John Wiley & Sons, Inc. (NYSE:WLY) Holdings Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,382 shares of the company’s stock after selling 4,178 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of John Wiley & Sons worth $1,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WLY. Raymond James Financial Inc. bought a new stake in John Wiley & Sons during the fourth quarter worth approximately $34,916,000. River Global Investors LLP purchased a new stake in shares of John Wiley & Sons during the fourth quarter valued at $7,174,000. JPMorgan Chase & Co. lifted its stake in John Wiley & Sons by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 640,940 shares of the company’s stock valued at $30,925,000 after buying an additional 145,270 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of John Wiley & Sons by 261.9% in the fourth quarter. Victory Capital Management Inc. now owns 129,423 shares of the company’s stock worth $5,657,000 after buying an additional 93,661 shares during the period. Finally, Norges Bank purchased a new position in shares of John Wiley & Sons in the fourth quarter worth approximately $3,201,000. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Stock Up 0.9 %

Shares of NYSE:WLY opened at $42.78 on Monday. The firm has a 50 day simple moving average of $42.37 and a 200 day simple moving average of $45.28. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. John Wiley & Sons, Inc. has a 52 week low of $34.85 and a 52 week high of $53.96. The company has a market cap of $2.30 billion, a PE ratio of -47.01 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The firm had revenue of $404.63 million for the quarter, compared to analyst estimates of $401.10 million. As a group, research analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be given a dividend of $0.3525 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a yield of 3.30%. John Wiley & Sons’s payout ratio is 190.54%.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.