Truist Financial Corp Purchases 21 Shares of Graham Holdings (NYSE:GHC)

Truist Financial Corp lifted its position in shares of Graham Holdings (NYSE:GHC) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,982 shares of the company’s stock after acquiring an additional 21 shares during the period. Truist Financial Corp’s holdings in Graham were worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Graham by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 1,824 shares of the company’s stock worth $1,400,000 after purchasing an additional 746 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Graham in the first quarter worth approximately $5,256,000. Vanguard Group Inc. boosted its holdings in Graham by 5.9% in the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock worth $284,990,000 after purchasing an additional 20,629 shares during the last quarter. Tidal Investments LLC purchased a new stake in Graham in the first quarter worth approximately $857,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Graham by 31.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock worth $21,219,000 after purchasing an additional 7,179 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Graham Stock Up 0.1 %

Shares of GHC stock opened at $795.70 on Friday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 26.85 and a beta of 1.11. Graham Holdings has a one year low of $563.39 and a one year high of $822.18. The company’s fifty day moving average price is $771.10 and its 200-day moving average price is $748.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.34.

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

Graham Announces Dividend

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

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.