Allianz Asset Management GmbH Reduces Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Allianz Asset Management GmbH cut its position in shares of John Wiley & Sons, Inc. (NYSE:WLYFree Report) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,102 shares of the company’s stock after selling 14,417 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of John Wiley & Sons worth $1,400,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WLY. Swiss National Bank grew its stake in John Wiley & Sons by 0.9% in the 3rd quarter. Swiss National Bank now owns 96,600 shares of the company’s stock worth $3,591,000 after acquiring an additional 900 shares during the period. Atria Wealth Solutions Inc. acquired a new position in John Wiley & Sons in the third quarter valued at $242,000. Charles Schwab Investment Management Inc. lifted its position in John Wiley & Sons by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,634 shares of the company’s stock worth $22,883,000 after buying an additional 55,144 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in John Wiley & Sons by 7.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,482 shares of the company’s stock worth $575,000 after buying an additional 1,110 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in John Wiley & Sons by 12.8% in the 3rd quarter. Deutsche Bank AG now owns 21,514 shares of the company’s stock valued at $800,000 after buying an additional 2,434 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

Insider Buying and Selling at John Wiley & Sons

In other news, EVP Jay Flynn sold 6,114 shares of John Wiley & Sons stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $38.82, for a total value of $237,345.48. Following the transaction, the executive vice president now directly owns 8,069 shares of the company’s stock, valued at approximately $313,238.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is owned by company insiders.

John Wiley & Sons Trading Down 0.2 %

Shares of WLY stock opened at $35.53 on Monday. The firm’s 50-day simple moving average is $37.75 and its 200-day simple moving average is $34.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50. John Wiley & Sons, Inc. has a 1-year low of $28.83 and a 1-year high of $40.08. The firm has a market cap of $1.94 billion, a P/E ratio of -12.34 and a beta of 0.86.

John Wiley & Sons (NYSE:WLYGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. The company had revenue of $460.70 million for the quarter, compared to the consensus estimate of $392.60 million. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%. John Wiley & Sons’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, equities analysts forecast that John Wiley & Sons, Inc. will post 2.55 EPS for the current year.

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Tuesday, April 9th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Monday, April 8th. John Wiley & Sons’s payout ratio is currently -48.61%.

About John Wiley & Sons

(Free Report)

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.

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Institutional Ownership by Quarter for John Wiley & Sons (NYSE:WLY)

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