Principal Financial Group Inc. Cuts Stock Position in Graham Holdings (NYSE:GHC)

Principal Financial Group Inc. lessened its holdings in shares of Graham Holdings (NYSE:GHC) by 26.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,614 shares of the company’s stock after selling 3,024 shares during the quarter. Principal Financial Group Inc.’s holdings in Graham were worth $7,078,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GHC. Innealta Capital LLC acquired a new stake in Graham during the 2nd quarter worth approximately $35,000. Whittier Trust Co. acquired a new stake in shares of Graham in the second quarter valued at $70,000. Headlands Technologies LLC purchased a new position in Graham in the second quarter valued at $76,000. SG Americas Securities LLC acquired a new position in Graham during the 3rd quarter worth $168,000. Finally, Gladius Capital Management LP raised its position in Graham by 188.2% in the 2nd quarter. Gladius Capital Management LP now owns 245 shares of the company’s stock valued at $171,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Graham Price Performance

Graham stock opened at $920.19 on Wednesday. The stock has a market cap of $3.98 billion, a P/E ratio of 18.00 and a beta of 1.11. The company has a fifty day simple moving average of $826.03 and a 200-day simple moving average of $772.16. 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 12-month low of $613.39 and a 12-month high of $972.13.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th were issued a $1.72 dividend. The ex-dividend date was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.75%. Graham’s payout ratio is currently 13.47%.

Wall Street Analysts Forecast Growth

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

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.