Several other equities analysts also recently weighed in on PSO. Credit Suisse Group increased their target price on Pearson from GBX 1,000 ($12.17) to GBX 1,030 ($12.53) in a research report on Tuesday, August 1st. Barclays increased their price objective on shares of Pearson from GBX 900 ($10.95) to GBX 930 ($11.32) in a report on Monday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Pearson from GBX 1,190 ($14.48) to GBX 1,210 ($14.72) in a report on Wednesday, September 13th. Finally, UBS Group raised shares of Pearson from a neutral rating to a buy rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $1,027.50.
Pearson Stock Performance
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of PSO. Advisor Group Holdings Inc. raised its stake in shares of Pearson by 175.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 21,123 shares of the company’s stock valued at $212,000 after acquiring an additional 13,454 shares during the period. JPMorgan Chase & Co. raised its position in Pearson by 11.0% in the first quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock valued at $116,000 after purchasing an additional 1,153 shares during the period. Bank of New York Mellon Corp raised its position in Pearson by 13.8% in the first quarter. Bank of New York Mellon Corp now owns 47,051 shares of the company’s stock valued at $469,000 after purchasing an additional 5,692 shares during the period. US Bancorp DE lifted its stake in shares of Pearson by 13.7% during the first quarter. US Bancorp DE now owns 49,032 shares of the company’s stock worth $489,000 after purchasing an additional 5,926 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Pearson by 54.4% in the first quarter. HighTower Advisors LLC now owns 16,034 shares of the company’s stock worth $158,000 after buying an additional 5,649 shares during the period. 2.21% of the stock is owned by institutional investors and hedge funds.
Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.
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