Pearson (NYSE:PSO) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Pearson (NYSE:PSOFree Report) from a buy rating to a hold rating in a report released on Monday morning.

Pearson Trading Down 1.1 %

Pearson stock opened at $13.02 on Monday. The stock has a market capitalization of $8.95 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.41. Pearson has a 12-month low of $9.28 and a 12-month high of $13.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.67. The firm has a 50 day simple moving average of $12.48 and a 200-day simple moving average of $11.94.

Pearson Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 22nd will be issued a dividend of $0.1987 per share. This represents a yield of 2.2%. This is a boost from Pearson’s previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, March 21st. Pearson’s dividend payout ratio (DPR) is presently 44.94%.

Institutional Trading of Pearson

A number of large investors have recently added to or reduced their stakes in PSO. Ballentine Partners LLC lifted its position in shares of Pearson by 6.5% in the 3rd quarter. Ballentine Partners LLC now owns 17,745 shares of the company’s stock valued at $187,000 after acquiring an additional 1,086 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Pearson by 2.4% in the 1st quarter. American Century Companies Inc. now owns 49,290 shares of the company’s stock valued at $501,000 after acquiring an additional 1,145 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Pearson by 11.0% in the 1st quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock worth $116,000 after buying an additional 1,153 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in Pearson by 10.1% in the 3rd quarter. Janiczek Wealth Management LLC now owns 13,013 shares of the company’s stock worth $137,000 after buying an additional 1,198 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in Pearson by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 16,519 shares of the company’s stock worth $203,000 after buying an additional 1,328 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors.

Pearson Company Profile

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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, Workforce Skills, and Higher Education.

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