4. QUALITY EDUCATION

John Wiley & Sons, Inc. (NYSE:WLY) Shares Sold by Citigroup Inc.

Written by Amanda

Citigroup Inc. trimmed its holdings in John Wiley & Sons, Inc. (NYSE:WLYGet Rating) by 29.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,540 shares of the company’s stock after selling 4,070 shares during the period. Citigroup Inc.’s holdings in John Wiley & Sons were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Van ECK Associates Corp raised its position in shares of John Wiley & Sons by 7.7% in the fourth quarter. Van ECK Associates Corp now owns 265,669 shares of the company’s stock valued at $10,642,000 after buying an additional 18,894 shares during the last quarter. Nordea Investment Management AB raised its position in shares of John Wiley & Sons by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 37,782 shares of the company’s stock valued at $1,506,000 after buying an additional 438 shares during the last quarter. Swiss National Bank raised its position in shares of John Wiley & Sons by 1.8% in the fourth quarter. Swiss National Bank now owns 107,000 shares of the company’s stock valued at $4,286,000 after buying an additional 1,900 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of John Wiley & Sons by 11.3% in the fourth quarter. Russell Investments Group Ltd. now owns 202,979 shares of the company’s stock valued at $8,131,000 after buying an additional 20,642 shares during the last quarter. Finally, Boston Partners raised its position in shares of John Wiley & Sons by 22.1% in the fourth quarter. Boston Partners now owns 461,207 shares of the company’s stock valued at $19,015,000 after buying an additional 83,440 shares during the last quarter. 72.99% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Trading Up 2.0 %

Shares of WLY opened at $38.77 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.92. John Wiley & Sons, Inc. has a 12-month low of $34.48 and a 12-month high of $54.15. The firm has a 50-day moving average price of $37.15 and a 200 day moving average price of $40.86. The firm has a market capitalization of $2.15 billion, a P/E ratio of -228.06 and a beta of 1.03.

John Wiley & Sons (NYSE:WLYGet Rating) last announced its quarterly earnings data on Thursday, March 9th. The company reported $0.85 earnings per share (EPS) for the quarter. John Wiley & Sons had a negative net margin of 0.39% and a positive return on equity of 18.09%. The firm had revenue of $491.37 million during the quarter. Sell-side analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th were paid a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Monday, April 10th. John Wiley & Sons’s dividend payout ratio (DPR) is presently -817.65%.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered shares of John Wiley & Sons from a “b” rating to a “c” rating in a report on Thursday, March 9th.

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Matthew Leavy sold 4,500 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $37.28, for a total transaction of $167,760.00. Following the completion of the transaction, the executive vice president now owns 5,184 shares of the company’s stock, valued at $193,259.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by insiders.

John Wiley & Sons Profile

(Get Rating)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai