Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 556.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,661 shares of the company's stock after purchasing an additional 31,926 shares during the period. PNC Financial Services Group Inc. owned about 0.13% of Donnelley Financial Solutions worth $2,362,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth $10,373,000. Assetmark Inc. raised its stake in Donnelley Financial Solutions by 16.3% during the 4th quarter. Assetmark Inc. now owns 52,200 shares of the company's stock worth $3,275,000 after acquiring an additional 7,327 shares in the last quarter. Victory Capital Management Inc. raised its stake in Donnelley Financial Solutions by 15.5% during the 4th quarter. Victory Capital Management Inc. now owns 34,782 shares of the company's stock worth $2,182,000 after acquiring an additional 4,676 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Donnelley Financial Solutions by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock worth $23,436,000 after acquiring an additional 22,195 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock worth $73,000 after acquiring an additional 987 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Needham & Company LLC cut their price target on shares of Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. 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.

Insiders Place Their Bets

In related news, Director Gary G. Greenfield bought 1,000 shares of the stock in a transaction on Friday, February 21st. The shares were 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 $2,108,527.92. This represents a 2.37 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded up $0.75 on Tuesday, reaching $44.55. 383,212 shares of the stock were exchanged, compared to its average volume of 188,668. Donnelley Financial Solutions, Inc. has a 1-year low of $41.76 and a 1-year high of $71.01. 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 business has a fifty day moving average price of $57.98 and a two-hundred day moving average price of $61.49. The firm has a market capitalization of $1.27 billion, a PE ratio of 14.56 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 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 analyst estimates of $169.20 million.

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).