Wall Street Zen upgraded shares of Pearson (NYSE:PSO – Free Report) from a hold rating to a buy rating in a research report report published on Saturday.
Other analysts have also issued research reports about the company. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. The Goldman Sachs Group cut Pearson from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pearson in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Pearson has a consensus rating of “Hold”.
Get Our Latest Stock Report on Pearson
Pearson Stock Up 0.3%
Pearson Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, August 14th will be given a $0.1103 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a dividend yield of 137.0%.
Institutional Investors Weigh In On Pearson
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Pearson by 72.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock worth $21,605,000 after acquiring an additional 691,339 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Pearson by 16.8% during the 1st quarter. Quantinno Capital Management LP now owns 512,854 shares of the company’s stock worth $6,734,000 after acquiring an additional 73,788 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Pearson by 215.5% during the 4th quarter. Hantz Financial Services Inc. now owns 54,770 shares of the company’s stock worth $769,000 after acquiring an additional 37,413 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Pearson by 30.1% during the fourth quarter. QRG Capital Management Inc. now owns 156,839 shares of the company’s stock worth $2,202,000 after purchasing an additional 36,302 shares during the last quarter. Finally, Barometer Capital Management Inc. lifted its stake in Pearson by 545.3% during the fourth quarter. Barometer Capital Management Inc. now owns 64,600 shares of the company’s stock worth $907,000 after purchasing an additional 54,589 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.
About Pearson
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.
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