Northern Trust Corp boosted its position in Donnelley Financial Solutions (NYSE:DFIN – Free Report) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 587,158 shares of the company’s stock after buying an additional 41,955 shares during the period. Northern Trust Corp owned approximately 2.12% of Donnelley Financial Solutions worth $25,665,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Donnelley Financial Solutions by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,868,709 shares of the company’s stock valued at $81,681,000 after acquiring an additional 18,752 shares during the period. Aberdeen Group plc lifted its holdings in Donnelley Financial Solutions by 19.4% in the first quarter. Aberdeen Group plc now owns 430,553 shares of the company’s stock valued at $18,819,000 after acquiring an additional 70,012 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in Donnelley Financial Solutions in the fourth quarter valued at $26,329,000. Port Capital LLC acquired a new stake in Donnelley Financial Solutions in the fourth quarter valued at $23,114,000. Finally, Tidal Investments LLC acquired a new stake in Donnelley Financial Solutions in the fourth quarter valued at $19,595,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
Donnelley Financial Solutions Trading Up 0.1%
Shares of DFIN stock opened at $56.73 on Monday. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $70.55. The stock has a market cap of $1.56 billion, a P/E ratio of 20.05 and a beta of 0.99. The business has a fifty day simple moving average of $59.12 and a 200-day simple moving average of $52.78. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.43.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Donnelley Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $71.33.
Get Our Latest Stock Analysis on DFIN
Insider Buying and Selling at Donnelley Financial Solutions
In other news, Director Luis A. Aguilar sold 7,421 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $56.71, for a total value of $420,844.91. Following the completion of the transaction, the director owned 53,343 shares in the company, valued at $3,025,081.53. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.
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).
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