Rhumbline Advisers grew its stake in shares of Donnelley Financial Solutions Inc (NYSE:DFIN) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,009 shares of the company’s stock after buying an additional 3,854 shares during the period. Rhumbline Advisers owned 0.24% of Donnelley Financial Solutions worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in DFIN. Rubric Capital Management LP boosted its stake in Donnelley Financial Solutions by 30.6% during the first quarter. Rubric Capital Management LP now owns 749,578 shares of the company’s stock worth $12,870,000 after buying an additional 175,528 shares during the period. Dimensional Fund Advisors LP boosted its stake in Donnelley Financial Solutions by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,159,823 shares of the company’s stock worth $19,914,000 after buying an additional 134,075 shares during the period. BlackRock Inc. boosted its stake in Donnelley Financial Solutions by 3.0% during the first quarter. BlackRock Inc. now owns 4,388,824 shares of the company’s stock worth $75,355,000 after buying an additional 129,104 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Donnelley Financial Solutions by 17.5% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 670,000 shares of the company’s stock worth $11,504,000 after buying an additional 100,000 shares during the period. Finally, Rice Hall James & Associates LLC purchased a new position in Donnelley Financial Solutions during the second quarter worth $1,719,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
DFIN has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Wells Fargo & Co decreased their price objective on Donnelley Financial Solutions from $22.00 to $19.00 and set a “market perform” rating for the company in a report on Monday, June 25th. JPMorgan Chase & Co. downgraded Donnelley Financial Solutions from a “neutral” rating to an “underweight” rating in a report on Tuesday, September 25th. Finally, Bank of America downgraded Donnelley Financial Solutions from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.50.
Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.10). Donnelley Financial Solutions had a net margin of 0.83% and a return on equity of 18.40%. The company had revenue of $290.60 million for the quarter, compared to analyst estimates of $297.13 million. On average, analysts anticipate that Donnelley Financial Solutions Inc will post 0.89 earnings per share for the current fiscal year.
About Donnelley Financial Solutions
Donnelley Financial Solutions, Inc provides financial communications, and data and analytics services for the investment and capital markets worldwide. It offers communication tools and services to allow its clients to comply with ongoing regulatory filings; and communications services to create, manage, and deliver registration statements, prospectuses, proxies, and other communications to regulators and investors.
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