JPMorgan Chase & Co. Boosts Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

JPMorgan Chase & Co. grew its position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 29.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 640,940 shares of the company's stock after purchasing an additional 145,270 shares during the period. JPMorgan Chase & Co. owned about 1.19% of John Wiley & Sons worth $30,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in John Wiley & Sons by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company's stock worth $78,326,000 after purchasing an additional 90,693 shares during the last quarter. State Street Corp increased its holdings in shares of John Wiley & Sons by 7.2% in the third quarter. State Street Corp now owns 1,688,156 shares of the company's stock worth $81,454,000 after buying an additional 113,631 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of John Wiley & Sons by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 987,612 shares of the company's stock valued at $40,196,000 after acquiring an additional 15,372 shares during the last quarter. Eagle Asset Management Inc. lifted its position in John Wiley & Sons by 40.1% in the third quarter. Eagle Asset Management Inc. now owns 407,997 shares of the company's stock valued at $21,273,000 after purchasing an additional 116,772 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in John Wiley & Sons by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 209,184 shares of the company's stock valued at $10,093,000 after buying an additional 1,600 shares during the period. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

John Wiley & Sons Trading Down 0.3 %

Shares of NYSE WLY traded down $0.11 during trading hours on Tuesday, hitting $42.09. The company's stock had a trading volume of 448,152 shares, compared to its average volume of 363,732. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -46.25 and a beta of 0.88. John Wiley & Sons, Inc. has a 12 month low of $30.93 and a 12 month high of $53.96. The business has a 50-day simple moving average of $48.15 and a 200-day simple moving average of $47.07. 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 (NYSE:WLY - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.09. 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 $426.60 million for the quarter, compared to analysts' expectations of $420.00 million. The company's revenue for the quarter was down 13.4% on a year-over-year basis. On average, analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $0.3525 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 3.35%. John Wiley & Sons's dividend payout ratio (DPR) is -154.95%.

John Wiley & Sons Profile

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.