Northern Trust Corp Has $34.20 Million Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Northern Trust Corp lifted its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 545,203 shares of the company’s stock after buying an additional 79,848 shares during the period. Northern Trust Corp owned approximately 1.89% of Donnelley Financial Solutions worth $34,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DFIN. Choreo LLC bought a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $265,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at $2,264,000. New York State Common Retirement Fund increased its stake in shares of Donnelley Financial Solutions by 19.1% in the 4th quarter. New York State Common Retirement Fund now owns 44,987 shares of the company’s stock valued at $2,822,000 after purchasing an additional 7,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Donnelley Financial Solutions by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company’s stock worth $23,436,000 after buying an additional 22,195 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Donnelley Financial Solutions by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 175,782 shares of the company’s stock valued at $11,027,000 after buying an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insider Activity at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield bought 1,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the acquisition, the director now directly owns 43,128 shares of the company’s stock, valued at approximately $2,108,527.92. The trade was a 2.37 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares of the company’s stock, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $53.38 on Friday. The business has a 50-day simple moving average of $44.69 and a two-hundred day simple moving average of $55.24. Donnelley Financial Solutions, Inc. has a 12-month low of $37.80 and a 12-month high of $71.01. The stock has a market cap of $1.48 billion, a PE ratio of 17.44 and a beta of 1.04. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.54. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.47 million. During the same quarter last year, the business earned $0.91 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis.

Analyst Ratings Changes

DFIN has been the subject of a number of research reports. DA Davidson reissued a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a report on Monday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st.

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).