JPMorgan Chase & Co. Boosts Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

JPMorgan Chase & Co. lifted its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 454,284 shares of the company’s stock after buying an additional 46,273 shares during the quarter. JPMorgan Chase & Co.’s holdings in Donnelley Financial Solutions were worth $29,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in Donnelley Financial Solutions by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 1,152,756 shares of the company’s stock valued at $68,727,000 after acquiring an additional 152,867 shares during the period. Millennium Management LLC grew its position in shares of Donnelley Financial Solutions by 108.9% in the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after purchasing an additional 131,994 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in shares of 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 valued at $125,864,000 after purchasing an additional 68,908 shares during the period. Great Lakes Advisors LLC lifted its holdings in Donnelley Financial Solutions by 1,500.4% during the 2nd quarter. Great Lakes Advisors LLC now owns 71,537 shares of the company’s stock worth $4,265,000 after purchasing an additional 67,067 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Donnelley Financial Solutions by 608.0% in the 3rd quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after purchasing an additional 57,477 shares during the period. 93.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DFIN shares. B. Riley decreased their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Insider Buying and Selling

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction dated 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 directly owns 197,406 shares in the company, valued at $12,373,408.08. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the transaction, the director now directly owns 774,165 shares in the company, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

Donnelley Financial Solutions Stock Performance

Shares of DFIN opened at $58.51 on Wednesday. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.69 billion, a PE ratio of 18.28 and a beta of 1.38. The stock has a 50-day moving average price of $60.89 and a 200-day moving average price of $63.31.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). The company had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, equities analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

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).