Janney Montgomery Scott LLC Increases Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Janney Montgomery Scott LLC increased its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,507 shares of the company’s stock after buying an additional 1,423 shares during the period. Janney Montgomery Scott LLC owned 0.19% of Donnelley Financial Solutions worth $3,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Donnelley Financial Solutions during the first quarter valued at $808,000. Homestead Advisers Corp raised its stake in Donnelley Financial Solutions by 24.5% during the 1st quarter. Homestead Advisers Corp now owns 56,900 shares of the company’s stock valued at $3,528,000 after buying an additional 11,200 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Donnelley Financial Solutions in the 1st quarter worth $1,694,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Donnelley Financial Solutions by 1,178.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 328,664 shares of the company’s stock worth $20,381,000 after purchasing an additional 302,957 shares during the period. Finally, Great Lakes Advisors LLC grew its position in Donnelley Financial Solutions by 1,500.4% during the second quarter. Great Lakes Advisors LLC now owns 71,537 shares of the company’s stock valued at $4,265,000 after buying an additional 67,067 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Trading Down 1.9 %

DFIN stock opened at $61.23 on Monday. The firm has a market cap of $1.77 billion, a PE ratio of 19.13 and a beta of 1.38. The firm has a fifty day moving average price of $65.00 and a 200 day moving average price of $63.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. Donnelley Financial Solutions, Inc. has a fifty-two week low of $52.52 and a fifty-two week high of $71.01.

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 the consensus estimate of $0.76 by ($0.28). The firm 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 business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. Sell-side analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.02 earnings per share for the current fiscal year.

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of Donnelley Financial Solutions 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 sale, the director now directly owns 774,165 shares in the company, valued at approximately $45,265,427.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 sale, the director now owns 774,165 shares in the company, valued at $45,265,427.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel Leib sold 400 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.01, for a total transaction of $28,004.00. Following the completion of the transaction, the chief executive officer now owns 524,791 shares of the company’s stock, valued at $36,740,617.91. This trade represents a 0.00 % 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. Corporate insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DFIN. Needham & Company LLC reaffirmed a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a report on Friday, November 1st. B. Riley dropped 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. Finally, DA Davidson lifted their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

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).