Cubist Systematic Strategies LLC Invests $102,000 in Pearson PLC (PSO) Stock

Cubist Systematic Strategies LLC bought a new position in shares of Pearson PLC (NYSE:PSO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,750 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors have also recently bought and sold shares of the company. CIBC World Markets Inc. bought a new stake in Pearson during the 2nd quarter worth approximately $1,189,000. Cognios Capital LLC bought a new position in shares of Pearson in the 2nd quarter worth $840,000. US Bancorp DE increased its holdings in shares of Pearson by 153.6% in the 2nd quarter. US Bancorp DE now owns 150,265 shares of the company’s stock worth $1,743,000 after buying an additional 91,015 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Pearson by 10.3% in the 2nd quarter. Bank of Montreal Can now owns 88,548 shares of the company’s stock worth $1,027,000 after buying an additional 8,295 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Pearson in the 1st quarter worth $1,230,000. 1.34% of the stock is currently owned by institutional investors and hedge funds.

PSO has been the topic of a number of research analyst reports. Credit Suisse Group lowered shares of Pearson from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 19th. Societe Generale lowered shares of Pearson from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. Finally, Citigroup lowered shares of Pearson from a “buy” rating to a “neutral” rating in a report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Pearson presently has a consensus rating of “Hold” and an average price target of $11.00.

Shares of NYSE:PSO opened at $10.25 on Friday. The firm has a market capitalization of $8.99 billion, a PE ratio of 14.67 and a beta of 0.09. Pearson PLC has a one year low of $8.17 and a one year high of $12.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.86 and a current ratio of 1.97.

The business also recently declared a semiannual dividend, which was paid on Wednesday, September 19th. Stockholders of record on Friday, August 17th were issued a $0.0722 dividend. This is a positive change from Pearson’s previous semiannual dividend of $0.07. The ex-dividend date was Thursday, August 16th. This represents a dividend yield of 1.24%. Pearson’s dividend payout ratio is presently 20.00%.

About Pearson

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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Institutional Ownership by Quarter for Pearson (NYSE:PSO)

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