Bank of New York Mellon Corp Increases Holdings in Graham Holdings (NYSE:GHC)

Bank of New York Mellon Corp grew its holdings in Graham Holdings (NYSE:GHC – Get Rating) by 1.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 68,834 shares of the company’s stock after acquiring an additional 1,295 shares during the quarter. Bank of New York Mellon Corp’s holdings in Graham were worth $37,031,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its stake in Graham by 116.7% in the third quarter. Citadel Advisors LLC now owns 8,786 shares of the company’s stock valued at $4,727,000 after acquiring an additional 4,732 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Graham by 17.7% in the 3rd quarter. Royal Bank of Canada now owns 1,193 shares of the company’s stock valued at $644,000 after purchasing an additional 179 shares during the period. Point72 Hong Kong Ltd purchased a new position in Graham during the 3rd quarter worth approximately $39,000. Cubist Systematic Strategies LLC increased its position in Graham by 282.9% during the third quarter. Cubist Systematic Strategies LLC now owns 2,305 shares of the company’s stock worth $1,240,000 after buying an additional 1,703 shares during the period. Finally, Ergoteles LLC acquired a new stake in shares of Graham in the third quarter valued at approximately $430,000. Hedge funds and other institutional investors own 63.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Graham from a “c” rating to a “b+” rating in a report on Monday, December 5th.

Insider Activity

In related news, CAO Marcel A. Snyman sold 128 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $617.68, for a total transaction of $79,063.04. Following the completion of the sale, the chief accounting officer now directly owns 456 shares of the company’s stock, valued at $281,662.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Marcel A. Snyman sold 72 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $611.06, for a total transaction of $43,996.32. Following the completion of the transaction, the chief accounting officer now directly owns 584 shares of the company’s stock, valued at $356,859.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Marcel A. Snyman sold 128 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $617.68, for a total transaction of $79,063.04. Following the completion of the sale, the chief accounting officer now owns 456 shares of the company’s stock, valued at approximately $281,662.08. The disclosure for this sale can be found here. Corporate insiders own 20.50% of the company’s stock.

Graham Price Performance

Shares of GHC opened at $561.21 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 1.45. Graham Holdings has a fifty-two week low of $525.58 and a fifty-two week high of $681.70. The firm has a 50-day simple moving average of $635.49 and a 200-day simple moving average of $608.74. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 41.45 and a beta of 1.03.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 11th. Shareholders of record on Thursday, April 20th will be paid a $1.65 dividend. The ex-dividend date is Wednesday, April 19th. This represents a $6.60 annualized dividend and a dividend yield of 1.18%. Graham’s dividend payout ratio (DPR) is currently 48.74%.

About Graham

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Graham Holdings Co engages in the provision of education and media services. It operates through the following segments: Education, Television Broadcasting, Manufacturing, Healthcare, SocialCode, and Other Businesses. The Education segment includes professional training and postsecondary education businesses largely outside the U.S.