Allianz Asset Management GmbH Buys 57,027 Shares of John Wiley & Sons, Inc. $WLY

Allianz Asset Management GmbH lifted its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 35.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,708 shares of the company’s stock after purchasing an additional 57,027 shares during the quarter. Allianz Asset Management GmbH owned about 0.41% of John Wiley & Sons worth $9,761,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of John Wiley & Sons by 35.8% in the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the company’s stock worth $70,000 after purchasing an additional 412 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of John Wiley & Sons by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 222,972 shares of the company’s stock worth $9,936,000 after purchasing an additional 5,901 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of John Wiley & Sons in the 1st quarter worth $723,000. Teacher Retirement System of Texas boosted its position in shares of John Wiley & Sons by 29.7% in the 1st quarter. Teacher Retirement System of Texas now owns 11,112 shares of the company’s stock worth $495,000 after purchasing an additional 2,546 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of John Wiley & Sons by 7.6% in the 1st quarter. American Century Companies Inc. now owns 102,777 shares of the company’s stock worth $4,580,000 after purchasing an additional 7,238 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WLY shares. Wall Street Zen cut John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of John Wiley & Sons in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

John Wiley & Sons Stock Performance

Shares of WLY opened at $37.65 on Wednesday. The stock has a 50-day moving average of $39.63 and a two-hundred day moving average of $40.82. John Wiley & Sons, Inc. has a one year low of $35.94 and a one year high of $53.96. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65. The stock has a market cap of $2.00 billion, a P/E ratio of 21.15 and a beta of 1.03.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Tuesday, February 28th. The company reported $1.29 earnings per share for the quarter. The business had revenue of $533.00 million during the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%. As a group, research analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.355 per share. The ex-dividend date is Tuesday, October 7th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.8%. John Wiley & Sons’s dividend payout ratio (DPR) is presently 79.78%.

John Wiley & Sons declared that its board has authorized a share buyback plan on Thursday, June 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.