Prudential Financial Inc. Lowers Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Prudential Financial Inc. lessened its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,095 shares of the company's stock after selling 10,176 shares during the quarter. Prudential Financial Inc. owned about 0.44% of Donnelley Financial Solutions worth $7,910,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in shares of Donnelley Financial Solutions by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company's stock worth $1,381,000 after acquiring an additional 289 shares during the period. Charles Schwab Investment Management Inc. increased its position in Donnelley Financial Solutions by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company's stock worth $23,133,000 after purchasing an additional 19,740 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Donnelley Financial Solutions by 3.5% during the third quarter. Public Sector Pension Investment Board now owns 56,684 shares of the company's stock worth $3,732,000 after purchasing an additional 1,900 shares during the period. Martingale Asset Management L P boosted its holdings in Donnelley Financial Solutions by 12.0% in the 3rd quarter. Martingale Asset Management L P now owns 28,429 shares of the company's stock valued at $1,871,000 after purchasing an additional 3,042 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Donnelley Financial Solutions by 66.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 7,892 shares of the company's stock worth $520,000 after buying an additional 3,141 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company's stock.

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Donnelley Financial Solutions Stock Down 6.6 %

Shares of NYSE DFIN traded down $2.96 during midday trading on Thursday, hitting $41.87. 405,261 shares of the company's stock were exchanged, compared to its average volume of 203,814. The firm's fifty day simple moving average is $53.24 and its 200-day simple moving average is $59.44. The company has a market cap of $1.20 billion, a PE ratio of 13.68 and a beta of 1.23. Donnelley Financial Solutions, Inc. has a twelve month low of $41.72 and a twelve month high of $71.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share 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 company had revenue of $156.30 million for the quarter, compared to analyst estimates of $169.20 million.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DFIN. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research 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 for the company in a report on Thursday, February 20th.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now owns 43,128 shares in the company, valued at $2,108,527.92. This trade represents 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 currently owned by insiders.

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).