Bank of New York Mellon Corp Takes Position in John Wiley & Sons, Inc. (NYSE:WLY)

Bank of New York Mellon Corp acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 981,362 shares of the company’s stock, valued at approximately $36,860,000.

Other large investors have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new stake in shares of John Wiley & Sons in the 3rd quarter valued at about $25,000. First Horizon Advisors Inc. acquired a new stake in John Wiley & Sons during the 3rd quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC bought a new position in John Wiley & Sons during the 3rd quarter worth approximately $30,000. US Bancorp DE acquired a new position in shares of John Wiley & Sons in the 3rd quarter worth approximately $32,000. Finally, Global Retirement Partners LLC bought a new stake in shares of John Wiley & Sons in the 3rd quarter valued at $34,000. Institutional investors own 72.99% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Aref Matin sold 11,450 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $43.51, for a total transaction of $498,189.50. Following the transaction, the executive vice president now owns 8,166 shares in the company, valued at approximately $355,302.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company’s stock.

John Wiley & Sons Stock Down 1.3 %

Shares of NYSE:WLY opened at $35.61 on Tuesday. John Wiley & Sons, Inc. has a 1 year low of $35.04 and a 1 year high of $56.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.65. The business’s 50-day moving average is $44.28 and its 200-day moving average is $43.04. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -209.47 and a beta of 1.04.

John Wiley & Sons Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Tuesday, December 27th were paid a $0.347 dividend. This represents a $1.39 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, December 23rd. John Wiley & Sons’s dividend payout ratio (DPR) is presently -817.65%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of John Wiley & Sons from a “b” rating to a “c” rating in a research note on Thursday.

John Wiley & Sons Company Profile

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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.