Prudential Financial Inc. Purchases 94,916 Shares of RR Donnelley & Sons Co (RRD)

Prudential Financial Inc. boosted its position in RR Donnelley & Sons Co (NYSE:RRD) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 701,815 shares of the business services provider’s stock after buying an additional 94,916 shares during the quarter. Prudential Financial Inc. owned approximately 1.00% of RR Donnelley & Sons worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in shares of RR Donnelley & Sons by 52.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 4,000 shares in the last quarter. Arizona State Retirement System grew its position in shares of RR Donnelley & Sons by 6.0% in the fourth quarter. Arizona State Retirement System now owns 108,415 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 6,119 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of RR Donnelley & Sons by 343.7% in the fourth quarter. Meeder Asset Management Inc. now owns 15,134 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 11,723 shares in the last quarter. MetLife Investment Advisors LLC grew its position in shares of RR Donnelley & Sons by 43.8% in the third quarter. MetLife Investment Advisors LLC now owns 48,558 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 14,788 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of RR Donnelley & Sons by 13.0% in the third quarter. Wells Fargo & Company MN now owns 129,570 shares of the business services provider’s stock valued at $699,000 after purchasing an additional 14,899 shares in the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut RR Donnelley & Sons from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th.

NYSE:RRD opened at $4.95 on Friday. The firm has a market cap of $347.29 million, a P/E ratio of 7.07 and a beta of 1.46. RR Donnelley & Sons Co has a 52-week low of $3.49 and a 52-week high of $9.56.

RR Donnelley & Sons (NYSE:RRD) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. RR Donnelley & Sons had a negative net margin of 0.16% and a negative return on equity of 22.03%. RR Donnelley & Sons’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. On average, equities analysts expect that RR Donnelley & Sons Co will post 0.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, February 14th. RR Donnelley & Sons’s dividend payout ratio is 17.14%.

COPYRIGHT VIOLATION NOTICE: “Prudential Financial Inc. Purchases 94,916 Shares of RR Donnelley & Sons Co (RRD)” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2019/03/17/prudential-financial-inc-purchases-94916-shares-of-rr-donnelley-sons-co-rrd.html.

RR Donnelley & Sons Profile

R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.

Read More: No Load Funds

Institutional Ownership by Quarter for RR Donnelley & Sons (NYSE:RRD)

Receive News & Ratings for RR Donnelley & Sons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RR Donnelley & Sons and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply