BlackRock Amends Quad/Graphics Stake as of Dec 31, 2023
Ticker: QUAD · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1481792
| Field | Detail |
|---|---|
| Company | Quad/Graphics, Inc. (QUAD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still holds a big chunk of Quad/Graphics, signaling institutional confidence.**
AI Summary
BlackRock Inc. has updated its ownership stake in Quad/Graphics, Inc. (NYSE: QUAD) as of December 31, 2023. This SC 13G/A filing, an amendment to a previous filing, indicates that BlackRock continues to hold a significant position in the commercial printing company. This matters to investors because BlackRock is a major institutional investor, and their continued substantial holding can signal confidence in Quad/Graphics' long-term prospects, potentially influencing other investors' perceptions of the stock.
Why It Matters
BlackRock's continued significant ownership in Quad/Graphics, Inc. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative or positive financial risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in Quad/Graphics, which can be a factor in assessing institutional confidence, but this filing alone doesn't warrant immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Quad/Graphics, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- 747301109 (number) — the CUSIP number for Quad/Graphics Class A Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating an update to a previously reported beneficial ownership stake.
Who is the reporting person in this SC 13G/A filing?
The reporting person in this filing is BlackRock Inc., a major institutional investment manager.
What is the subject company whose securities are being reported on?
The subject company is Quad/Graphics, Inc., identified by the CIK 0001481792 and CUSIP 747301109 for its Class A Common Stock.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule of the Securities Exchange Act of 1934 is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Quad/Graphics, Inc. (QUAD).