JPMorgan Chase & Co. Decreases Stock Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

JPMorgan Chase & Co. lessened its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389,568 shares of the company's stock after selling 64,716 shares during the quarter. JPMorgan Chase & Co. owned 1.35% of Donnelley Financial Solutions worth $24,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Inspire Investing LLC lifted its holdings in shares of Donnelley Financial Solutions by 2.8% during the fourth quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock worth $402,000 after purchasing an additional 177 shares during the period. New York State Teachers Retirement System raised its position in Donnelley Financial Solutions by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after buying an additional 182 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Donnelley Financial Solutions by 3.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock valued at $752,000 after acquiring an additional 387 shares during the period. KBC Group NV boosted its holdings in shares of Donnelley Financial Solutions by 52.7% in the 4th 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. Finally, Exchange Traded Concepts LLC increased its stake in shares of Donnelley Financial Solutions by 3.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 16,287 shares of the company's stock worth $1,022,000 after acquiring an additional 554 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gary G. Greenfield acquired 1,000 shares of Donnelley Financial Solutions stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now owns 43,128 shares of the company's stock, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN traded up $0.22 during midday trading on Tuesday, reaching $41.37. 74,454 shares of the stock were exchanged, compared to its average volume of 314,871. 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 firm has a market cap of $1.18 billion, a price-to-earnings ratio of 13.54 and a beta of 1.23. The firm has a 50-day simple moving average of $48.40 and a two-hundred day simple moving average of $57.67. Donnelley Financial Solutions, Inc. has a twelve month low of $37.80 and a twelve month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The firm had revenue of $156.30 million for the quarter, compared to analysts' expectations of $169.20 million.

Analyst Upgrades and Downgrades

DFIN has been the subject of a number of research reports. DA Davidson restated a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Monday. Needham & Company LLC reiterated a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, March 28th.

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).