Assenagon Asset Management S.A. Buys 13,757 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assenagon Asset Management S.A. grew its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 48.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,287 shares of the company’s stock after acquiring an additional 13,757 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of Donnelley Financial Solutions worth $2,784,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DFIN. BNP Paribas Financial Markets increased its holdings in shares of Donnelley Financial Solutions by 2.3% in the first quarter. BNP Paribas Financial Markets now owns 18,974 shares of the company’s stock worth $1,177,000 after acquiring an additional 423 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Donnelley Financial Solutions by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 53,381 shares of the company’s stock worth $3,310,000 after acquiring an additional 2,458 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Donnelley Financial Solutions by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 21,654 shares of the company’s stock worth $1,343,000 after buying an additional 286 shares during the period. Mawer Investment Management Ltd. boosted its position in shares of Donnelley Financial Solutions by 47.5% during the first quarter. Mawer Investment Management Ltd. now owns 2,042,204 shares of the company’s stock worth $126,637,000 after buying an additional 657,835 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Donnelley Financial Solutions during the first quarter worth about $6,041,000. 93.84% of the stock is currently owned by institutional investors.

Insider Activity at Donnelley Financial Solutions

In related news, insider Eric J. Johnson sold 8,823 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total transaction of $553,819.71. Following the completion of the transaction, the insider now directly owns 124,186 shares of the company’s stock, valued at approximately $7,795,155.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Eric J. Johnson sold 8,823 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $62.77, for a total value of $553,819.71. Following the completion of the sale, the insider now directly owns 124,186 shares of the company’s stock, valued at $7,795,155.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $67.42, for a total value of $7,730,040.10. Following the completion of the sale, the director now directly owns 1,008,206 shares of the company’s stock, valued at approximately $67,973,248.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,113 shares of company stock valued at $13,608,056. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DFIN. DA Davidson upped their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, September 27th.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $63.97 on Thursday. The stock has a 50 day moving average price of $65.99 and a 200 day moving average price of $63.43. Donnelley Financial Solutions, Inc. has a 52 week low of $52.52 and a 52 week high of $71.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $1.88 billion, a PE ratio of 19.26 and a beta of 1.35.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.42 by $0.08. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. The firm had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $247.70 million. Analysts predict that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current fiscal year.

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).