M&T Bank Corp Acquires 1,165 Shares of Pearson, PLC (NYSE:PSO)

M&T Bank Corp lifted its stake in Pearson, PLC (NYSE:PSO) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,417 shares of the company’s stock after purchasing an additional 1,165 shares during the period. M&T Bank Corp’s holdings in Pearson were worth $263,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PSO. U.S. Capital Wealth Advisors LLC bought a new stake in Pearson during the first quarter valued at approximately $185,000. Callan Capital LLC grew its holdings in shares of Pearson by 3.7% in the first quarter. Callan Capital LLC now owns 18,626 shares of the company’s stock worth $298,000 after purchasing an additional 661 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Pearson by 1,798.8% in the first quarter. TD Private Client Wealth LLC now owns 1,633 shares of the company’s stock worth $26,000 after purchasing an additional 1,547 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Pearson by 146.3% in the first quarter. Envestnet Asset Management Inc. now owns 151,413 shares of the company’s stock worth $2,424,000 after acquiring an additional 89,949 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Pearson by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 56,588 shares of the company’s stock valued at $906,000 after buying an additional 2,333 shares during the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Performance

Shares of NYSE:PSO opened at $14.26 on Friday. Pearson, PLC has a one year low of $13.05 and a one year high of $17.90. The company has a market cap of $9.43 billion, a P/E ratio of 15.16, a PEG ratio of 2.51 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.85. The business’s 50-day simple moving average is $15.19 and its 200 day simple moving average is $15.84.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen lowered Pearson from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 27th. BNP Paribas upgraded Pearson from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group initiated coverage on Pearson in a research report on Wednesday, March 26th. They set a “buy” rating for the company.

Pearson Profile

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.