Hsbc Holdings PLC Takes Position in Graham Holdings (NYSE:GHC)

Hsbc Holdings PLC purchased a new position in shares of Graham Holdings (NYSE:GHC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,198 shares of the company's stock, valued at approximately $1,046,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Graham by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company's stock worth $17,361,000 after acquiring an additional 1,941 shares during the last quarter. Franklin Resources Inc. grew its position in Graham by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 10,311 shares of the company's stock worth $8,344,000 after purchasing an additional 819 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in Graham in the fourth quarter valued at $437,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Graham in the fourth quarter valued at about $635,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Graham by 19.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,372 shares of the company's stock worth $2,068,000 after buying an additional 384 shares during the period. Hedge funds and other institutional investors own 93.16% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Graham from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 23rd.

Graham Stock Performance

Shares of GHC opened at $947.72 on Friday. Graham Holdings has a 1 year low of $683.00 and a 1 year high of $1,003.53. The stock has a market capitalization of $4.11 billion, a P/E ratio of 18.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The company's fifty day moving average is $934.37 and its two-hundred day moving average is $913.36.

Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.29 by $0.35. Graham had a net margin of 4.86% and a return on equity of 5.79%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.20 billion.

Graham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be issued a dividend of $1.80 per share. 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 is presently 5.05%.

Graham 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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