Principal Financial Group Inc. Acquires 7,887 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Principal Financial Group Inc. grew its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,071 shares of the company's stock after purchasing an additional 7,887 shares during the quarter. Principal Financial Group Inc. owned about 0.40% of John Wiley & Sons worth $9,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in John Wiley & Sons by 113.6% during the third quarter. Victory Capital Management Inc. now owns 35,762 shares of the company's stock worth $1,726,000 after buying an additional 19,017 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of 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 buying an additional 116,772 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $2,134,000. Atom Investors LP increased its holdings in shares of John Wiley & Sons by 178.6% during the 3rd quarter. Atom Investors LP now owns 61,159 shares of the company's stock worth $2,951,000 after acquiring an additional 39,207 shares during the last quarter. Finally, Consolidated Planning Corp bought a new stake in John Wiley & Sons in the 3rd quarter valued at $682,000. Institutional investors own 73.94% of the company's stock.

John Wiley & Sons Stock Performance

John Wiley & Sons stock traded down $0.19 during mid-day trading on Tuesday, hitting $38.21. 182,097 shares of the company's stock traded hands, compared to its average volume of 318,011. John Wiley & Sons, Inc. has a fifty-two week low of $32.80 and a fifty-two week high of $53.96. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -41.97 and a beta of 0.86. The firm has a 50 day simple moving average of $41.83 and a two-hundred day simple moving average of $46.09. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61.

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John Wiley & Sons (NYSE:WLY - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The business had revenue of $426.60 million during the quarter, compared to the consensus estimate of $420.00 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The business's revenue was down 13.4% compared to the same quarter last year. On average, research analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a dividend of $0.3525 per share. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Thursday, December 26th. John Wiley & Sons's dividend payout ratio (DPR) is presently -154.95%.

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.