Principal Financial Group Inc. Has $10.09 Million Stock Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Principal Financial Group Inc. lifted its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 209,184 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Principal Financial Group Inc. owned approximately 0.39% of John Wiley & Sons worth $10,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WLY. Franklin Resources Inc. increased its position in shares of John Wiley & Sons by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 25,192 shares of the company’s stock worth $1,254,000 after purchasing an additional 3,193 shares during the last quarter. XTX Topco Ltd increased its holdings in John Wiley & Sons by 67.7% during the third quarter. XTX Topco Ltd now owns 22,246 shares of the company’s stock worth $1,073,000 after buying an additional 8,981 shares during the last quarter. State Street Corp raised its position in John Wiley & Sons by 7.2% during the third quarter. State Street Corp now owns 1,688,156 shares of the company’s stock worth $81,454,000 after acquiring an additional 113,631 shares in the last quarter. Centiva Capital LP acquired a new stake in John Wiley & Sons in the third quarter valued at $604,000. Finally, Atom Investors LP grew its position in shares of John Wiley & Sons by 178.6% in the 3rd quarter. Atom Investors LP now owns 61,159 shares of the company’s stock valued at $2,951,000 after acquiring an additional 39,207 shares during the period. Institutional investors own 73.94% of the company’s stock.

Insider Transactions at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of John Wiley & Sons stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the sale, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. This trade represents a 20.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

John Wiley & Sons Stock Down 2.0 %

Shares of WLY stock opened at $43.58 on Tuesday. John Wiley & Sons, Inc. has a 52-week low of $30.45 and a 52-week high of $53.96. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -47.89 and a beta of 0.85. The firm’s 50-day moving average is $48.93 and its 200-day moving average is $46.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The firm had revenue of $426.60 million for the quarter, compared to analyst estimates of $420.00 million. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. Sell-side analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be given a $0.3525 dividend. The ex-dividend date is Thursday, December 26th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a dividend yield of 3.24%. John Wiley & Sons’s dividend payout ratio is presently -154.95%.

John Wiley & Sons Company 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.