Graham Holdings Co (GHC) Shares Bought by JPMorgan Chase & Co.

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JPMorgan Chase & Co. lifted its stake in shares of Graham Holdings Co (NYSE:GHC) by 26.9% in the 3rd quarter, Holdings Channel reports. The firm owned 13,071 shares of the company’s stock after buying an additional 2,772 shares during the quarter. JPMorgan Chase & Co.’s holdings in Graham were worth $7,572,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Stone Ridge Asset Management LLC increased its stake in shares of Graham by 4.5% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 2,315 shares of the company’s stock worth $1,341,000 after purchasing an additional 100 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Graham by 77.8% during the 3rd quarter. American Century Companies Inc. now owns 28,340 shares of the company’s stock worth $16,417,000 after purchasing an additional 12,398 shares during the last quarter. Private Advisor Group LLC grew its stake in Graham by 169.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,078 shares of the company’s stock valued at $624,000 after buying an additional 678 shares in the last quarter. Sterling Capital Management LLC purchased a new position in Graham in the 3rd quarter valued at approximately $2,911,000. Finally, First Trust Advisors LP grew its stake in Graham by 8.3% in the 3rd quarter. First Trust Advisors LP now owns 17,654 shares of the company’s stock valued at $10,227,000 after buying an additional 1,358 shares in the last quarter. Institutional investors own 68.52% of the company’s stock.

In related news, VP Marcel A. Snyman sold 100 shares of Graham stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $633.07, for a total value of $63,307.00. Following the completion of the transaction, the vice president now directly owns 500 shares in the company, valued at approximately $316,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.60% of the stock is currently owned by insiders.

Graham stock opened at $668.02 on Wednesday. Graham Holdings Co has a 1-year low of $537.40 and a 1-year high of $690.50. The company has a market capitalization of $3.52 billion, a P/E ratio of 15.79 and a beta of 0.47. The company has a quick ratio of 1.82, a current ratio of 1.91 and a debt-to-equity ratio of 0.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Thursday, February 7th will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Graham’s previous quarterly dividend of $1.33. The ex-dividend date is Wednesday, February 6th.

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About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides a range of certificate, diploma, and degree programs, as well as online education services; and test preparation business services in pre-college, graduate, health, and bar review, as well as publishes and sells test preparation and other books through retail channels.

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Want to see what other hedge funds are holding GHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Graham Holdings Co (NYSE:GHC).

Institutional Ownership by Quarter for Graham (NYSE:GHC)

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