Cetera Investment Advisers Takes Position in Pearson, PLC $PSO

Cetera Investment Advisers acquired a new stake in Pearson, PLC (NYSE:PSO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,063 shares of the company’s stock, valued at approximately $401,000.

Several other institutional investors and hedge funds have also modified their holdings of PSO. TD Private Client Wealth LLC increased its stake in Pearson by 1,798.8% during the 1st quarter. TD Private Client Wealth LLC now owns 1,633 shares of the company’s stock worth $26,000 after buying an additional 1,547 shares in the last quarter. CWM LLC increased its stake in Pearson by 43.6% during the 1st quarter. CWM LLC now owns 4,140 shares of the company’s stock worth $66,000 after buying an additional 1,256 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Pearson by 251.4% in the fourth quarter. Russell Investments Group Ltd. now owns 5,247 shares of the company’s stock valued at $85,000 after purchasing an additional 3,754 shares in the last quarter. GeoWealth Management LLC purchased a new stake in shares of Pearson in the fourth quarter valued at approximately $134,000. Finally, Wells Fargo & Company MN grew its position in shares of Pearson by 45.6% in the fourth quarter. Wells Fargo & Company MN now owns 8,418 shares of the company’s stock valued at $136,000 after purchasing an additional 2,637 shares in the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

Pearson Price Performance

Shares of PSO opened at $14.53 on Tuesday. Pearson, PLC has a twelve month low of $13.27 and a twelve month high of $17.90. The stock’s 50 day moving average is $14.53 and its two-hundred day moving average is $15.60. The firm has a market capitalization of $9.43 billion, a PE ratio of 15.46, a P/E/G ratio of 2.43 and a beta of 0.58. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40.

Pearson Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be given a dividend of $0.0892 per share. This represents a dividend yield of 210.0%. The ex-dividend date is Friday, August 15th. Pearson’s payout ratio is currently 19.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pearson in a research report on Monday, August 4th. BNP Paribas upgraded Pearson from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Finally, Wall Street Zen cut Pearson from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th.

About Pearson

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.