SG Americas Securities LLC Invests $641,000 in Donnelley Financial Solutions $DFIN

SG Americas Securities LLC bought a new position in shares of Donnelley Financial Solutions (NYSE:DFIN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,469 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its stake in Donnelley Financial Solutions by 1,107.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock valued at $31,000 after buying an additional 465 shares in the last quarter. CWM LLC raised its holdings in shares of Donnelley Financial Solutions by 53.7% during the second quarter. CWM LLC now owns 690 shares of the company’s stock valued at $43,000 after acquiring an additional 241 shares during the period. Huntington National Bank lifted its position in shares of Donnelley Financial Solutions by 48.5% in the 2nd quarter. Huntington National Bank now owns 1,584 shares of the company’s stock valued at $98,000 after acquiring an additional 517 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Donnelley Financial Solutions by 64.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock worth $183,000 after purchasing an additional 1,160 shares during the period. Finally, Mutual of America Capital Management LLC acquired a new position in Donnelley Financial Solutions in the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DFIN. CJS Securities raised shares of Donnelley Financial Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. DA Davidson set a $66.00 price target on Donnelley Financial Solutions in a research report on Thursday, January 8th. Needham & Company LLC restated a “buy” rating and set a $57.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Zacks Research cut Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. Finally, Wall Street Zen lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.50.

Donnelley Financial Solutions Stock Performance

Shares of DFIN stock opened at $54.88 on Friday. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $69.93. The stock’s 50-day moving average is $48.22 and its two-hundred day moving average is $52.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $1.46 billion, a P/E ratio of 52.26 and a beta of 0.90.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.86 earnings per share (EPS) 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 analyst estimates of $169.70 million. Donnelley Financial Solutions had a return on equity of 22.46% and a net margin of 4.33%.The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS.

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.