Principal Financial Group Inc. Has $8.28 Million Stock Holdings in Graham Holdings Company (NYSE:GHC)

Principal Financial Group Inc. increased its position in shares of Graham Holdings Company (NYSE:GHC) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,619 shares of the company’s stock after acquiring an additional 158 shares during the quarter. Principal Financial Group Inc. owned about 0.20% of Graham worth $8,282,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its stake in Graham by 44.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock valued at $126,000 after buying an additional 44 shares during the period. Intech Investment Management LLC lifted its stake in Graham by 250.3% in the fourth quarter. Intech Investment Management LLC now owns 1,930 shares of the company’s stock valued at $1,683,000 after buying an additional 1,379 shares during the period. Xponance Inc. lifted its stake in Graham by 3.3% in the fourth quarter. Xponance Inc. now owns 469 shares of the company’s stock valued at $409,000 after buying an additional 15 shares during the period. Teacher Retirement System of Texas lifted its stake in Graham by 82.4% in the fourth quarter. Teacher Retirement System of Texas now owns 3,755 shares of the company’s stock valued at $3,274,000 after buying an additional 1,696 shares during the period. Finally, Summit Global Investments acquired a new position in Graham in the fourth quarter valued at about $849,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Graham Trading Up 0.7%

NYSE GHC opened at $927.90 on Tuesday. The firm has a market cap of $4.05 billion, a P/E ratio of 6.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.62 and a quick ratio of 1.41. The stock’s 50-day moving average is $950.67 and its 200-day moving average is $933.56. Graham Holdings Company has a one year low of $691.41 and a one year high of $1,015.00.

Graham (NYSE:GHC) last released its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, topping analysts’ consensus estimates of $11.29 by $0.35. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion. Graham had a return on equity of 6.80% and a net margin of 12.99%.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, July 17th. Graham’s dividend payout ratio is currently 5.05%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Graham from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 23rd.

About Graham

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.