Northern Trust Corp Has $34.20 Million Stock Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Northern Trust Corp boosted its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 545,203 shares of the company's stock after buying an additional 79,848 shares during the period. Northern Trust Corp owned approximately 1.89% of Donnelley Financial Solutions worth $34,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of DFIN. Choreo LLC acquired a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at about $265,000. Harbor Capital Advisors Inc. bought a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $2,264,000. New York State Common Retirement Fund boosted its stake in Donnelley Financial Solutions by 19.1% during the 4th quarter. New York State Common Retirement Fund now owns 44,987 shares of the company's stock valued at $2,822,000 after purchasing an additional 7,200 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Donnelley Financial Solutions by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock valued at $23,436,000 after purchasing an additional 22,195 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Donnelley Financial Solutions by 0.8% during 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. 93.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gary G. Greenfield acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel Leib sold 25,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on DFIN shares. DA Davidson reiterated a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC reiterated 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 Price Performance

Shares of Donnelley Financial Solutions stock traded down $0.26 during trading on Friday, reaching $54.99. The company's stock had a trading volume of 44,945 shares, compared to its average volume of 220,630. The stock has a 50-day moving average price of $45.37 and a two-hundred day moving average price of $55.06. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. has a one year low of $37.80 and a one year high of $71.01. The stock has a market capitalization of $1.52 billion, a P/E ratio of 17.97 and a beta of 1.04.

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

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).