John Wiley & Sons, Inc. (NYSE:WLY) Stock Holdings Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,050 shares of the company’s stock after selling 15,003 shares during the quarter. Ameriprise Financial Inc. owned 0.30% of John Wiley & Sons worth $7,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $34,916,000. Alta Fox Capital Management LLC raised its holdings in shares of John Wiley & Sons by 171.8% during the fourth quarter. Alta Fox Capital Management LLC now owns 347,047 shares of the company’s stock valued at $15,169,000 after acquiring an additional 219,349 shares during the period. River Global Investors LLP acquired a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $7,174,000. Victory Capital Management Inc. raised its holdings in shares of John Wiley & Sons by 261.9% during the fourth quarter. Victory Capital Management Inc. now owns 129,423 shares of the company’s stock valued at $5,657,000 after acquiring an additional 93,661 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $3,436,000. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Stock Down 1.3%

WLY stock opened at $41.11 on Friday. John Wiley & Sons, Inc. has a 52-week low of $34.85 and a 52-week high of $53.96. The company’s 50 day simple moving average is $43.40 and its 200-day simple moving average is $44.31. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market capitalization of $2.21 billion, a P/E ratio of -45.18 and a beta of 0.95.

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

John Wiley & Sons Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Tuesday, April 8th were given a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Tuesday, April 8th. John Wiley & Sons’s payout ratio is presently 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.