Raymond James Financial Inc. Buys Shares of 30,706 Graham Holdings (NYSE:GHC)

Raymond James Financial Inc. purchased a new position in Graham Holdings (NYSE:GHC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,706 shares of the company’s stock, valued at approximately $26,773,000. Raymond James Financial Inc. owned 0.71% of Graham as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GHC. JPMorgan Chase & Co. boosted its position in Graham by 16.5% during the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company’s stock valued at $21,469,000 after acquiring an additional 3,495 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 purchasing an additional 8,615 shares during the last quarter. Barclays PLC boosted its position in Graham by 32.4% during the third quarter. Barclays PLC now owns 13,601 shares of the company’s stock valued at $11,176,000 after purchasing an additional 3,327 shares in the last quarter. Franklin Resources Inc. grew its stake in Graham by 18.9% in the fourth quarter. Franklin Resources Inc. now owns 12,257 shares of the company’s stock valued at $10,687,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Graham by 63.3% during the fourth quarter. Alliancebernstein L.P. now owns 11,830 shares of the company’s stock valued at $10,315,000 after buying an additional 4,584 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors.

Graham Stock Performance

Shares of GHC stock opened at $908.55 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.94 billion, a PE ratio of 17.79 and a beta of 0.92. Graham Holdings has a 12-month low of $683.00 and a 12-month high of $1,003.53. The business’s fifty day simple moving average is $941.22 and its 200-day simple moving average is $904.20.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, April 17th. Graham’s dividend payout ratio (DPR) is presently 4.37%.

Wall Street Analyst Weigh In

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 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.