Assetmark Inc. Acquires 3,420 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assetmark Inc. boosted its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,873 shares of the company’s stock after acquiring an additional 3,420 shares during the period. Assetmark Inc. owned 0.15% of Donnelley Financial Solutions worth $2,954,000 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 stake in Donnelley Financial Solutions by 72.3% in the second quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 198 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Donnelley Financial Solutions by 781.5% during the 3rd 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 grew its position in shares of Donnelley Financial Solutions by 492.9% in the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after buying an additional 621 shares during the period. nVerses Capital LLC bought a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth about $48,000. Finally, Quest Partners LLC purchased a new position in Donnelley Financial Solutions during the 2nd quarter valued at about $197,000. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $62.23 on Thursday. 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, Inc. has a 12-month low of $55.64 and a 12-month high of $71.01. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.45 and a beta of 1.38. The firm has a 50 day moving average of $64.83 and a 200 day moving average of $63.28.

Donnelley Financial Solutions (NYSE:DFIN) last released its 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). 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 for the quarter, compared to the consensus estimate of $181.55 million. During the same quarter in the previous year, the business posted $0.58 EPS. Donnelley Financial Solutions’s revenue was down .3% on a year-over-year basis. On average, research analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price target 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. B. Riley decreased 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 report on Tuesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday, November 1st.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 2,881 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Donnelley Financial Solutions news, CEO Daniel Leib sold 2,881 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the transaction, the chief executive officer now directly owns 517,810 shares of the company’s stock, valued at $36,262,234.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the sale, the director now owns 1,008,206 shares in the company, valued at $67,973,248.52. This represents 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 425,331 shares of company stock valued at $26,738,613. Corporate 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).