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

JPMorgan Chase & Co. lowered its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 526,260 shares of the company's stock after selling 114,680 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.97% of John Wiley & Sons worth $23,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Berry Wealth Group LP grew its holdings in shares of John Wiley & Sons by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company's stock valued at $218,000 after purchasing an additional 255 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in John Wiley & Sons by 0.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,284 shares of the company's stock worth $4,742,000 after purchasing an additional 342 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in John Wiley & Sons by 10.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company's stock worth $161,000 after buying an additional 350 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in John Wiley & Sons by 1.9% in the fourth quarter. Corebridge Financial Inc. now owns 21,294 shares of the company's stock valued at $931,000 after purchasing an additional 394 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of John Wiley & Sons by 114.6% in the 4th quarter. Blue Trust Inc. now owns 749 shares of the company's stock valued at $36,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 73.94% of the company's stock.

John Wiley & Sons Stock Up 0.9 %

Shares of NYSE:WLY traded up $0.40 during trading hours on Tuesday, reaching $43.23. The stock had a trading volume of 20,461 shares, compared to its average volume of 435,391. John Wiley & Sons, Inc. has a 1 year low of $34.85 and a 1 year high of $53.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -47.51 and a beta of 0.86. The firm's 50 day moving average is $42.21 and its 200-day moving average is $45.46.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.39. The business had revenue of $404.63 million for the quarter, compared to analyst estimates of $401.10 million. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. Research analysts predict that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be given a $0.3525 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, April 8th. John Wiley & Sons's dividend payout ratio (DPR) is 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.