Virtu Financial LLC bought a new stake in Graham Holdings (NYSE:GHC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 570 shares of the company's stock, valued at approximately $496,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Graham in the 4th quarter valued at approximately $26,773,000. JPMorgan Chase & Co. raised its position in Graham by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company's stock valued at $17,361,000 after purchasing an additional 1,941 shares during the period. Barclays PLC lifted its stake in Graham by 32.4% during the third quarter. Barclays PLC now owns 13,601 shares of the company's stock worth $11,176,000 after purchasing an additional 3,327 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Graham by 8.6% during the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company's stock worth $8,344,000 after buying an additional 819 shares during the period. Finally, New York State Teachers Retirement System grew its stake in shares of Graham by 4.8% in the fourth quarter. New York State Teachers Retirement System now owns 4,805 shares of the company's stock valued at $4,190,000 after buying an additional 218 shares in the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Graham from a "buy" rating to a "strong-buy" rating in a research report on Saturday.
Read Our Latest Stock Analysis on GHC
Graham Stock Down 2.1 %
Shares of NYSE GHC traded down $20.87 during mid-day trading on Friday, hitting $952.30. The company had a trading volume of 14,238 shares, compared to its average volume of 16,118. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $993.49. The company has a market capitalization of $4.13 billion, a PE ratio of 18.65 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The business's 50-day simple moving average is $940.65 and its 200 day simple moving average is $890.70.
Graham Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 17th. Graham's dividend payout ratio (DPR) is 4.37%.
Insider Buying and Selling at Graham
In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 442 shares of the company's stock, valued at approximately $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.50% of the stock is currently owned by insiders.
About Graham
(
Free Report)
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.
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