38,086 Shares in Donnelley Financial Solutions $DFIN Bought by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 38,086 shares of Donnelley Financial Solutions during the second quarter, worth approximately $1.6 million and representing about 0.15% of the company. Institutional investors collectively own 93.84% of DFIN.
• Analyst sentiment remains positive but mixed: DFIN has a consensus rating of “Moderate Buy” and an average price target of $61, with recent targets ranging from $57 to $62.
• DFIN reported quarterly earnings of $1.76 per share, beating estimates of $1.63, while revenue rose 2.8% year over year to $224.2 million. Shares opened at $48.25, near their 50-day and 200-day moving averages.

Deutsche Bank AG acquired a new position in Donnelley Financial Solutions (NYSE:DFIN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,086 shares of the company's stock, valued at approximately $1,598,000. Deutsche Bank AG owned approximately 0.15% of Donnelley Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Donnelley Financial Solutions by 109.4% during the 1st quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $30,000 after purchasing an additional 336 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Donnelley Financial Solutions in the fourth quarter valued at about $70,000. BNP Paribas Financial Markets lifted its stake in shares of Donnelley Financial Solutions by 64.0% in the second quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company's stock valued at $183,000 after purchasing an additional 1,160 shares during the period. Vestcor Inc purchased a new stake in Donnelley Financial Solutions during the third quarter worth about $160,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Donnelley Financial Solutions by 130.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,458 shares of the company's stock worth $213,000 after buying an additional 1,955 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DFIN. Needham & Company LLC lifted their price target on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Weiss Ratings restated a "hold (c-)" rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. DA Davidson dropped their price objective on Donnelley Financial Solutions from $66.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, May 6th. Zacks Research cut Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.00.

Donnelley Financial Solutions Trading Up 0.6%

Shares of Donnelley Financial Solutions stock opened at $48.25 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $57.37. The company has a market capitalization of $1.19 billion, a P/E ratio of 33.28 and a beta of 0.71. The business has a 50 day moving average price of $46.80 and a 200 day moving average price of $45.66.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The firm had revenue of $224.20 million for the quarter, compared to analysts' expectations of $221.40 million. During the same quarter in the prior year, the firm earned $1.49 EPS. Donnelley Financial Solutions's quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts anticipate that Donnelley Financial Solutions will post 4.41 EPS for the current fiscal year.

Donnelley Financial Solutions Profile

Donnelley Financial Solutions NYSE: DFIN offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN's flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.

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