Legal & General Group Plc Sells 1,936 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Legal & General Group Plc lowered its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,614 shares of the company’s stock after selling 1,936 shares during the period. Legal & General Group Plc owned 0.22% of John Wiley & Sons worth $5,228,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in John Wiley & Sons by 14.5% in the third quarter. Franklin Resources Inc. now owns 25,192 shares of the company’s stock valued at $1,254,000 after acquiring an additional 3,193 shares during the last quarter. Principal Financial Group Inc. lifted its stake in John Wiley & Sons by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 209,184 shares of the company’s stock valued at $10,093,000 after purchasing an additional 1,600 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in John Wiley & Sons by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 640,940 shares of the company’s stock valued at $30,925,000 after purchasing an additional 145,270 shares during the last quarter. Nordea Investment Management AB grew its holdings in John Wiley & Sons by 8.1% during the fourth quarter. Nordea Investment Management AB now owns 151,005 shares of the company’s stock worth $6,655,000 after purchasing an additional 11,340 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in John Wiley & Sons by 2,578.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock worth $151,000 after buying an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

WLY opened at $42.78 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. John Wiley & Sons, Inc. has a 12-month low of $34.85 and a 12-month high of $53.96. The business has a 50 day moving average of $42.37 and a 200-day moving average of $45.28. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -47.01 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.39. The firm had revenue of $404.63 million during the quarter, compared to analysts’ expectations of $401.10 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th will be paid 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 dividend yield of 3.30%. John Wiley & Sons’s dividend payout ratio (DPR) is currently 190.54%.

About John Wiley & Sons

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.