State Street Corp increased its holdings in Quad Graphics, Inc (NYSE:QUAD) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 754,353 shares of the business services provider’s stock after acquiring an additional 31,758 shares during the quarter. State Street Corp owned about 1.45% of Quad Graphics worth $17,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in shares of Quad Graphics by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 29,070 shares of the business services provider’s stock worth $654,000 after acquiring an additional 210 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Quad Graphics by 4.4% in the 2nd quarter. HighTower Advisors LLC now owns 10,444 shares of the business services provider’s stock worth $241,000 after acquiring an additional 444 shares in the last quarter. Strs Ohio increased its stake in shares of Quad Graphics by 2.4% in the 2nd quarter. Strs Ohio now owns 34,200 shares of the business services provider’s stock worth $783,000 after acquiring an additional 800 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Quad Graphics by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 7,852 shares of the business services provider’s stock worth $180,000 after acquiring an additional 809 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Quad Graphics by 17.5% in the 2nd quarter. Creative Planning now owns 6,715 shares of the business services provider’s stock worth $154,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 50.57% of the company’s stock.

QUAD has been the subject of several research reports. TheStreet upgraded shares of Quad Graphics from a “c” rating to a “b-” rating in a research note on Tuesday, October 31st. BidaskClub upgraded shares of Quad Graphics from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th.

Quad Graphics, Inc (NYSE QUAD) opened at $21.74 on Monday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.24 and a quick ratio of 0.82. The stock has a market cap of $1,127.00, a PE ratio of 11.15 and a beta of 1.51. Quad Graphics, Inc has a 12 month low of $18.16 and a 12 month high of $29.04.

Quad Graphics (NYSE:QUAD) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Quad Graphics had a net margin of 2.15% and a return on equity of 21.87%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.48 EPS. Quad Graphics’s revenue for the quarter was down 4.8% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend is Friday, November 17th. Quad Graphics’s dividend payout ratio (DPR) is 69.36%.

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About Quad Graphics

Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes 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 global paper procurement.

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

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