. Finally, KBC Group NV lifted its holdings in Donnelley Financial Solutions by 52.7% in the fourth quarter. KBC Group NV now owns 1,550 shares of the company's stock valued at $97,000 after acquiring an additional 535 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have commented on DFIN shares. Needham & Company LLC reduced their target price on 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 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.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction dated 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 in the company, valued at approximately $12,373,408.08. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary G. Greenfield bought 1,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the purchase, 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 currently owned by corporate insiders.

Donnelley Financial Solutions Trading Down 0.9 %

Shares of NYSE DFIN traded down $0.41 during trading on Thursday, reaching $43.34. The stock had a trading volume of 530,221 shares, compared to its average volume of 272,885. The business's 50-day moving average price is $58.67 and its 200-day moving average price is $61.84. Donnelley Financial Solutions, Inc. has a fifty-two week low of $42.31 and a fifty-two week high of $71.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The company has a market cap of $1.24 billion, a P/E ratio of 14.16 and a beta of 1.44.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued 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 business had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

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).