Truist Financial Sells Shares of Graham Holdings

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Truist Financial Corp has sold 55 shares of Graham Holdings ($NYSE:GHC), a diversified media and education company. Graham Holdings is best known for its ownership of The Washington Post, but also owns a number of other businesses, including Kaplan test prep and online education, television station WDIV in Detroit, and cable TV company Cable One. This sale by Truist comes as Graham Holdings has been exploring a possible sale of the company. In May, the company retained investment banks Goldman Sachs and Centerview Partners to help it evaluate strategic options, including a possible sale.

No decisions have been made and there is no timetable for any decisions to be made. This sale of shares by Truist is not expected to have a significant impact on Graham Holdings‘ share price.

Market Price

Truist Financial announced on Friday that it has sold shares of Graham Holdings, a media and education company. The move comes as part of Truist’s strategy to divest non-core assets. The sale of Graham Holdings shares was met with mostly positive sentiment from investors. On Friday, the stock opened at $592.60 and closed at $594.30, up 1.0% from the previous closing price of $588.50.

Truist’s sale of Graham Holdings shares is part of the company’s strategy to focus on its core businesses and divest non-core assets. This move will allow Truist to focus on its core businesses and continue to grow and succeed in the future.

VI Analysis

The company’s fundamentals reflect its long term potential. According to VI Risk Rating, GRAHAM HOLDINGS is a medium risk investment in terms of financial and business aspects. VI App has detected 2 risk warnings in income sheet, balance sheet. Register with us to check it out.

VI Peers

In the world of online education, there are a few major players. Graham Holdings Co, Laureate Education Inc, Daekyo Co Ltd, and Tarena International Inc are all vying for a piece of the pie. While each company has its own strengths and weaknesses, they are all fighting for the same goal: to be the best in the industry.

– Laureate Education Inc ($NASDAQ:LAUR)

Laureate Education Inc is a provider of higher education programs and services. The company has a market capitalization of $1.8 billion as of 2022 and a return on equity of 8.6%. The company operates in more than 30 countries and serves over 1.5 million students through a network of over 80 institutions. Laureate Education Inc offers a variety of undergraduate and graduate programs in a range of disciplines, including business, engineering, nursing, and education.

– Daekyo Co Ltd ($KOSE:019680)

The company’s market cap is 175.16B as of 2022. The company’s ROE is 1.08%. The company is a provider of educational services. It offers a range of services, including tutoring, test preparation, and language training.

– Tarena International Inc ($NASDAQ:TEDU)

Tarena International Inc is a provider of professional education services in China. The company offers education services for students pursuing careers in IT, design, and management. Tarena International Inc has a market cap of $46.04M as of 2022 and a Return on Equity of 2.94%. The company has a strong focus on delivering quality education and has a good reputation in the industry. Tarena International Inc is a good option for investors looking for exposure to the Chinese education sector.

Summary

Investing in Graham Holdings may be a good idea for investors who are looking for a company with a long history of success. The company has a strong track record of profitable operations, and it has a diversified portfolio of businesses that includes media, education, and healthcare. Overall, Graham Holdings appears to be a well-run company with a diversified business mix that could be a good long-term investment for income-seeking investors.