HighTower Advisors LLC Has $485,000 Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

HighTower Advisors LLC trimmed its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 45.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,728 shares of the company's stock after selling 6,398 shares during the quarter. HighTower Advisors LLC's holdings in Donnelley Financial Solutions were worth $485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Choreo LLC purchased a new position in Donnelley Financial Solutions during the 4th quarter worth approximately $265,000. World Investment Advisors LLC purchased a new position in shares of Donnelley Financial Solutions during the third quarter valued at $719,000. Harbor Capital Advisors Inc. acquired a new position in Donnelley Financial Solutions during the fourth quarter valued at $2,264,000. Jane Street Group LLC lifted its stake in Donnelley Financial Solutions by 608.0% in the 3rd quarter. Jane Street Group LLC now owns 66,931 shares of the company's stock worth $4,406,000 after acquiring an additional 57,477 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Donnelley Financial Solutions by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company's stock worth $29,906,000 after acquiring an additional 46,273 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was 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 $25,831,676.74. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary G. Greenfield purchased 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, with a total value of $48,890.00. Following the transaction, the director now directly 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 ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DFIN shares. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a report on Friday, March 28th. DA Davidson dropped their price objective on shares of Donnelley Financial Solutions from $76.00 to $72.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th.

Donnelley Financial Solutions Stock Down 6.6 %

DFIN stock traded down $2.96 during mid-day trading on Thursday, hitting $41.87. The stock had a trading volume of 405,261 shares, compared to its average volume of 203,814. Donnelley Financial Solutions, Inc. has a 1-year low of $41.72 and a 1-year high of $71.01. The company has a fifty day moving average of $53.24 and a 200 day moving average of $59.44. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 13.68 and a beta of 1.23.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.22). The firm had revenue of $156.30 million during 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 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).