Nordea Investment Management AB, a prominent institutional investor, has significantly increased its stake in John Wiley & Sons, Inc. during the second quarter of this year, according to a recent filing with the US Securities and Exchange Commission (SEC). The investment management company now owns 88,466 shares of John Wiley & Sons’ stock, marking a substantial 146.8% increase from their previous holdings. With the additional purchase of 52,623 shares in this period, Nordea Investment Management AB’s ownership represents approximately 0.16% of John Wiley & Sons’ total market value. Based on the most recent SEC filing, this equates to an estimated worth of $3,025,000.
John Wiley & Sons is a renowned global research and education company that provides content and services to various sectors worldwide. Its operations are divided into three segments: Research, Academic, and Talent. The company primarily offers a wide range of scientific, technical, medical, and scholarly journals to learned societies, individual researchers, professionals, as well as academic institutions and libraries belonging to corporate entities and government organizations.
Analyzing recent stock market trends for John Wiley & Sons reveals that on Friday the company’s shares opened at $37.07. Over the past year, the stock has fluctuated between a low of $30.05 and a high of $49.58 per share. Presently trading at slightly above its lowest point for the year thus far; it possesses a 50-day moving average price of $35.68 and a 200-day moving average price of $36.10.
As for its financials in relation to its market position going forward as of September 2023-John Wiley & Sons boasts a market capitalization valued at approximately $2.05 billion with negative earnings per share (P/E ratio -34.97) indicating potential loss experienced by shareholders concerning each unit held’s inherent value in terms relative to financial performance. With a beta of 0.97, signifying moderate volatility in comparison to the broader market, the company holds a quick ratio of 0.63 and a current ratio of 0.68, underscoring its liquidity capacity. Additionally, John Wiley & Sons’ debt-to-equity ratio stands at 0.95, which indicates that the company has significant reliance on borrowed funds compared to shareholder equity.
As Nordea Investment Management AB reinforces its position in John Wiley & Sons, Inc., this move speaks volumes about the institutional investor’s confidence in the research and education company’s future potential and prospects for growth. While these figures showcase notable developments within the investment landscape, investors should be aware that investing decisions require a thorough analysis of various factors before making any definitive conclusions regarding a particular stock or company.
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John Wiley & Sons Attracts Institutional Investors and Increases Dividend
John Wiley & Sons, a leading academic publishing company, has attracted the attention of several institutional investors who have either increased or decreased their stakes in the company. US Bancorp DE, for instance, has grown its position in John Wiley & Sons by 37.4% during the first quarter of this year. This move has seen the bank’s ownership of the company’s shares rise to 1,087 with an estimated value of $42,000.
Another prominent institutional investor that has shown interest in John Wiley & Sons is Allspring Global Investments Holdings LLC. The company saw its position increase by an impressive 131.1% during the first quarter as it acquired an additional 1,058 shares valued at $72,000.
Public Employees Retirement System of Ohio also entered the picture by buying a new position in John Wiley & Sons during the third quarter with a value estimated at $109,000. Point72 Middle East FZE followed suit during the fourth quarter with a new position worth approximately $126,000.
Further adding to the intrigue surrounding John Wiley & Sons is Assetmark Inc., which has grown its position by 60.1% during the first quarter alone. The company now owns 3,913 shares valued at $152,000. These moves reflect growing interest and confidence in John Wiley & Sons from various institutional investors.
It is worth noting that 84.57% of John Wiley & Sons’ stock is owned by institutional investors – a significant proportion that speaks to their confidence in the company’s performance and potential for growth.
In addition to these developments, director David C. Dobson recently acquired 3,000 shares of John Wiley & Sons’ stock on June 26th at an average price of $31.66 per share, amounting to a total transaction value of $94,980. Following this purchase, Dobson now holds 7,952 shares valued at around $251,760.32. This purchase was disclosed through a legal filing with the Securities & Exchange Commission and is public information.
Furthermore, John Wiley & Sons recently announced an increase in its quarterly dividend, which was paid out on July 20th to stockholders of record as of July 6th. The previous quarterly dividend of $0.35 per share was raised to the same amount, signifying a commitment to shareholders and their returns on investment. This translates to an annualized dividend of $1.40 and a dividend yield of 3.78%. The ex-dividend date for this increased payout was Wednesday, July 5th.
In conclusion, John Wiley & Sons has attracted significant attention from institutional investors who have either increased or reduced their stakes in the company. These moves reflect growing confidence in John Wiley & Sons’ performance and potential for future growth in the academic publishing industry. Additionally, director David C. Dobson made a substantial purchase of company stock, further indicating his belief in its value and prospects. Lastly, the recent increase in the quarterly dividend demonstrates John Wiley & Sons’ commitment to rewarding its shareholders and reinforcing its position as a reliable investment option.
