Legal & General Group Plc boosted its stake in shares of Graham Holdings Company (NYSE:GHC) by 39.0% during the first quarter, Holdings Channel reports. The institutional investor owned 5,140 shares of the company’s stock after buying an additional 1,443 shares during the period. Legal & General Group Plc’s holdings in Graham Holdings Company were worth $3,079,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GHC. GSA Capital Partners LLP purchased a new stake in shares of Graham Holdings Company during the fourth quarter valued at approximately $344,000. Guggenheim Capital LLC boosted its position in Graham Holdings Company by 96.6% in the fourth quarter. Guggenheim Capital LLC now owns 6,880 shares of the company’s stock worth $3,523,000 after buying an additional 3,381 shares in the last quarter. Hancock Holding Co. acquired a new position in Graham Holdings Company during the first quarter worth about $809,000. Janus Capital Management LLC acquired a new position in Graham Holdings Company during the fourth quarter worth about $205,000. Finally, Allianz Asset Management AG boosted its position in Graham Holdings Company by 11.7% in the fourth quarter. Allianz Asset Management AG now owns 809 shares of the company’s stock worth $415,000 after buying an additional 85 shares in the last quarter. Institutional investors own 74.47% of the company’s stock.
Graham Holdings Company (NYSE:GHC) opened at 598.85 on Monday. Graham Holdings Company has a 12-month low of $440.55 and a 12-month high of $615.85. The company has a 50 day moving average price of $598.15 and a 200-day moving average price of $567.66.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Wednesday, July 19th will be paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, July 17th. Graham Holdings Company’s payout ratio is 18.85%.
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Graham Holdings Company Company Profile
Graham Holdings Company, formerly The Washington Post Company, is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems, and online, print and local TV news. The Company owns Kaplan, a provider of educational services to individuals, schools and businesses, serving over one million students annually with operations in more than 30 countries.
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