JPMorgan Chase & Co. Grows Stock Position in Graham Holdings (NYSE:GHC)

JPMorgan Chase & Co. grew its position in shares of Graham Holdings (NYSE:GHC) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,623 shares of the company’s stock after buying an additional 3,495 shares during the period. JPMorgan Chase & Co. owned 0.57% of Graham worth $21,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GHC. Smartleaf Asset Management LLC raised its stake in Graham by 55.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares during the period. Xponance Inc. raised its position in shares of Graham by 3.3% in the fourth quarter. Xponance Inc. now owns 469 shares of the company’s stock valued at $409,000 after purchasing an additional 15 shares during the period. KBC Group NV raised its position in shares of Graham by 36.5% in the fourth quarter. KBC Group NV now owns 142 shares of the company’s stock valued at $124,000 after purchasing an additional 38 shares during the period. Principal Securities Inc. lifted its stake in shares of Graham by 30.0% during the 4th quarter. Principal Securities Inc. now owns 182 shares of the company’s stock valued at $159,000 after buying an additional 42 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Graham by 44.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock valued at $126,000 after buying an additional 44 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Graham Stock Performance

Shares of GHC opened at $904.41 on Friday. 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 stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.71 and a beta of 0.92. Graham Holdings has a 52-week low of $683.00 and a 52-week high of $1,003.53. The stock’s 50-day simple moving average is $944.03 and its 200 day simple moving average is $901.34.

Graham Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th will be given a $1.80 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.80%. Graham’s dividend payout ratio (DPR) is currently 4.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Graham from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 29th.

About Graham

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.