Assenagon Asset Management S.A. Sells 12,846 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assenagon Asset Management S.A. lowered its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 30.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,441 shares of the company’s stock after selling 12,846 shares during the period. Assenagon Asset Management S.A.’s holdings in Donnelley Financial Solutions were worth $1,847,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DFIN. State Street Corp raised its holdings in shares of Donnelley Financial Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 1,060,700 shares of the company’s stock worth $69,826,000 after acquiring an additional 4,279 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of 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 worth $59,218,000 after purchasing an additional 24,869 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 20,652 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after buying an additional 46,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Donnelley Financial Solutions by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock worth $23,133,000 after buying an additional 19,740 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insider Activity

In related news, CFO David A. Gardella sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total value of $188,040.00. Following the sale, the chief financial officer now directly owns 197,406 shares in the company, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the transaction, the director now owns 774,165 shares of the company’s stock, valued at $45,265,427.55. This represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock opened at $66.61 on Friday. The business’s fifty day simple moving average is $61.05 and its 200 day simple moving average is $63.45. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions, Inc. has a 12 month low of $56.02 and a 12 month high of $71.01. The firm has a market capitalization of $1.92 billion, a P/E ratio of 20.82 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share 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 company had revenue of $179.50 million during the quarter, compared to analysts’ expectations of $181.55 million. During the same period last year, the firm posted $0.58 earnings per share. Donnelley Financial Solutions’s quarterly revenue was down .3% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DFIN. B. Riley cut their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a research report on Wednesday, January 15th.

Donnelley Financial Solutions 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).