Amalgamated Bank trimmed its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN – Get Rating) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,096 shares of the company's stock after selling 798 shares during the quarter. Amalgamated Bank's holdings in Donnelley Financial Solutions were worth $436,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in DFIN. Invesco Ltd. raised its stake in shares of Donnelley Financial Solutions by 135.4% during the 4th quarter. Invesco Ltd. now owns 546,515 shares of the company's stock worth $25,762,000 after buying an additional 314,321 shares during the period. Barclays PLC increased its position in shares of Donnelley Financial Solutions by 76.0% during the fourth quarter. Barclays PLC now owns 58,221 shares of the company's stock worth $2,744,000 after purchasing an additional 25,140 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Donnelley Financial Solutions by 23.4% during the first quarter. Wedge Capital Management L L P NC now owns 472,818 shares of the company's stock worth $15,726,000 after purchasing an additional 89,549 shares in the last quarter. O Keefe Stevens Advisory Inc. purchased a new stake in shares of Donnelley Financial Solutions during the first quarter worth approximately $3,530,000. Finally, Spire Wealth Management purchased a new stake in shares of Donnelley Financial Solutions during the first quarter worth approximately $76,000. 95.92% of the stock is owned by institutional investors and hedge funds.
Get Donnelley Financial Solutions alerts:Insider Transactions at Donnelley Financial Solutions
In other news, General Counsel Jennifer B. Reiners sold 20,049 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $42.51, for a total transaction of $852,282.99. Following the completion of the transaction, the general counsel now directly owns 69,884 shares in the company, valued at approximately $2,970,768.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO David A. Gardella sold 74,265 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $42.17, for a total transaction of $3,131,755.05. Following the completion of the transaction, the chief financial officer now directly owns 157,465 shares in the company, valued at approximately $6,640,299.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Jennifer B. Reiners sold 20,049 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $42.51, for a total value of $852,282.99. Following the transaction, the general counsel now directly owns 69,884 shares in the company, valued at approximately $2,970,768.84. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.
Donnelley Financial Solutions Stock Up 2.2 %
Shares of NYSE:DFIN opened at $38.53 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $39.74 and a two-hundred day moving average of $33.66. The stock has a market cap of $1.14 billion, a P/E ratio of 9.31 and a beta of 1.76. Donnelley Financial Solutions, Inc. has a 52-week low of $24.60 and a 52-week high of $52.33.Donnelley Financial Solutions (NYSE:DFIN – Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.54. The company had revenue of $266.20 million during the quarter, compared to analysts' expectations of $222.90 million. Donnelley Financial Solutions had a return on equity of 39.18% and a net margin of 14.64%. On average, research analysts expect that Donnelley Financial Solutions, Inc. will post 3.9 earnings per share for the current year.
Analysts Set New Price Targets
Separately, B. Riley dropped their price target on Donnelley Financial Solutions from $45.00 to $40.00 in a research report on Tuesday, August 2nd.
Donnelley Financial Solutions Profile
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Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company 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).
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- Get a free copy of the StockNews.com research report on Donnelley Financial Solutions (DFIN)
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