JPMorgan Chase & Co. Acquires 66,111 Shares of Quad/Graphics, Inc. (NYSE:QUAD)

JPMorgan Chase & Co. grew its stake in Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 467.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,250 shares of the business services provider's stock after purchasing an additional 66,111 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Quad/Graphics worth $559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Quad/Graphics by 171.3% during the fourth quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider's stock worth $2,046,000 after acquiring an additional 185,344 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Quad/Graphics in the 4th quarter worth approximately $1,150,000. HighTower Advisors LLC bought a new position in Quad/Graphics during the 4th quarter valued at approximately $847,000. Jane Street Group LLC raised its stake in Quad/Graphics by 96.4% during the third quarter. Jane Street Group LLC now owns 85,111 shares of the business services provider's stock valued at $386,000 after buying an additional 41,786 shares during the last quarter. Finally, Bailard Inc. bought a new stake in Quad/Graphics in the fourth quarter worth $253,000. 39.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QUAD has been the subject of several recent analyst reports. StockNews.com raised Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 2nd. Barrington Research reiterated an "outperform" rating and issued a $10.00 target price on shares of Quad/Graphics in a research note on Friday. Finally, Rosenblatt Securities reduced their price target on shares of Quad/Graphics from $10.30 to $8.90 and set a "buy" rating for the company in a research report on Thursday.

Quad/Graphics Stock Performance

NYSE:QUAD traded up $0.42 during mid-day trading on Friday, reaching $5.22. The company's stock had a trading volume of 775,645 shares, compared to its average volume of 241,666. The firm's fifty day moving average price is $5.37 and its two-hundred day moving average price is $6.43. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35. The stock has a market cap of $273.26 million, a P/E ratio of -4.79 and a beta of 1.30. Quad/Graphics, Inc. has a 12-month low of $4.06 and a 12-month high of $9.13.

Quad/Graphics (NYSE:QUAD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.13. Quad/Graphics had a negative net margin of 1.90% and a positive return on equity of 58.44%. The company had revenue of $629.40 million for the quarter, compared to the consensus estimate of $588.05 million. On average, equities analysts forecast that Quad/Graphics, Inc. will post 1.08 EPS for the current fiscal year.

Quad/Graphics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Thursday, May 22nd. Quad/Graphics's dividend payout ratio is -78.95%.

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.