Barings LLC continued to hold its stake in shares of Donnelley Financial Solutions Inc (NASDAQ:DFIN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,562 shares of the company’s stock at the close of the 2nd quarter. Barings LLC owned approximately 0.17% of Donnelley Financial Solutions worth $1,130,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DFIN. Municipal Employees Retirement System of Michigan boosted its position in Donnelley Financial Solutions by 3.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,200 shares of the company’s stock worth $142,000 after purchasing an additional 190 shares during the period. HighTower Advisors LLC bought a new stake in Donnelley Financial Solutions during the second quarter worth approximately $204,000. Balter Liquid Alternatives LLC bought a new stake in Donnelley Financial Solutions during the second quarter worth approximately $245,000. UBS Asset Management Americas Inc. bought a new stake in Donnelley Financial Solutions during the second quarter worth approximately $259,000. Finally, Voya Investment Management LLC bought a new stake in Donnelley Financial Solutions during the second quarter worth approximately $272,000.
Donnelley Financial Solutions Inc (NASDAQ DFIN) opened at 21.33 on Thursday. The stock’s 50 day moving average price is $21.33 and its 200-day moving average price is $21.33. The firm has a market capitalization of $718.82 million and a price-to-earnings ratio of 18.68. Donnelley Financial Solutions Inc has a one year low of $18.02 and a one year high of $27.08.
Donnelley Financial Solutions (NASDAQ:DFIN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.06). The firm had revenue of $290.20 million during the quarter, compared to the consensus estimate of $294.70 million. Donnelley Financial Solutions had a net margin of 6.48% and a return on equity of 51.81%. The business’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts expect that Donnelley Financial Solutions Inc will post $1.63 EPS for the current fiscal year.
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A number of brokerages have issued reports on DFIN. Wells Fargo & Company started coverage on Donnelley Financial Solutions in a research report on Monday, June 19th. They set a “market perform” rating and a $24.00 target price for the company. Citigroup Inc. started coverage on Donnelley Financial Solutions in a report on Monday, June 19th. They set a “neutral” rating and a $25.00 price target for the company. Bank of America Corporation started coverage on Donnelley Financial Solutions in a report on Friday, June 23rd. They set a “buy” rating for the company. BidaskClub upgraded Donnelley Financial Solutions from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co started coverage on Donnelley Financial Solutions in a report on Tuesday, August 15th. They set a “neutral” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Donnelley Financial Solutions presently has an average rating of “Hold” and a consensus price target of $24.33.
Donnelley Financial Solutions Profile
Donnelley Financial Solutions, Inc is a financial communications services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers), and global investment markets compliance and analytics needs for mutual fund companies, variable annuity providers and broker/dealers.
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