M&T Bank Corp Acquires New Position in Graham Holdings Company (NYSE:GHC)

M&T Bank Corp acquired a new stake in shares of Graham Holdings Company (NYSE:GHC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 231 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently made changes to their positions in the stock. Northern Trust Corp grew its stake in shares of Graham by 12.6% during the 4th quarter. Northern Trust Corp now owns 44,473 shares of the company’s stock valued at $38,777,000 after acquiring an additional 4,988 shares during the period. Raymond James Financial Inc. bought a new position in shares of Graham during the 4th quarter valued at approximately $26,773,000. JPMorgan Chase & Co. grew its stake in shares of Graham by 16.5% during the 4th quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company’s stock valued at $21,469,000 after acquiring an additional 3,495 shares during the period. GAMMA Investing LLC grew its stake in shares of Graham by 128,013.3% during the 1st quarter. GAMMA Investing LLC now owns 19,217 shares of the company’s stock valued at $18,465,000 after acquiring an additional 19,202 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Graham by 84.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,837 shares of the company’s stock valued at $16,424,000 after acquiring an additional 8,615 shares during the period. 93.16% of the stock is currently owned by institutional investors.

Graham Trading Down 0.5%

GHC stock opened at $896.09 on Friday. Graham Holdings Company has a 1-year low of $691.41 and a 1-year high of $1,015.00. 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 company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 6.28 and a beta of 0.92. The business has a 50 day simple moving average of $944.81 and a two-hundred day simple moving average of $933.73.

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

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be paid a $1.80 dividend. The ex-dividend date is Thursday, July 17th. This represents a $7.20 annualized dividend and a yield of 0.80%. Graham’s payout ratio is 5.05%.

Analyst Upgrades and Downgrades

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

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.