Bank of New York Mellon Corp Buys 185,344 Shares of Quad/Graphics, Inc. (NYSE:QUAD)

Bank of New York Mellon Corp grew its holdings in Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 171.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 293,552 shares of the business services provider's stock after purchasing an additional 185,344 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.56% of Quad/Graphics worth $2,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QUAD. SG Americas Securities LLC lifted its holdings in Quad/Graphics by 16.1% during the fourth quarter. SG Americas Securities LLC now owns 13,851 shares of the business services provider's stock worth $97,000 after acquiring an additional 1,922 shares in the last quarter. FMR LLC raised its position in shares of Quad/Graphics by 1,103.6% during the third quarter. FMR LLC now owns 22,050 shares of the business services provider's stock worth $100,000 after purchasing an additional 20,218 shares during the period. Stifel Financial Corp grew its position in shares of Quad/Graphics by 61.9% in the 3rd quarter. Stifel Financial Corp now owns 31,060 shares of the business services provider's stock valued at $141,000 after purchasing an additional 11,874 shares during the period. EMC Capital Management increased its stake in Quad/Graphics by 835.7% during the 4th quarter. EMC Capital Management now owns 25,020 shares of the business services provider's stock worth $174,000 after purchasing an additional 22,346 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Quad/Graphics by 323.3% during the third quarter. Barclays PLC now owns 42,763 shares of the business services provider's stock worth $195,000 after acquiring an additional 32,661 shares in the last quarter. Institutional investors own 39.52% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently issued reports on QUAD. Rosenblatt Securities reaffirmed a "buy" rating and issued a $10.30 target price on shares of Quad/Graphics in a research report on Tuesday, February 18th. StockNews.com upgraded Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 20th. Finally, Barrington Research restated an "outperform" rating and set a $10.00 target price on shares of Quad/Graphics in a research report on Friday, February 21st.

Quad/Graphics Trading Down 1.3 %

QUAD traded down $0.07 during midday trading on Tuesday, hitting $5.47. 149,057 shares of the company were exchanged, compared to its average volume of 218,176. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 8.35. Quad/Graphics, Inc. has a 1-year low of $4.06 and a 1-year high of $9.13. The firm's 50 day moving average price is $6.46 and its 200-day moving average price is $6.38. The firm has a market capitalization of $286.34 million, a P/E ratio of -5.02 and a beta of 1.76.

Quad/Graphics (NYSE:QUAD - Get Free Report) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). The business had revenue of $708.40 million for the quarter, compared to analyst estimates of $726.70 million. Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. As a group, equities analysts forecast that Quad/Graphics, Inc. will post 1.08 EPS for the current fiscal year.

Quad/Graphics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.075 per share. This is an increase from Quad/Graphics's previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 5.48%. Quad/Graphics's payout ratio is currently -27.52%.

Quad/Graphics Profile

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