SCHEDULE: Neuberger Berman Discloses 6.4% Passive Stake in John Wiley & Sons

Neuberger Berman Group LLC and its affiliate Neuberger Berman Investment Advisers LLC have disclosed a passive beneficial ownership of 6.4% in John Wiley & Sons, Inc. common stock.

Summary

• Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC have filed a Schedule 13G, indicating beneficial ownership of common stock in JOHN WILEY & SONS, INC.
• Neuberger Berman Group LLC beneficially owns an aggregate of 2,862,287 shares, representing 6.4% of the class.
• Neuberger Berman Investment Advisers LLC beneficially owns an aggregate of 2,842,570 shares, also representing 6.4% of the class.
• Both entities report 0 sole voting power and 0 sole dispositive power.
• Neuberger Berman Group LLC holds shared voting power over 2,728,963 shares and shared dispositive power over 2,862,287 shares.
• Neuberger Berman Investment Advisers LLC holds shared voting power over 2,711,613 shares and shared dispositive power over 2,842,570 shares.
• The filing is made under Rule 13d-1(b), certifying that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Neuberger Berman Group LLC and its affiliates disclaim beneficial ownership of the securities, stating they hold them in various fiduciary capacities for clients who retain the sole right to receive dividends and proceeds from sales.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without expressing positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing represents a standard disclosure by a large institutional investment manager regarding its passive stake in a publicly traded company, common in the financial industry for transparency of significant holdings.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by a reputable investment firm like Neuberger Berman may be viewed as a vote of confidence, potentially influencing market perception positively, although no active management or strategic changes are implied.

Key Dates

Keywords

John Wiley & Sons, Neuberger Berman, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing