Janney Montgomery Scott LLC Grows Stock Holdings in Graham Holdings Company (NYSE:GHC)

Janney Montgomery Scott LLC increased its position in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 530.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,575 shares of the company's stock after acquiring an additional 3,008 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Graham worth $3,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Graham in the fourth quarter valued at about $26,773,000. GAMMA Investing LLC boosted its stake in shares of Graham by 128,013.3% in the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock valued at $18,465,000 after buying an additional 19,202 shares during the period. LPL Financial LLC acquired a new position in Graham during the 4th quarter worth approximately $8,726,000. Norges Bank acquired a new position in shares of Graham during the fourth quarter worth $8,157,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Graham by 84.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company's stock worth $16,424,000 after acquiring an additional 8,615 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Price Performance

Shares of NYSE:GHC opened at $967.19 on Tuesday. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 6.78 and a beta of 0.93. Graham Holdings Company has a one year low of $683.00 and a one year high of $1,015.00. The company has a 50-day simple moving average of $943.27 and a 200-day simple moving average of $929.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.62.

Graham (NYSE:GHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, topping analysts' consensus estimates of $11.29 by $0.35. Graham had a net margin of 12.99% and a return on equity of 6.80%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's dividend payout ratio is currently 5.05%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Graham from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 23rd.

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.

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