US Bancorp DE lifted its position in shares of Pearson, PLC (NYSE:PSO – Free Report) by 18.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,703 shares of the company’s stock after purchasing an additional 13,043 shares during the quarter. US Bancorp DE’s holdings in Pearson were worth $1,265,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC raised its position in shares of Pearson by 1,798.8% during 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 period. Brooklyn Investment Group raised its position in shares of Pearson by 308.3% during the first quarter. Brooklyn Investment Group now owns 2,356 shares of the company’s stock worth $38,000 after purchasing an additional 1,779 shares during the period. Global Trust Asset Management LLC acquired a new position in shares of Pearson during the second quarter worth approximately $64,000. CWM LLC grew its holdings in Pearson by 43.6% during 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 in the last quarter. Finally, Hilltop National Bank bought a new stake in Pearson during the second quarter worth $83,000. 2.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. BNP Paribas upgraded Pearson from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Pearson in a report on Monday, August 4th. Wall Street Zen downgraded Pearson from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Pearson in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $18.00.
Pearson Stock Up 0.7%
Shares of NYSE:PSO opened at $14.68 on Friday. The company has a market capitalization of $9.49 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55. 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 business has a fifty day moving average price of $14.31 and a two-hundred day moving average price of $14.91. Pearson, PLC has a 1 year low of $13.27 and a 1 year high of $17.90.
Pearson Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, August 15th were paid a $0.0892 dividend. This represents a yield of 210.0%. The ex-dividend date was Friday, August 15th. Pearson’s dividend payout ratio is 22.34%.
Pearson Company 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.
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