Truist Financial Corp Grows Stock Holdings in Graham Holdings (NYSE:GHC)

Truist Financial Corp raised its stake in Graham Holdings (NYSE:GHC) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,982 shares of the company’s stock after buying an additional 21 shares during the period. Truist Financial Corp’s holdings in Graham were worth $1,387,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Insight Inv LLC lifted its position in shares of Graham by 0.6% in the 1st quarter. Insight Inv LLC now owns 2,607 shares of the company’s stock worth $2,001,000 after purchasing an additional 15 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Graham by 3.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 447 shares of the company’s stock worth $313,000 after purchasing an additional 15 shares during the period. ProShare Advisors LLC lifted its position in shares of Graham by 2.2% in the 1st quarter. ProShare Advisors LLC now owns 799 shares of the company’s stock worth $613,000 after purchasing an additional 17 shares during the period. Janiczek Wealth Management LLC lifted its position in shares of Graham by 8.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 310 shares of the company’s stock worth $238,000 after purchasing an additional 24 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Graham by 4.1% in the 2nd quarter. QRG Capital Management Inc. now owns 613 shares of the company’s stock worth $429,000 after purchasing an additional 24 shares during the period. 62.54% of the stock is owned by hedge funds and other institutional investors.

Graham Trading Up 0.1 %

NYSE GHC opened at $795.70 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3.50 billion, a PE ratio of 26.85 and a beta of 1.11. The company has a 50 day moving average price of $771.10 and a 200 day moving average price of $748.97. Graham Holdings has a 52 week low of $563.39 and a 52 week high of $822.18.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $12.70 EPS for the quarter. The firm had revenue of $1.19 billion during the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 17th will be paid a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $6.88 annualized dividend and a dividend yield of 0.86%. Graham’s dividend payout ratio (DPR) is presently 23.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Graham from a “buy” rating to a “hold” rating in a research report on Friday, October 4th.

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.