Legal & General Group Plc Makes New $2.34 Million Investment in Donnelley Financial Solutions $DFIN

Legal & General Group Plc acquired a new position in Donnelley Financial Solutions (NYSE:DFIN) in the second quarter, HoldingsChannel reports. The institutional investor acquired 55,771 shares of the company’s stock, valued at approximately $2,340,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DFIN. Blue Trust Inc. lifted its stake in shares of Donnelley Financial Solutions by 109.4% during the 1st quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $30,000 after buying an additional 336 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in Donnelley Financial Solutions in the 2nd quarter worth $29,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Donnelley Financial Solutions during the fourth quarter valued at about $70,000. BNP Paribas Financial Markets lifted its position in shares of Donnelley Financial Solutions by 64.0% in the second quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock valued at $183,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Vestcor Inc purchased a new position in shares of Donnelley Financial Solutions in the third quarter valued at about $160,000. 93.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Joseph Leo Binz acquired 15,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were acquired at an average price of $48.27 per share, for a total transaction of $724,050.00. Following the completion of the transaction, the director directly owned 18,924 shares of the company’s stock, valued at approximately $913,461.48. The trade was a 382.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is owned by company insiders.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $50.89 on Friday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 35.10 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. The business has a 50 day simple moving average of $47.68 and a 200-day simple moving average of $45.90. Donnelley Financial Solutions has a 1 year low of $36.11 and a 1 year high of $57.37.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results 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 firm had revenue of $224.20 million for the quarter, compared to the consensus estimate of $221.40 million. During the same quarter in the previous year, the company posted $1.49 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts forecast that Donnelley Financial Solutions will post 4.41 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on DFIN. Wall Street Zen cut Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 27th. Zacks Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Donnelley Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Finally, Needham & Company LLC boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Donnelley Financial Solutions 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.