Raymond James Financial Inc. Purchases New Position in Graham Holdings (NYSE:GHC)

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

Several other large investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position 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 buying an additional 11 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Graham by 558.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock valued at $65,000 after buying an additional 67 shares during the last quarter. KBC Group NV boosted its position in Graham by 60.0% in the 3rd quarter. KBC Group NV now owns 104 shares of the company’s stock valued at $85,000 after buying an additional 39 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position 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 during the last quarter. Finally, Principal Securities Inc. boosted its position in 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 buying an additional 42 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Stock Performance

NYSE:GHC opened at $935.85 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The firm has a 50-day moving average of $925.05 and a two-hundred day moving average of $876.72. The stock has a market cap of $4.06 billion, a P/E ratio of 18.32 and a beta of 1.12. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $993.49.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders 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 yield of 0.77%. Graham’s payout ratio is currently 4.37%.

Insider Buying and Selling at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $881.30, for a total transaction of $140,126.70. Following the transaction, the chief accounting officer now owns 442 shares of the company’s stock, valued at approximately $389,534.60. This trade represents a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.30% of the stock is currently owned by corporate insiders.

Graham Company 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.