Amalgamated Bank Sells 170 Shares of Graham Holdings (NYSE:GHC)

Amalgamated Bank reduced its holdings in shares of Graham Holdings (NYSE:GHC) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,518 shares of the company’s stock after selling 170 shares during the period. Amalgamated Bank’s holdings in Graham were worth $1,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Graham by 69.2% during the first quarter. BNP Paribas Financial Markets now owns 1,824 shares of the company’s stock valued at $1,400,000 after purchasing an additional 746 shares in the last quarter. Cetera Advisors LLC bought a new stake in Graham in the first quarter valued at $5,256,000. Vanguard Group Inc. raised its stake in Graham by 5.9% during the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock worth $284,990,000 after acquiring an additional 20,629 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Graham during the first quarter valued at $857,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Graham by 31.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock valued at $21,219,000 after purchasing an additional 7,179 shares in the last quarter. Institutional investors own 62.54% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

Graham Stock Performance

NYSE:GHC opened at $944.04 on Thursday. The stock has a market capitalization of $4.09 billion, a P/E ratio of 18.49 and a beta of 1.11. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. Graham Holdings has a 1 year low of $613.39 and a 1 year high of $972.13. The firm has a 50 day moving average of $814.61 and a 200-day moving average of $767.24.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were paid a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, October 17th. Graham’s dividend payout ratio is currently 13.47%.

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.