6,882 Shares in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Bought by Truist Financial Corp

Truist Financial Corp acquired a new stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,882 shares of the company's stock, valued at approximately $432,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inspire Investing LLC boosted its stake in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock worth $402,000 after acquiring an additional 177 shares during the period. New York State Teachers Retirement System boosted its position in Donnelley Financial Solutions by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after purchasing an additional 182 shares during the period. Thrivent Financial for Lutherans boosted its position in Donnelley Financial Solutions by 1.4% during the third 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 period. Empowered Funds LLC boosted its position in Donnelley Financial Solutions by 3.1% during the third quarter. Empowered Funds LLC now owns 10,768 shares of the company's stock worth $709,000 after purchasing an additional 320 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Donnelley Financial Solutions by 3.6% during the 4th quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock worth $752,000 after buying an additional 387 shares during the period. Institutional investors own 93.84% of the company's stock.

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Wall Street Analyst Weigh In

DFIN has been the subject of several research analyst reports. DA Davidson reduced their target price 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. Needham & Company LLC reduced their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a "buy" rating for the company in a report on Wednesday, February 19th.

Donnelley Financial Solutions Price Performance

Shares of DFIN stock traded up $1.38 during trading on Friday, hitting $47.30. The company had a trading volume of 442,119 shares, compared to its average volume of 262,325. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The firm has a market capitalization of $1.35 billion, a P/E ratio of 15.46 and a beta of 1.44. The stock's 50-day moving average price is $59.75 and its 200 day moving average price is $62.29. Donnelley Financial Solutions, Inc. has a one year low of $45.09 and a one year high of $71.01.

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

Insider Transactions at Donnelley Financial Solutions

In other 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 transaction of $1,253,500.00. Following the completion of the transaction, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.90% of the company's stock.

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).