Deutsche Bank AG Acquires New Position in Donnelley Financial Solutions $DFIN

Deutsche Bank AG bought a new position in shares of Donnelley Financial Solutions (NYSE:DFIN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,086 shares of the company’s stock, valued at approximately $1,598,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alberta Investment Management Corp purchased a new position in shares of Donnelley Financial Solutions during the 2nd quarter worth $44,157,000. Simcoe Capital Management LLC grew its position in shares of Donnelley Financial Solutions by 34.0% in the second quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock valued at $63,976,000 after purchasing an additional 263,570 shares during the period. Rice Hall James & Associates LLC increased its stake in Donnelley Financial Solutions by 1.8% in the first quarter. Rice Hall James & Associates LLC now owns 780,037 shares of the company’s stock valued at $36,771,000 after purchasing an additional 14,098 shares during the last quarter. Shapiro Capital Management LLC increased its stake in Donnelley Financial Solutions by 33.1% in the third quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock valued at $36,586,000 after purchasing an additional 176,720 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Donnelley Financial Solutions by 1,842.6% during the second quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after buying an additional 562,144 shares during the period. 93.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on DFIN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a report on Friday, June 12th. Needham & Company LLC increased their price objective on shares of Donnelley Financial Solutions from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 31st. DA Davidson decreased their target price on shares of Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. 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, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Donnelley Financial Solutions Stock Performance

Shares of NYSE:DFIN opened at $48.25 on Friday. The business has a 50-day moving average of $46.80 and a two-hundred day moving average of $45.66. The firm has a market capitalization of $1.19 billion, a PE ratio of 33.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.33. Donnelley Financial Solutions has a 12 month low of $36.11 and a 12 month high of $57.37.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. Donnelley Financial Solutions had a return on equity of 25.82% and a net margin of 4.53%.The business had revenue of $224.20 million for the quarter, compared to analyst estimates of $221.40 million. During the same period in the previous year, the company posted $1.49 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts forecast that Donnelley Financial Solutions will post 4.41 earnings per share for the current year.

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.