Norges Bank Invests $8.16 Million in Graham Holdings (NYSE:GHC)

Norges Bank acquired a new position in shares of Graham Holdings (NYSE:GHC - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,355 shares of the company's stock, valued at approximately $8,157,000. Norges Bank owned about 0.22% of Graham at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Separately, StockNews.com upgraded Graham from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 29th.

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Graham Trading Up 1.4 %

NYSE:GHC traded up $12.34 on Monday, hitting $922.39. The stock had a trading volume of 1,626 shares, compared to its average volume of 16,906. The company has a fifty day moving average price of $943.42 and a two-hundred day moving average price of $902.71. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 17.96 and a beta of 0.92. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,003.53.

Graham Dividend Announcement

The company 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 of this dividend is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.78%. Graham's payout ratio is 4.37%.

About Graham

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.