Cresset Asset Management LLC Has $3.53 Million Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Cresset Asset Management LLC trimmed its position in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 50.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,237 shares of the company's stock after selling 57,090 shares during the quarter. Cresset Asset Management LLC owned about 0.19% of Donnelley Financial Solutions worth $3,528,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Cetera Investment Advisers lifted its position in Donnelley Financial Solutions by 106.3% during the fourth quarter. Cetera Investment Advisers now owns 6,409 shares of the company's stock valued at $402,000 after purchasing an additional 3,303 shares during the last quarter. BOKF NA raised its position in Donnelley Financial Solutions by 7.6% during the fourth quarter. BOKF NA now owns 8,762 shares of the company's stock valued at $510,000 after purchasing an additional 617 shares during the period. Algert Global LLC bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at approximately $1,401,000. Comerica Bank raised its holdings in shares of Donnelley Financial Solutions by 20.9% in the fourth quarter. Comerica Bank now owns 26,178 shares of the company's stock worth $1,642,000 after buying an additional 4,528 shares during the period. Finally, Lido Advisors LLC purchased a new position in Donnelley Financial Solutions during the 4th quarter valued at $260,000. 93.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DFIN shares. DA Davidson restated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Thursday, May 1st.

Donnelley Financial Solutions Trading Down 0.8%

NYSE:DFIN traded down $0.45 on Wednesday, hitting $54.93. The stock had a trading volume of 68,521 shares, compared to its average volume of 220,514. The company has a fifty day moving average price of $45.04 and a two-hundred day moving average price of $55.12. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 17.95 and a beta of 1.04. Donnelley Financial Solutions, Inc. has a 1-year low of $37.80 and a 1-year high of $71.01.

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

Insider Activity

In other 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 transaction, the chief executive officer now directly owns 515,191 shares of the company's stock, valued at $25,831,676.74. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary G. Greenfield bought 1,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the purchase, the director now owns 43,128 shares in the company, valued at approximately $2,108,527.92. This trade represents a 2.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Company 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).