Mirae Asset Global Investments Co. Ltd. Has $161,000 Position in John Wiley & Sons, Inc. (NYSE:WLY)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,700 shares of the company’s stock after buying an additional 350 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in John Wiley & Sons were worth $161,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Berry Wealth Group LP lifted its stake in shares of John Wiley & Sons by 5.4% in the 4th 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 last quarter. GAMMA Investing LLC lifted its stake in shares of John Wiley & Sons by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock valued at $57,000 after purchasing an additional 334 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of John Wiley & Sons by 0.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,284 shares of the company’s stock valued at $4,742,000 after purchasing an additional 342 shares during the last quarter. Blue Trust Inc. lifted 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 purchasing an additional 400 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of John Wiley & Sons by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,617 shares of the company’s stock valued at $368,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Up 0.8 %

John Wiley & Sons stock opened at $40.36 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -44.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. John Wiley & Sons, Inc. has a fifty-two week low of $32.50 and a fifty-two week high of $53.96. The firm has a fifty day moving average price of $43.32 and a two-hundred day moving average price of $46.61.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Thursday, December 5th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $426.60 million during the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 13.4% on a year-over-year basis. As a group, analysts forecast that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.3525 per share. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.41 annualized dividend and a dividend yield of 3.49%. John Wiley & Sons’s payout ratio is presently -154.95%.

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.