Donnelley Financial Solutions, Inc. (NYSE:DFIN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,521 shares of the company’s stock after selling 454 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Donnelley Financial Solutions were worth $1,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Donnelley Financial Solutions by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock worth $23,133,000 after purchasing an additional 19,740 shares during the period. Public Sector Pension Investment Board grew its position in Donnelley Financial Solutions by 3.5% during the third quarter. Public Sector Pension Investment Board now owns 56,684 shares of the company’s stock valued at $3,732,000 after buying an additional 1,900 shares during the period. Point72 Asset Management L.P. increased its holdings in Donnelley Financial Solutions by 66.1% in the third quarter. Point72 Asset Management L.P. now owns 7,892 shares of the company’s stock valued at $520,000 after buying an additional 3,141 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Donnelley Financial Solutions in the third quarter worth about $74,000. Finally, Stifel Financial Corp boosted its stake in shares of Donnelley Financial Solutions by 108.0% during the 3rd quarter. Stifel Financial Corp now owns 11,091 shares of the company’s stock worth $730,000 after acquiring an additional 5,759 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Insider Activity at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. The trade was a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary G. Greenfield bought 1,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now owns 43,128 shares of the company’s stock, valued at approximately $2,108,527.92. This represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

DFIN has been the topic of several research analyst reports. DA Davidson dropped their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Friday.

Donnelley Financial Solutions Trading Down 0.4 %

Shares of DFIN opened at $43.67 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $54.58 and a 200 day moving average price of $59.84. Donnelley Financial Solutions, Inc. has a 12-month low of $41.76 and a 12-month high of $71.01. The firm has a market capitalization of $1.25 billion, a P/E ratio of 14.27 and a beta of 1.44.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The business had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%.

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).