Macquarie Group Ltd. bought a new position in John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 197,189 shares of the company’s stock, valued at approximately $7,413,000. Macquarie Group Ltd. owned 0.35% of John Wiley & Sons at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC acquired a new stake in John Wiley & Sons during the third quarter worth about $25,000. First Horizon Advisors Inc. purchased a new position in John Wiley & Sons in the third quarter valued at approximately $26,000. Ronald Blue Trust Inc. acquired a new position in John Wiley & Sons during the third quarter valued at approximately $36,000. Global Retirement Partners LLC acquired a new position in John Wiley & Sons during the third quarter valued at approximately $34,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of John Wiley & Sons in the third quarter worth $30,000. Institutional investors and hedge funds own 72.99% of the company’s stock.
John Wiley & Sons Price Performance
WLY stock opened at $44.11 on Tuesday. The firm has a market cap of $2.45 billion, a P/E ratio of 25.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.76. John Wiley & Sons, Inc. has a 1 year low of $36.57 and a 1 year high of $56.34. The stock has a 50-day simple moving average of $44.36 and a 200-day simple moving average of $43.50.
John Wiley & Sons Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Tuesday, December 27th were given a $0.347 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $1.39 dividend on an annualized basis and a yield of 3.15%. John Wiley & Sons’s payout ratio is currently 79.43%.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded shares of John Wiley & Sons from a “c” rating to a “b-” rating in a report on Wednesday, December 7th.
Insider Activity
In related news, EVP Aref Matin sold 11,450 shares of the business’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $43.51, for a total value of $498,189.50. Following the transaction, the executive vice president now owns 8,166 shares in the company, valued at $355,302.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.
John Wiley & Sons Profile
John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The Research Publishing & Platforms segment provides scientific, technical, medical, and scholarly journals, as well as related content and services to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals.
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