Fifth Third Bancorp Has $1.02 Million Stock Position in Donnelley Financial Solutions $DFIN

Fifth Third Bancorp increased its stake in Donnelley Financial Solutions (NYSE:DFIN) by 13,834.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,738 shares of the company’s stock after purchasing an additional 21,582 shares during the period. Fifth Third Bancorp’s holdings in Donnelley Financial Solutions were worth $1,025,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Simcoe Capital Management LLC grew its stake in Donnelley Financial Solutions by 34.0% during the second quarter. Simcoe Capital Management LLC now owns 1,037,735 shares of the company’s stock worth $63,976,000 after buying an additional 263,570 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Donnelley Financial Solutions by 151.3% in the 4th quarter. Alberta Investment Management Corp now owns 879,600 shares of the company’s stock valued at $41,069,000 after buying an additional 529,600 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of Donnelley Financial Solutions by 0.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 765,939 shares of the company’s stock valued at $35,762,000 after buying an additional 6,871 shares in the last quarter. Shapiro Capital Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 33.1% during the 3rd quarter. Shapiro Capital Management LLC now owns 711,366 shares of the company’s stock worth $36,586,000 after acquiring an additional 176,720 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Donnelley Financial Solutions by 1,842.6% during the 2nd quarter. Alliancebernstein L.P. now owns 592,653 shares of the company’s stock worth $36,537,000 after acquiring an additional 562,144 shares during the period. Institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DFIN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Friday, June 12th. DA Davidson cut their target price on Donnelley Financial Solutions from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Wall Street Zen downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $59.50.

Donnelley Financial Solutions Stock Up 4.1%

Shares of NYSE:DFIN opened at $48.21 on Friday. Donnelley Financial Solutions has a 52-week low of $36.11 and a 52-week high of $65.78. The company has a market capitalization of $1.20 billion, a PE ratio of 37.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.41 and a current ratio of 1.41. The company has a fifty day moving average of $41.99 and a 200-day moving average of $46.23.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.10. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $204.80 million. Donnelley Financial Solutions had a return on equity of 24.80% and a net margin of 4.52%.Donnelley Financial Solutions’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.24 EPS. On average, equities analysts predict that Donnelley Financial Solutions will post 4.46 EPS for the current fiscal year.

About Donnelley Financial Solutions

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.