Pearson, PLC $PSO Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Pearson, PLC (NYSE:PSO) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,039 shares of the company’s stock after purchasing an additional 1,587 shares during the period. Rhumbline Advisers’ holdings in Pearson were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC increased its stake in Pearson by 1,798.8% in the 1st 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 in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Pearson by 308.3% in the first quarter. Brooklyn Investment Group now owns 2,356 shares of the company’s stock worth $38,000 after buying an additional 1,779 shares during the period. CWM LLC boosted its holdings in shares of Pearson by 43.6% in the first quarter. CWM LLC now owns 4,140 shares of the company’s stock worth $66,000 after buying an additional 1,256 shares during the period. Assetmark Inc. increased its position in shares of Pearson by 247.6% in the first quarter. Assetmark Inc. now owns 6,202 shares of the company’s stock worth $99,000 after acquiring an additional 4,418 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Pearson by 54.6% during the first quarter. Russell Investments Group Ltd. now owns 8,112 shares of the company’s stock valued at $130,000 after acquiring an additional 2,865 shares during the period. 2.14% of the stock is owned by institutional investors and hedge funds.

Pearson Price Performance

Shares of NYSE:PSO opened at $13.92 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.31 and a quick ratio of 2.24. The stock has a market capitalization of $8.99 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.47 and a beta of 0.57. The business has a 50-day moving average of $14.38 and a two-hundred day moving average of $15.12. Pearson, PLC has a fifty-two week low of $13.27 and a fifty-two week high of $17.90.

Pearson Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, August 15th were given a dividend of $0.0892 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a yield of 210.0%. Pearson’s dividend payout ratio is presently 22.34%.

Wall Street Analysts Forecast Growth

PSO has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Pearson from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. BNP Paribas upgraded Pearson from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pearson in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $18.00.

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.