Principal Financial Group Inc. Sells 14,335 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Principal Financial Group Inc. decreased its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,262 shares of the company’s stock after selling 14,335 shares during the period. Principal Financial Group Inc.’s holdings in Donnelley Financial Solutions were worth $8,312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFIN. Mawer Investment Management Ltd. grew its holdings in Donnelley Financial Solutions by 3.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 2,111,112 shares of the company’s stock worth $125,864,000 after acquiring an additional 68,908 shares during the period. American Century Companies Inc. grew its stake in shares of Donnelley Financial Solutions by 15.3% during the second quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock worth $68,727,000 after purchasing an additional 152,867 shares during the period. State Street Corp grew its stake in shares of Donnelley Financial Solutions by 0.4% during the third quarter. State Street Corp now owns 1,060,700 shares of the company’s stock worth $69,826,000 after purchasing an additional 4,279 shares during the period. Rice Hall James & Associates LLC increased its holdings in Donnelley Financial Solutions by 2.8% in the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after purchasing an additional 24,869 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Donnelley Financial Solutions by 3.6% in the third quarter. Geode Capital Management LLC now owns 593,239 shares of the company’s stock valued at $39,061,000 after buying an additional 20,652 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Down 0.3 %

Shares of Donnelley Financial Solutions stock opened at $62.73 on Wednesday. The company has a market capitalization of $1.81 billion, a P/E ratio of 19.60 and a beta of 1.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50-day moving average of $61.24 and a two-hundred day moving average of $63.24. Donnelley Financial Solutions, Inc. has a 1 year low of $56.02 and a 1 year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its 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 business had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. During the same period in the previous year, the company posted $0.58 earnings per share. Donnelley Financial Solutions’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DFIN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. B. Riley lowered 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 note on Tuesday, November 5th.

Insider Buying and Selling

In other 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 completion of the transaction, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the sale, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

About Donnelley Financial Solutions

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).