Bank of New York Mellon Corp Has $4 Million Stake in RR Donnelley & Sons Co (RRD)

Bank of New York Mellon Corp reduced its stake in RR Donnelley & Sons Co (NYSE:RRD) by 35.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,011,071 shares of the business services provider’s stock after selling 552,940 shares during the quarter. Bank of New York Mellon Corp’s holdings in RR Donnelley & Sons were worth $4,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RRD. Oregon Public Employees Retirement Fund acquired a new position in shares of RR Donnelley & Sons in the 4th quarter worth approximately $27,000. Nisa Investment Advisors LLC boosted its holdings in shares of RR Donnelley & Sons by 52.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the business services provider’s stock worth $46,000 after acquiring an additional 4,000 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of RR Donnelley & Sons by 22.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,053 shares of the business services provider’s stock worth $48,000 after acquiring an additional 2,218 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of RR Donnelley & Sons by 343.7% in the 4th quarter. Meeder Asset Management Inc. now owns 15,134 shares of the business services provider’s stock worth $60,000 after acquiring an additional 11,723 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of RR Donnelley & Sons by 154.7% in the 4th quarter. SG Americas Securities LLC now owns 41,547 shares of the business services provider’s stock worth $165,000 after acquiring an additional 25,235 shares in the last quarter. 87.81% of the stock is currently owned by institutional investors and hedge funds.

NYSE:RRD opened at $4.45 on Wednesday. RR Donnelley & Sons Co has a 52-week low of $3.49 and a 52-week high of $9.56. The firm has a market cap of $313.77 million, a price-to-earnings ratio of 6.36 and a beta of 1.44.

RR Donnelley & Sons (NYSE:RRD) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter. RR Donnelley & Sons had a negative return on equity of 22.03% and a negative net margin of 0.16%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities analysts expect that RR Donnelley & Sons Co will post 0.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.70%. The ex-dividend date is Tuesday, May 14th. RR Donnelley & Sons’s dividend payout ratio is 17.14%.

Separately, Zacks Investment Research raised RR Donnelley & Sons from a “strong sell” rating to a “hold” rating in a report on Thursday, March 7th.

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RR Donnelley & Sons Company Profile

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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Institutional Ownership by Quarter for RR Donnelley & Sons (NYSE:RRD)

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