Bank of New York Mellon Corp Takes Position in Donnelley Financial Solutions $DFIN

Key Points

• Bank of New York Mellon acquired 141,481 Donnelley Financial Solutions shares worth approximately $5.94 million, giving it a 0.58% stake. Institutional investors collectively own 93.84% of DFIN.
• DFIN exceeded quarterly expectations, reporting $1.76 in EPS versus the $1.63 consensus and revenue of $224.2 million, up 2.8% year over year.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $61; a company director also purchased nearly $276,000 of shares.

Bank of New York Mellon Corp bought a new position in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 141,481 shares of the company's stock, valued at approximately $5,935,000. Bank of New York Mellon Corp owned 0.58% of Donnelley Financial Solutions at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DFIN. Blue Trust Inc. lifted its holdings in shares of Donnelley Financial Solutions by 109.4% during the first quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $30,000 after acquiring an additional 336 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Donnelley Financial Solutions during the 4th quarter valued at about $70,000. BNP Paribas Financial Markets boosted its position in 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 buying an additional 1,160 shares in the last quarter. Vestcor Inc bought a new stake in Donnelley Financial Solutions during the third quarter worth about $160,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of 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.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $50.89 on Friday. The stock has a market cap of $1.25 billion, a PE ratio of 35.10 and a beta of 0.71. The stock has a 50-day moving average of $47.68 and a 200-day moving average of $45.90. 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 one year low of $36.11 and a one year high of $57.37.

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

Insider Activity

In other Donnelley Financial Solutions news, Director Joseph Leo Binz purchased 5,780 shares of the company's stock in a transaction dated Wednesday, September 2nd. The shares were bought at an average price of $47.75 per share, with a total value of $275,995.00. Following the completion of the transaction, the director directly owned 24,704 shares in the company, valued at $1,179,616. This trade represents a 30.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DFIN shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Needham & Company LLC lifted their price target on Donnelley Financial Solutions from $57.00 to $60.00 and gave the company a "buy" rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Donnelley Financial Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 27th. Finally, Zacks Research cut shares of Donnelley Financial Solutions from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $61.00.

Donnelley Financial Solutions Company 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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