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

Raymond James Financial Inc. bought a new position in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 798,803 shares of the company's stock, valued at approximately $34,916,000. Raymond James Financial Inc. owned approximately 1.48% of John Wiley & Sons at the end of the most recent quarter.

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

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock traded up $0.91 during trading hours on Tuesday, hitting $42.77. The company's stock had a trading volume of 247,531 shares, compared to its average volume of 357,072. 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, Inc. has a 12-month low of $34.85 and a 12-month high of $53.96. The business has a 50 day moving average price of $42.45 and a two-hundred day moving average price of $45.21. The company has a market cap of $2.30 billion, a PE ratio of -47.00 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY - Get Free Report) last posted 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. The business 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%. Analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th will be issued a $0.3525 dividend. 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 3.30%. John Wiley & Sons's dividend payout ratio is currently 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.