Lazard Asset Management LLC increased its stake in Graham Holdings (NYSE:GHC - Free Report) by 107.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,452 shares of the company's stock after purchasing an additional 1,268 shares during the quarter. Lazard Asset Management LLC owned about 0.06% of Graham worth $2,137,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of GHC. Northern Trust Corp lifted its holdings in Graham by 12.6% in the 4th quarter. Northern Trust Corp now owns 44,473 shares of the company's stock valued at $38,777,000 after acquiring an additional 4,988 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Graham in the 4th quarter valued at about $26,773,000. JPMorgan Chase & Co. lifted its holdings in Graham by 16.5% in the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company's stock valued at $21,469,000 after acquiring an additional 3,495 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Graham by 84.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company's stock valued at $16,424,000 after acquiring an additional 8,615 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Graham by 12.2% in the 4th quarter. Barclays PLC now owns 15,262 shares of the company's stock valued at $13,307,000 after acquiring an additional 1,661 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.
Graham Price Performance
Shares of NYSE GHC opened at $959.58 on Friday. 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 Holdings has a twelve month low of $683.00 and a twelve month high of $1,015.00. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 18.79 and a beta of 0.91. The firm has a 50-day moving average of $937.72 and a two-hundred day moving average of $925.32.
Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, beating analysts' consensus estimates of $11.29 by $0.35. Graham had a net margin of 4.86% and a return on equity of 5.79%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion.
Graham Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, July 17th. Graham's dividend payout ratio is presently 5.05%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Graham from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 23rd.
View Our Latest Report 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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