JPMorgan Chase & Co. Sells 46,958 Shares of Pearson, PLC $PSO

JPMorgan Chase & Co. trimmed its stake in Pearson, PLC (NYSE:PSO) by 17.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 214,647 shares of the company’s stock after selling 46,958 shares during the period. JPMorgan Chase & Co.’s holdings in Pearson were worth $3,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Pearson by 0.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 120,197 shares of the company’s stock worth $1,702,000 after buying an additional 1,004 shares during the last quarter. Gitterman Wealth Management LLC grew its stake in Pearson by 8.6% in the 3rd quarter. Gitterman Wealth Management LLC now owns 16,449 shares of the company’s stock valued at $233,000 after buying an additional 1,299 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Pearson by 7.9% in the 3rd quarter. Ritholtz Wealth Management now owns 19,165 shares of the company’s stock worth $271,000 after acquiring an additional 1,404 shares during the period. CIBC Private Wealth Group LLC lifted its position in Pearson by 952.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its holdings in Pearson by 2.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 73,194 shares of the company’s stock valued at $1,036,000 after acquiring an additional 1,638 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings downgraded Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Citigroup assumed coverage on Pearson in a research note on Monday, January 12th. They set a “buy” rating for the company. Kepler Capital Markets raised Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Wall Street Zen raised Pearson from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Pearson Stock Performance

NYSE:PSO opened at $13.32 on Friday. The firm’s 50-day moving average is $12.83 and its 200-day moving average is $13.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00. Pearson, PLC has a 52-week low of $12.02 and a 52-week high of $16.67.

Pearson Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be issued a $0.2346 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 368.0%.

Pearson Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.