Brown Advisory Inc. Acquires Shares of 1,026,762 John Wiley & Sons, Inc. (NYSE:WLY)

Brown Advisory Inc. purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,026,762 shares of the company's stock, valued at approximately $44,880,000. Brown Advisory Inc. owned 1.90% of John Wiley & Sons at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of John Wiley & Sons during the fourth quarter worth about $361,000. Oppenheimer & Co. Inc. lifted its position in John Wiley & Sons by 9.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,487 shares of the company's stock worth $284,000 after acquiring an additional 567 shares during the period. Vanguard Group Inc. grew its stake in shares of John Wiley & Sons by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,318,812 shares of the company's stock valued at $232,485,000 after purchasing an additional 21,748 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of John Wiley & Sons by 2,578.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company's stock valued at $151,000 after purchasing an additional 3,300 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of John Wiley & Sons by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 640,940 shares of the company's stock worth $30,925,000 after purchasing an additional 145,270 shares during the last quarter. 73.94% of the stock is owned by hedge funds and other institutional investors.

John Wiley & Sons Stock Performance

WLY traded down $0.72 during trading on Friday, reaching $44.14. The company's stock had a trading volume of 575,795 shares, compared to its average volume of 361,909. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. The company's fifty day moving average price is $43.47 and its 200-day moving average price is $44.75. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -48.51 and a beta of 0.95. John Wiley & Sons, Inc. has a 52-week low of $34.85 and a 52-week high of $53.96.

John Wiley & Sons (NYSE:WLY - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.39. The firm had revenue of $404.63 million during the quarter, compared to the consensus estimate of $401.10 million. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. On average, equities analysts forecast that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th were given a $0.3525 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Tuesday, April 8th. John Wiley & Sons's dividend payout ratio is currently 190.54%.

John Wiley & Sons 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.