Bank of New York Mellon Corp Cuts Position in Graham Holdings (NYSE:GHC)

Bank of New York Mellon Corp lowered its position in shares of Graham Holdings (NYSE:GHC - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 43,050 shares of the company's stock after selling 1,683 shares during the quarter. Bank of New York Mellon Corp owned about 0.99% of Graham worth $37,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in Graham by 8.4% during the 3rd quarter. Covestor Ltd now owns 155 shares of the company's stock worth $128,000 after acquiring an additional 12 shares during the period. KBC Group NV lifted its position in Graham by 36.5% during the 4th quarter. KBC Group NV now owns 142 shares of the company's stock worth $124,000 after acquiring an additional 38 shares during the period. Principal Securities Inc. lifted its position in Graham by 30.0% during the 4th quarter. Principal Securities Inc. now owns 182 shares of the company's stock worth $159,000 after acquiring an additional 42 shares during the period. Cerity Partners LLC lifted its position in Graham by 9.0% during the 3rd quarter. Cerity Partners LLC now owns 631 shares of the company's stock worth $519,000 after acquiring an additional 52 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in Graham by 558.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company's stock worth $65,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 93.16% of the company's stock.

Graham Stock Performance

Shares of GHC stock traded down $4.67 on Friday, hitting $938.43. The company had a trading volume of 18,298 shares, compared to its average volume of 16,707. The firm has a market cap of $4.07 billion, a P/E ratio of 18.38 and a beta of 1.12. The company has a 50-day moving average price of $920.92 and a 200-day moving average price of $871.54. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. Graham Holdings has a twelve month low of $683.00 and a twelve month high of $993.49.

Remove Ads

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th will be issued a $1.80 dividend. The ex-dividend date is Thursday, April 17th. This represents a $7.20 annualized dividend and a dividend yield of 0.77%. Graham's dividend payout ratio (DPR) is presently 4.37%.

Insider Activity

In other news, CAO Marcel A. Snyman sold 159 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $881.30, for a total value of $140,126.70. Following the completion of the transaction, the chief accounting officer now owns 442 shares of the company's stock, valued at $389,534.60. The trade was a 26.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 20.50% of the company's stock.

Graham Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.