Cresset Asset Management LLC Trims Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Cresset Asset Management LLC decreased its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 50.4% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 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 added to or reduced their stakes in the stock. Choreo LLC purchased a new stake in Donnelley Financial Solutions in the 4th quarter valued at about $265,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $2,264,000. New York State Common Retirement Fund lifted its holdings in Donnelley Financial Solutions by 19.1% during the fourth quarter. New York State Common Retirement Fund now owns 44,987 shares of the company's stock worth $2,822,000 after acquiring an additional 7,200 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Donnelley Financial Solutions by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock worth $23,436,000 after purchasing an additional 22,195 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Donnelley Financial Solutions by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 175,782 shares of the company's stock valued at $11,027,000 after purchasing an additional 1,350 shares during the period. Institutional investors and hedge funds own 93.84% of the company's stock.

Analysts Set New Price Targets

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

Donnelley Financial Solutions Stock Performance

NYSE:DFIN traded up $0.56 during trading hours on Tuesday, reaching $55.36. The stock had a trading volume of 223,680 shares, compared to its average volume of 221,251. The stock has a market cap of $1.53 billion, a P/E ratio of 18.09 and a beta of 1.04. The stock has a 50 day simple moving average of $44.85 and a 200 day simple moving average of $55.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. Donnelley Financial Solutions, Inc. has a 12-month low of $37.80 and a 12-month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.47 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS.

Insider Activity

In related news, CEO Daniel Leib sold 25,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary G. Greenfield bought 1,000 shares of the firm's stock in a transaction that occurred 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 acquisition, the director now directly owns 43,128 shares in the company, valued at $2,108,527.92. This trade represents a 2.37% increase in their position. The disclosure for this purchase can be found here. 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).