Russell Investments Group Ltd. Increases Stake in Donnelley Financial Solutions $DFIN

Russell Investments Group Ltd. increased its position in shares of Donnelley Financial Solutions (NYSE:DFIN) by 46.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,000 shares of the company’s stock after buying an additional 11,176 shares during the period. Russell Investments Group Ltd. owned about 0.13% of Donnelley Financial Solutions worth $2,158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DFIN. Caitong International Asset Management Co. Ltd grew its holdings in Donnelley Financial Solutions by 1,107.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 465 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Donnelley Financial Solutions during the 1st quarter worth $43,000. CWM LLC grew its stake in shares of Donnelley Financial Solutions by 53.7% during 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. SVB Wealth LLC acquired a new position in shares of Donnelley Financial Solutions during the first quarter worth $49,000. Finally, Huntington National Bank increased its holdings in Donnelley Financial Solutions by 48.5% in the second quarter. Huntington National Bank now owns 1,584 shares of the company’s stock valued at $98,000 after buying an additional 517 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

Donnelley Financial Solutions Trading Up 0.5%

NYSE:DFIN opened at $45.96 on Wednesday. The company has a market capitalization of $1.22 billion, a PE ratio of 43.77 and a beta of 0.90. Donnelley Financial Solutions has a 52-week low of $37.80 and a 52-week high of $69.93. The stock’s 50 day moving average price is $49.00 and its 200 day moving average price is $54.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.35.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.29. The business had revenue of $175.30 million during the quarter, compared to the consensus estimate of $169.70 million. Donnelley Financial Solutions had a return on equity of 22.46% and a net margin of 4.33%.The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share.

Analyst Ratings Changes

DFIN has been the subject of several analyst reports. DA Davidson set a $70.00 price objective on Donnelley Financial Solutions in a research report on Friday, October 24th. Needham & Company LLC decreased their target price on Donnelley Financial Solutions from $72.00 to $57.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 1st. Finally, Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Donnelley Financial Solutions has an average rating of “Moderate Buy” and an average price target of $63.50.

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).