Lazard Asset Management LLC boosted its holdings in Graham Holdings (NYSE:GHC - Free Report) by 107.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,452 shares of the company's stock after acquiring an additional 1,268 shares during the period. Lazard Asset Management LLC owned about 0.06% of Graham worth $2,137,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Graham by 12.6% in the fourth quarter. Northern Trust Corp now owns 44,473 shares of the company's stock valued at $38,777,000 after purchasing an additional 4,988 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Graham in the fourth quarter valued at approximately $26,773,000. JPMorgan Chase & Co. increased its stake in shares of Graham by 16.5% in the fourth quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company's stock valued at $21,469,000 after purchasing an additional 3,495 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Graham by 84.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company's stock valued at $16,424,000 after purchasing an additional 8,615 shares during the period. Finally, Barclays PLC increased its stake in shares of Graham by 12.2% in the fourth quarter. Barclays PLC now owns 15,262 shares of the company's stock valued at $13,307,000 after purchasing an additional 1,661 shares during the period. Institutional investors own 93.16% of the company's stock.
Graham Price Performance
NYSE:GHC traded up $1.25 during trading hours on Friday, reaching $922.42. 17,611 shares of the company's stock were exchanged, compared to its average volume of 17,770. The company has a market capitalization of $4.02 billion, a P/E ratio of 18.06 and a beta of 0.91. Graham Holdings has a 12 month low of $683.00 and a 12 month high of $1,015.00. 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 business's 50-day simple moving average is $938.98 and its two-hundred day simple moving average is $927.92.
Graham (NYSE:GHC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share for the quarter, topping analysts' consensus estimates of $11.29 by $0.35. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.20 billion. Graham had a net margin of 4.86% and a return on equity of 5.79%.
Graham Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, July 17th. Graham's dividend payout ratio is 5.05%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Graham from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 23rd.
Read Our Latest Analysis on Graham
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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