Northern Trust Corp Acquires 11,010 Shares of Pearson, PLC $PSO

Northern Trust Corp raised its holdings in Pearson, PLC (NYSE:PSO) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 716,632 shares of the company’s stock after purchasing an additional 11,010 shares during the quarter. Northern Trust Corp owned approximately 0.11% of Pearson worth $11,473,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Callan Capital LLC raised its position in Pearson by 3.7% in the 1st quarter. Callan Capital LLC now owns 18,626 shares of the company’s stock valued at $298,000 after purchasing an additional 661 shares during the last quarter. Choreo LLC increased its stake in shares of Pearson by 7.4% in the 1st quarter. Choreo LLC now owns 11,939 shares of the company’s stock valued at $191,000 after buying an additional 823 shares during the period. Signaturefd LLC grew its stake in shares of Pearson by 6.0% during the first quarter. Signaturefd LLC now owns 18,083 shares of the company’s stock worth $290,000 after purchasing an additional 1,027 shares during the period. M&T Bank Corp grew its stake in shares of Pearson by 7.6% during the first quarter. M&T Bank Corp now owns 16,417 shares of the company’s stock worth $263,000 after purchasing an additional 1,165 shares during the period. Finally, CWM LLC grew its stake in shares of Pearson by 43.6% during the first quarter. CWM LLC now owns 4,140 shares of the company’s stock worth $66,000 after purchasing an additional 1,256 shares during the period. Institutional investors own 2.14% of the company’s stock.

Pearson Stock Performance

Shares of NYSE PSO opened at $14.26 on Friday. The stock has a 50 day moving average price of $14.53 and a 200 day moving average price of $15.43. Pearson, PLC has a 52 week low of $13.27 and a 52 week high of $17.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.24 and a current ratio of 2.31. The stock has a market capitalization of $9.25 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 2.37 and a beta of 0.57.

Pearson Cuts Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on PSO. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Pearson in a research note on Monday, August 4th. Wall Street Zen cut Pearson from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, BNP Paribas raised Pearson from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.00.

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.