Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 3.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 675,937 shares of the company's stock after selling 26,332 shares during the period. Rockefeller Capital Management L.P. owned 2.34% of Donnelley Financial Solutions worth $44,494,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its position in shares of Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company's stock worth $28,000 after buying an additional 198 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Donnelley Financial Solutions by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company's stock worth $745,000 after purchasing an additional 200 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Donnelley Financial Solutions by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company's stock worth $944,000 after purchasing an additional 249 shares during the last quarter. Thrivent Financial for Lutherans grew its position in 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 purchasing an additional 289 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Donnelley Financial Solutions by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 6,236 shares of the company's stock valued at $411,000 after acquiring an additional 310 shares during the period. Hedge funds and other institutional investors own 93.84% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. B. Riley decreased their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the sale, the director now owns 774,165 shares of the company's stock, valued at approximately $45,265,427.55. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Leib sold 2,881 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total transaction of $201,756.43. Following the sale, the chief executive officer now directly owns 517,810 shares in the company, valued at approximately $36,262,234.30. The trade was a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 425,331 shares of company stock valued at $26,738,613. 11.90% of the stock is owned by corporate insiders.

Donnelley Financial Solutions Stock Performance

Shares of DFIN traded up $0.40 during trading hours on Friday, hitting $60.25. The stock had a trading volume of 69,561 shares, compared to its average volume of 170,366. Donnelley Financial Solutions, Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $71.01. The firm has a 50-day moving average price of $63.19 and a 200 day moving average price of $63.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.83 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The firm had revenue of $179.50 million during the quarter, compared to analysts' expectations of $181.55 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The firm's revenue was down .3% compared to the same quarter last year. As a group, research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

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).