Bank of New York Mellon Corp raised its stake in Quad/Graphics, Inc. (NYSE:QUAD) by 16.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 619,104 shares of the business services provider’s stock after purchasing an additional 87,938 shares during the period. Bank of New York Mellon Corp owned 1.20% of Quad/Graphics worth $12,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of QUAD. Sun Life Financial INC purchased a new stake in shares of Quad/Graphics during the second quarter worth about $183,000. SG Americas Securities LLC grew its stake in shares of Quad/Graphics by 48.3% during the second quarter. SG Americas Securities LLC now owns 9,265 shares of the business services provider’s stock worth $193,000 after acquiring an additional 3,019 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Quad/Graphics during the second quarter worth about $329,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Quad/Graphics during the second quarter worth about $400,000. Finally, Zebra Capital Management LLC grew its stake in shares of Quad/Graphics by 168.6% during the second quarter. Zebra Capital Management LLC now owns 25,951 shares of the business services provider’s stock worth $541,000 after acquiring an additional 16,291 shares during the last quarter. Institutional investors own 52.99% of the company’s stock.

Quad/Graphics stock opened at $14.51 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.27 and a quick ratio of 0.81. Quad/Graphics, Inc. has a 52 week low of $14.40 and a 52 week high of $31.29. The stock has a market cap of $798.83 million, a P/E ratio of 8.06 and a beta of 1.50.

Quad/Graphics (NYSE:QUAD) last released its earnings results on Wednesday, October 31st. The business services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). Quad/Graphics had a return on equity of 18.09% and a net margin of 2.03%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Quad/Graphics, Inc. will post 1.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Monday, November 19th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date was Friday, November 16th. Quad/Graphics’s dividend payout ratio (DPR) is 66.67%.

QUAD has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Quad/Graphics from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, August 22nd. ValuEngine downgraded Quad/Graphics from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Buckingham Research lifted their target price on Quad/Graphics from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, November 1st. Finally, Sanford C. Bernstein downgraded Quad/Graphics from an “outperform” rating to a “market perform” rating in a report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $28.50.

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Quad/Graphics Company Profile

Quad/Graphics, Inc provides print and marketing services in the United States, Europe, Latin America, and internationally. It operates through United States Print and Related Services, and International segments. The company offers printing services, including retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products; and paper procurement services.

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Institutional Ownership by Quarter for Quad/Graphics (NYSE:QUAD)

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