Charles Schwab Investment Management Inc. Boosts Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Charles Schwab Investment Management Inc. boosted its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 351,412 shares of the company’s stock after acquiring an additional 19,740 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Donnelley Financial Solutions were worth $23,133,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC grew its holdings 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 acquiring an additional 198 shares during the period. Farther Finance Advisors LLC increased its position in shares of Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after buying an additional 422 shares in the last quarter. Quarry LP increased its position in shares of Donnelley Financial Solutions by 492.9% in the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after buying an additional 621 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth $48,000. Finally, Quest Partners LLC purchased a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth about $197,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

DFIN has been the subject of a number of research reports. B. Riley cut their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, November 1st.

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 dated Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the sale, the director now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel Leib sold 400 shares of Donnelley Financial Solutions stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.01, for a total value of $28,004.00. Following the completion of the sale, the chief executive officer now owns 524,791 shares of the company’s stock, valued at $36,740,617.91. This trade represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 425,331 shares of company stock valued at $26,738,613. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Trading Down 1.9 %

Donnelley Financial Solutions stock opened at $59.76 on Friday. The stock has a 50-day moving average price of $62.69 and a 200 day moving average price of $63.03. Donnelley Financial Solutions, Inc. has a 52 week low of $56.02 and a 52 week high of $71.01. The stock has a market cap of $1.72 billion, a PE ratio of 18.68 and a beta of 1.39. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

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