Donnelley Financial Solutions Inc. (DFIN) Stake Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lifted its holdings in Donnelley Financial Solutions Inc. (NYSE:DFIN) by 45.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,324 shares of the company’s stock after purchasing an additional 168,498 shares during the quarter. Dimensional Fund Advisors LP owned about 1.66% of Donnelley Financial Solutions worth $12,429,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Municipal Employees Retirement System of Michigan lifted its position in Donnelley Financial Solutions by 3.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,200 shares of the company’s stock worth $142,000 after acquiring an additional 190 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $245,000. UBS Asset Management Americas Inc. acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $259,000. Nationwide Fund Advisors acquired a new stake in Donnelley Financial Solutions during the 2nd quarter worth about $348,000. Finally, Arizona State Retirement System lifted its position in Donnelley Financial Solutions by 26.8% during the 2nd quarter. Arizona State Retirement System now owns 17,200 shares of the company’s stock worth $395,000 after acquiring an additional 3,638 shares during the period. 84.68% of the stock is owned by hedge funds and other institutional investors.
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Donnelley Financial Solutions Inc. (NYSE DFIN) opened at $19.66 on Wednesday. The stock has a market capitalization of $638.61, a PE ratio of 13.35, a PEG ratio of 7.26 and a beta of 3.17. The company has a quick ratio of 1.44, a current ratio of 1.57 and a debt-to-equity ratio of 2.81. Donnelley Financial Solutions Inc. has a fifty-two week low of $18.03 and a fifty-two week high of $27.08.
DFIN has been the subject of a number of research reports. Zacks Investment Research cut Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BidaskClub raised Donnelley Financial Solutions from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co initiated coverage on Donnelley Financial Solutions in a research report on Tuesday, August 15th. They set a “neutral” rating and a $24.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Donnelley Financial Solutions presently has a consensus rating of “Hold” and an average price target of $24.33.
Donnelley Financial Solutions Company Profile
Donnelley Financial Solutions, Inc is a financial communications services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers), and global investment markets compliance and analytics needs for mutual fund companies, variable annuity providers and broker/dealers.
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