Raymond James Financial Inc. Takes $34.92 Million Position in John Wiley & Sons, Inc. (NYSE:WLY)

Raymond James Financial Inc. bought a new position in John Wiley & Sons, Inc. (NYSE:WLY) in the fourth quarter, Holdings Channel reports. The firm bought 798,803 shares of the company’s stock, valued at approximately $34,916,000.

Several other large investors also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of John Wiley & Sons by 4.8% in the fourth quarter. Invesco Ltd. now owns 664,390 shares of the company’s stock worth $29,040,000 after buying an additional 30,389 shares during the last quarter. Wells Fargo & Company MN raised its stake in John Wiley & Sons by 48.9% in the 4th 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 during the last quarter. ExodusPoint Capital Management LP acquired a new stake in John Wiley & Sons during the 4th quarter worth about $1,033,000. Geode Capital Management LLC lifted its position 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 worth $40,117,000 after acquiring an additional 35,888 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in John Wiley & Sons during the 4th quarter valued at about $112,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Trading Down 0.8 %

Shares of NYSE:WLY opened at $42.45 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. John Wiley & Sons, Inc. has a 52-week low of $34.85 and a 52-week high of $53.96. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -46.65 and a beta of 0.86. The business has a 50-day moving average price of $42.28 and a 200-day moving average price of $45.43.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The company had revenue of $404.63 million for the quarter, compared to the consensus estimate of $401.10 million. Equities analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be given a dividend of $0.3525 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a yield of 3.32%. John Wiley & Sons’s dividend payout ratio is presently 190.54%.

John Wiley & Sons Company 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.