Northern Trust Corp lifted its position in Graham Holdings (NYSE:GHC - Free Report) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,473 shares of the company's stock after buying an additional 4,988 shares during the quarter. Northern Trust Corp owned about 1.03% of Graham worth $38,777,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Graham in the 4th quarter worth approximately $26,773,000. LPL Financial LLC bought a new position in Graham during the fourth quarter worth $8,726,000. Norges Bank acquired a new position in Graham during the 4th quarter valued at $8,157,000. Arrowstreet Capital Limited Partnership boosted 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 purchasing an additional 8,615 shares during the period. Finally, Alliancebernstein L.P. grew its position in Graham by 63.3% in the 4th quarter. Alliancebernstein L.P. now owns 11,830 shares of the company's stock worth $10,315,000 after purchasing an additional 4,584 shares during the last quarter. 93.16% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Graham from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 23rd.
Read Our Latest Stock Report on GHC
Graham Price Performance
Shares of NYSE:GHC opened at $971.52 on Friday. The firm has a market capitalization of $4.22 billion, a PE ratio of 19.02 and a beta of 0.91. 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 1-year low of $683.00 and a 1-year high of $1,003.53. The business's 50 day moving average is $933.71 and its 200-day moving average is $918.05.
Graham (NYSE:GHC - Get Free Report) last posted its quarterly 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. Graham had a net margin of 4.86% and a return on equity of 5.79%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion.
Graham Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's dividend payout ratio (DPR) is presently 5.05%.
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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