Principal Financial Group Inc. Sells 153 Shares of Graham Holdings (NYSE:GHC)

Principal Financial Group Inc. trimmed its holdings in Graham Holdings (NYSE:GHC) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,461 shares of the company’s stock after selling 153 shares during the period. Principal Financial Group Inc. owned about 0.20% of Graham worth $7,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Principal Securities Inc. lifted its position in shares of Graham by 30.0% in the fourth quarter. Principal Securities Inc. now owns 182 shares of the company’s stock valued at $159,000 after acquiring an additional 42 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Graham by 4.8% in the fourth quarter. New York State Teachers Retirement System now owns 4,805 shares of the company’s stock valued at $4,190,000 after acquiring an additional 218 shares in the last quarter. Longboard Asset Management LP purchased a new position in shares of Graham in the fourth quarter valued at about $228,000. KBC Group NV lifted its position in shares of Graham by 36.5% in the fourth quarter. KBC Group NV now owns 142 shares of the company’s stock valued at $124,000 after acquiring an additional 38 shares in the last quarter. Finally, Insight Inv LLC lifted its position in shares of Graham by 3.6% in the fourth quarter. Insight Inv LLC now owns 2,724 shares of the company’s stock valued at $2,375,000 after acquiring an additional 95 shares in the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Graham Price Performance

NYSE:GHC opened at $979.67 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $4.25 billion, a P/E ratio of 19.18 and a beta of 1.13. Graham Holdings has a 12 month low of $683.00 and a 12 month high of $993.49. The business’s 50-day moving average is $914.16 and its 200 day moving average is $864.38.

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be given a $1.80 dividend. The ex-dividend date is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.73%. Graham’s dividend payout ratio is currently 14.10%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CAO Marcel A. Snyman sold 159 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $881.30, for a total value of $140,126.70. Following the sale, the chief accounting officer now directly owns 442 shares in the company, valued at approximately $389,534.60. The trade was a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.50% of the stock is owned by company insiders.

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.