Credit Suisse AG Makes New Investment in John Wiley & Sons, Inc. (NYSE:WLY)

Credit Suisse AG acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 42,010 shares of the company’s stock, valued at approximately $1,579,000.

Other hedge funds 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 3rd quarter worth approximately $25,000. First Horizon Advisors Inc. purchased a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $26,000. Ronald Blue Trust Inc. purchased a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $36,000. Global Retirement Partners LLC purchased a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $34,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $30,000. 72.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised John Wiley & Sons from a “c” rating to a “b-” rating in a research note on Wednesday, December 7th.

John Wiley & Sons Stock Performance

Shares of WLY stock opened at $43.39 on Wednesday. John Wiley & Sons, Inc. has a 12-month low of $36.57 and a 12-month high of $56.34. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 24.79 and a beta of 1.04. The stock has a 50 day simple moving average of $44.44 and a 200-day simple moving average of $43.43. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91.

John Wiley & Sons (NYSE:WLY – Get Rating) last released its quarterly earnings data on Wednesday, December 7th. The company reported $1.20 earnings per share for the quarter. John Wiley & Sons had a return on equity of 18.27% and a net margin of 4.79%. The firm had revenue of $514.84 million during the quarter. On average, equities analysts forecast that John Wiley & Sons, Inc. will post 3.7 EPS for the current year.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Tuesday, December 27th were paid a $0.347 dividend. This represents a $1.39 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, December 23rd. John Wiley & Sons’s payout ratio is currently 79.43%.

Insider Activity at John Wiley & Sons

In related news, EVP Aref Matin sold 11,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $43.51, for a total value of $498,189.50. Following the completion of the transaction, the executive vice president now directly owns 8,166 shares of the company’s stock, valued at approximately $355,302.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

About John Wiley & Sons

(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.