Legal & General Group Plc Cuts Holdings in Graham Holdings (NYSE:GHC)

Legal & General Group Plc lowered its holdings in Graham Holdings (NYSE:GHC - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,723 shares of the company's stock after selling 360 shares during the period. Legal & General Group Plc owned about 0.13% of Graham worth $4,990,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Graham by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock valued at $27,000 after acquiring an additional 11 shares during the period. KBC Group NV increased its stake in Graham by 36.5% in 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 last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Graham by 44.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock valued at $126,000 after acquiring an additional 44 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Graham by 30.0% during the fourth quarter. Principal Securities Inc. now owns 182 shares of the company's stock worth $159,000 after purchasing an additional 42 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in Graham in the third quarter valued at approximately $203,000. Institutional investors own 93.16% of the company's stock.

Graham Trading Down 0.3 %

GHC stock traded down $2.92 during midday trading on Thursday, hitting $918.19. The company had a trading volume of 34,506 shares, compared to its average volume of 17,347. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 17.98 and a beta of 0.92. Graham Holdings has a 52 week low of $683.00 and a 52 week high of $1,003.53. The stock's 50 day moving average price is $937.52 and its 200 day moving average price is $906.97. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18.

Graham Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders 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 yield of 0.78%. Graham's dividend payout ratio (DPR) is presently 4.37%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Graham from a "strong-buy" rating to a "buy" rating in a research report on Wednesday.

Graham Company 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.