Raymond James Financial Inc. Acquires New Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Raymond James Financial Inc. acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 798,803 shares of the company's stock, valued at approximately $34,916,000. Raymond James Financial Inc. owned approximately 1.48% of John Wiley & Sons at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WLY. Invesco Ltd. increased its holdings in John Wiley & Sons by 4.8% in the fourth quarter. Invesco Ltd. now owns 664,390 shares of the company's stock valued at $29,040,000 after purchasing an additional 30,389 shares during the period. Wells Fargo & Company MN boosted its holdings in John Wiley & Sons by 48.9% in the fourth quarter. Wells Fargo & Company MN now owns 116,687 shares of the company's stock worth $5,100,000 after acquiring an additional 38,341 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in John Wiley & Sons during the fourth quarter worth $1,033,000. Geode Capital Management LLC boosted its stake in John Wiley & Sons by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 917,596 shares of the company's stock valued at $40,117,000 after purchasing an additional 35,888 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in John Wiley & Sons during the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 73.94% of the company's stock.

John Wiley & Sons Stock Down 2.8 %

NYSE WLY traded down $1.20 on Monday, reaching $41.65. The company had a trading volume of 64,889 shares, compared to its average volume of 356,682. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $2.24 billion, a P/E ratio of -45.77 and a beta of 0.86. The company's fifty day moving average is $42.37 and its 200 day moving average is $45.28. John Wiley & Sons, Inc. has a 52-week low of $34.85 and a 52-week high of $53.96.

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

John Wiley & Sons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th will be given 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 yield of 3.39%. John Wiley & Sons's dividend 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.