Legal & General Group Plc Sells 360 Shares of Graham Holdings (NYSE:GHC)

Legal & General Group Plc reduced its stake in shares of Graham Holdings (NYSE:GHC) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 5,723 shares of the company’s stock after selling 360 shares during the quarter. Legal & General Group Plc’s holdings in Graham were worth $4,990,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Graham Price Performance

Shares of GHC opened at $876.86 on Tuesday. The firm has a market cap of $3.81 billion, a PE ratio of 17.17 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 business’s 50 day moving average price is $939.05 and its two-hundred day moving average price is $906.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, April 17th. Graham’s dividend payout ratio is presently 4.37%.

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.