SG Americas Securities LLC raised its holdings in shares of Quad/Graphics, Inc. (NYSE:QUAD – Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,851 shares of the business services provider’s stock after buying an additional 1,922 shares during the period. SG Americas Securities LLC’s holdings in Quad/Graphics were worth $97,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its stake in Quad/Graphics by 3.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 232,999 shares of the business services provider’s stock worth $1,058,000 after purchasing an additional 7,914 shares during the period. PFG Investments LLC raised its holdings in Quad/Graphics by 17.3% in the 3rd quarter. PFG Investments LLC now owns 61,253 shares of the business services provider’s stock worth $278,000 after acquiring an additional 9,025 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Quad/Graphics by 125.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 72,538 shares of the business services provider’s stock worth $329,000 after acquiring an additional 40,363 shares during the period. Empowered Funds LLC raised its position in shares of Quad/Graphics by 5.4% during the third quarter. Empowered Funds LLC now owns 279,486 shares of the business services provider’s stock valued at $1,269,000 after buying an additional 14,204 shares during the last quarter. Finally, 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 valued at $100,000 after buying an additional 20,218 shares during the last quarter. 39.52% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Quad/Graphics from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Quad/Graphics in a research note on Tuesday, November 26th. Finally, Rosenblatt Securities increased their price target on shares of Quad/Graphics from $7.70 to $10.30 and gave the company a “buy” rating in a research note on Monday, November 25th.
Quad/Graphics Stock Up 16.0 %
Quad/Graphics stock opened at $7.84 on Friday. The company has a market cap of $408.73 million, a P/E ratio of -4.75 and a beta of 1.57. Quad/Graphics, Inc. has a 1-year low of $4.06 and a 1-year high of $9.13. The company has a fifty day simple moving average of $7.17 and a 200 day simple moving average of $6.07. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35.
Quad/Graphics Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.83%. This is an increase from Quad/Graphics’s previous quarterly dividend of $0.05. Quad/Graphics’s dividend payout ratio (DPR) is -12.12%.
About Quad/Graphics
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.
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