Principal Financial Group Inc. Sells 2,675 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Principal Financial Group Inc. trimmed its position in John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 493,456 shares of the company’s stock after selling 2,675 shares during the quarter. Principal Financial Group Inc.’s holdings in John Wiley & Sons were worth $19,768,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in shares of John Wiley & Sons in the 3rd quarter valued at about $26,000. Global Retirement Partners LLC bought a new position in John Wiley & Sons in the 3rd quarter valued at about $34,000. Allspring Global Investments Holdings LLC bought a new position in John Wiley & Sons in the 3rd quarter valued at about $30,000. US Bancorp DE bought a new position in John Wiley & Sons in the 3rd quarter valued at about $32,000. Finally, Ronald Blue Trust Inc. raised its holdings in John Wiley & Sons by 63.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,234 shares of the company’s stock valued at $46,000 after acquiring an additional 477 shares during the period. 72.99% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Matthew Leavy sold 4,500 shares of John Wiley & Sons stock in a transaction on 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

John Wiley & Sons Stock Down 0.9 %

Shares of WLY opened at $35.91 on Monday. John Wiley & Sons, Inc. has a 12 month low of $34.48 and a 12 month high of $54.38. The firm’s 50 day moving average is $37.08 and its 200-day moving average is $41.52. The stock has a market capitalization of $1.99 billion, a PE ratio of -211.24 and a beta of 1.03. 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 (NYSE:WLY – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $491.37 million for the quarter. John Wiley & Sons had a negative net margin of 0.39% and a positive return on equity of 18.09%. Equities research analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 25th. Stockholders of record on Tuesday, April 11th were paid a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Monday, April 10th. John Wiley & Sons’s payout ratio is currently -817.65%.

Wall Street Analyst Weigh In

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

About John Wiley & Sons

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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.