TIAA CREF Investment Management LLC lowered its stake in shares of Donnelley Financial Solutions Inc (NASDAQ:DFIN) by 40.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 70,883 shares of the company’s stock after selling 48,838 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.22% of Donnelley Financial Solutions worth $1,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Alliancebernstein L.P. lifted its stake in Donnelley Financial Solutions by 106.3% during the 2nd quarter. Alliancebernstein L.P. now owns 37,197 shares of the company’s stock valued at $854,000 after acquiring an additional 19,168 shares during the period. Engineers Gate Manager LP bought a new position in Donnelley Financial Solutions during the 2nd quarter valued at about $1,669,000. Schroder Investment Management Group lifted its stake in Donnelley Financial Solutions by 25.3% during the 2nd quarter. Schroder Investment Management Group now owns 887,375 shares of the company’s stock valued at $20,649,000 after acquiring an additional 179,101 shares during the period. Kennedy Capital Management Inc. bought a new position in Donnelley Financial Solutions during the 2nd quarter valued at about $7,597,000. Finally, Vivaldi Asset Management LLC bought a new position in Donnelley Financial Solutions during the 2nd quarter valued at about $6,981,000.

Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of Donnelley Financial Solutions from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. J P Morgan Chase & Co assumed coverage on shares of Donnelley Financial Solutions in a research note on Tuesday, August 15th. They set a “neutral” rating and a $24.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.33.

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Shares of Donnelley Financial Solutions Inc (NASDAQ DFIN) opened at $19.39 on Friday. Donnelley Financial Solutions Inc has a 52-week low of $18.02 and a 52-week high of $27.08.

Donnelley Financial Solutions (NASDAQ:DFIN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.06). Donnelley Financial Solutions had a net margin of 6.48% and a return on equity of 51.81%. The business had revenue of $290.20 million for the quarter, compared to analysts’ expectations of $294.70 million. The firm’s quarterly revenue was down 2.6% on a year-over-year basis.

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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Institutional Ownership by Quarter for Donnelley Financial Solutions (NASDAQ:DFIN)

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