Vanguard Group Inc. Raises Stake in Donnelley Financial Solutions $DFIN

Key Points

• Vanguard Group raised its stake in Donnelley Financial Solutions by 2.7% in Q3 to 1,867,233 shares, representing 7.04% of the company and about $96.0 million.
• DFIN beat expectations in the latest quarter with EPS of $0.70 versus $0.40 expected and revenue of $172.5M (up 10.4% year-over-year), indicating solid operational momentum.
• Analyst sentiment is positive with a consensus "Buy" rating and a consensus target price of $61.50; the stock has a market cap of $1.36B and a P/E of about 49.5.

Vanguard Group Inc. increased its stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,867,233 shares of the company's stock after buying an additional 49,875 shares during the period. Vanguard Group Inc. owned 7.04% of Donnelley Financial Solutions worth $96,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DFIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Donnelley Financial Solutions by 13.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,683 shares of the company's stock valued at $729,000 after buying an additional 2,005 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Donnelley Financial Solutions by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,954 shares of the company's stock valued at $4,456,000 after acquiring an additional 1,674 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Donnelley Financial Solutions in the first quarter valued at approximately $2,698,000. Intech Investment Management LLC boosted its holdings in shares of Donnelley Financial Solutions by 34.4% in the first quarter. Intech Investment Management LLC now owns 26,290 shares of the company's stock valued at $1,149,000 after purchasing an additional 6,734 shares during the period. Finally, CWM LLC grew its stake in Donnelley Financial Solutions by 53.7% in the second quarter. CWM LLC now owns 690 shares of the company's stock worth $43,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 93.84% of the company's stock.

Donnelley Financial Solutions Trading Down 0.0%

Shares of NYSE DFIN opened at $52.95 on Friday. Donnelley Financial Solutions has a 1-year low of $37.07 and a 1-year high of $66.25. The business has a fifty day moving average price of $49.32 and a 200 day moving average price of $50.06. The stock has a market capitalization of $1.36 billion, a P/E ratio of 49.49 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its earnings results on Tuesday, February 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.30. The company had revenue of $172.50 million for the quarter, compared to analyst estimates of $155.27 million. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DFIN. Zacks Research raised Donnelley Financial Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. Needham & Company LLC restated a "buy" rating and set a $57.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, January 14th. DA Davidson restated a "buy" rating and issued a $66.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday, February 18th. CJS Securities raised shares of Donnelley Financial Solutions to a "strong-buy" rating in a research note on Thursday, December 11th. Finally, Wall Street Zen raised shares of Donnelley Financial Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $61.50.

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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