John Wiley & Sons, Inc. (NYSE:WLY) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 29.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 640,940 shares of the company’s stock after acquiring an additional 145,270 shares during the quarter. JPMorgan Chase & Co. owned 1.19% of John Wiley & Sons worth $30,925,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in John Wiley & Sons by 113.6% in the third quarter. Victory Capital Management Inc. now owns 35,762 shares of the company’s stock valued at $1,726,000 after purchasing an additional 19,017 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of John Wiley & Sons by 40.1% in the 3rd 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 period. D.A. Davidson & CO. acquired a new position in shares of John Wiley & Sons during the third quarter worth about $2,134,000. Acadian Asset Management LLC purchased a new stake in shares of John Wiley & Sons during the second quarter worth approximately $1,418,000. Finally, Atom Investors LP increased its stake in shares of John Wiley & Sons by 178.6% during the third quarter. Atom Investors LP now owns 61,159 shares of the company’s stock worth $2,951,000 after buying an additional 39,207 shares during the period. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Stock Down 1.6 %

Shares of John Wiley & Sons stock opened at $42.26 on Tuesday. John Wiley & Sons, Inc. has a 52-week low of $30.93 and a 52-week high of $53.96. The company has a 50 day moving average of $48.31 and a 200 day moving average of $47.06. 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 company has a market capitalization of $2.28 billion, a P/E ratio of -46.44 and a beta of 0.88.

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, topping the consensus estimate of $0.88 by $0.09. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The business had revenue of $426.60 million during the quarter, compared to analysts’ expectations of $420.00 million. John Wiley & Sons’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, research analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.3525 per share. The ex-dividend date is Thursday, December 26th. This represents a $1.41 dividend on an annualized basis and a yield of 3.34%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio (DPR) is presently -154.95%.

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.