John Wiley & Sons, Inc. (NYSE:WLY) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in John Wiley & Sons, Inc. (NYSE:WLY) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,184 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Principal Financial Group Inc. owned about 0.39% of John Wiley & Sons worth $10,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. NorthRock Partners LLC increased its stake in shares of John Wiley & Sons by 21.3% in the 3rd quarter. NorthRock Partners LLC now owns 31,389 shares of the company’s stock valued at $1,515,000 after purchasing an additional 5,503 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in John Wiley & Sons in the 3rd quarter valued at $161,000. Berry Wealth Group LP purchased a new stake in John Wiley & Sons in the 3rd quarter worth $229,000. Finally, Cardinal Capital Management lifted its holdings in John Wiley & Sons by 12.4% during the third quarter. Cardinal Capital Management now owns 33,307 shares of the company’s stock valued at $1,607,000 after purchasing an additional 3,679 shares in the last quarter. 73.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the sale, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. The trade was a 20.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

John Wiley & Sons Stock Performance

NYSE WLY opened at $50.66 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. John Wiley & Sons, Inc. has a 1-year low of $29.04 and a 1-year high of $53.79. The company has a market cap of $2.75 billion, a PE ratio of -25.33 and a beta of 0.85. The stock’s 50 day simple moving average is $48.99 and its 200-day simple moving average is $44.70.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 annualized dividend and a dividend yield of 2.78%. John Wiley & Sons’s payout ratio is -70.50%.

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.