Bank of New York Mellon Corp Sells 15,938 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Bank of New York Mellon Corp trimmed its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,490 shares of the company’s stock after selling 15,938 shares during the period. Bank of New York Mellon Corp owned about 0.94% of Donnelley Financial Solutions worth $11,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Advisor Partners II LLC lifted its stake in shares of Donnelley Financial Solutions by 3.6% in the fourth quarter. Advisor Partners II LLC now owns 7,377 shares of the company’s stock valued at $285,000 after buying an additional 254 shares in the last quarter. Pathstone Family Office LLC lifted its stake in shares of Donnelley Financial Solutions by 3.3% in the fourth quarter. Pathstone Family Office LLC now owns 8,034 shares of the company’s stock valued at $311,000 after buying an additional 254 shares in the last quarter. State of Wyoming lifted its stake in shares of Donnelley Financial Solutions by 5.2% in the fourth quarter. State of Wyoming now owns 5,252 shares of the company’s stock valued at $203,000 after buying an additional 261 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Donnelley Financial Solutions by 4.2% in the first quarter. Diversified Trust Co now owns 6,530 shares of the company’s stock valued at $267,000 after buying an additional 266 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Donnelley Financial Solutions by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 7,040 shares of the company’s stock valued at $234,000 after purchasing an additional 363 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Simcoe Capital Management, Llc sold 98,656 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $47.22, for a total transaction of $4,658,536.32. Following the completion of the sale, the insider now owns 104,622 shares in the company, valued at $4,940,250.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Craig Clay sold 1,575 shares of Donnelley Financial Solutions stock in a transaction on Friday, September 1st. The stock was sold at an average price of $49.60, for a total value of $78,120.00. Following the completion of the transaction, the insider now directly owns 135,205 shares in the company, valued at $6,706,168. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Simcoe Capital Management, Llc sold 98,656 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $47.22, for a total value of $4,658,536.32. Following the sale, the insider now owns 104,622 shares in the company, valued at $4,940,250.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,264 shares of company stock worth $19,185,184. Insiders own 16.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DFIN has been the subject of several analyst reports. Needham & Company LLC increased their target price on shares of Donnelley Financial Solutions from $55.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. DA Davidson increased their target price on shares of Donnelley Financial Solutions from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 13th.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $49.95 on Friday. Donnelley Financial Solutions, Inc. has a 52-week low of $33.17 and a 52-week high of $50.38. The company has a 50-day simple moving average of $47.13 and a 200 day simple moving average of $44.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $1.47 billion, a PE ratio of 18.23 and a beta of 1.63.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.32. Donnelley Financial Solutions had a net margin of 10.49% and a return on equity of 24.41%. The business had revenue of $242.10 million during the quarter, compared to the consensus estimate of $229.25 million. During the same quarter last year, the company posted $1.42 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, research analysts predict that Donnelley Financial Solutions, Inc. will post 2.39 EPS for the current year.

Donnelley Financial Solutions Profile

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company 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).