Pearson, PLC (NYSE:PSO – Get Free Report) has received an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company.
A number of equities research analysts have weighed in on PSO shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pearson in a report on Monday, August 3rd. Weiss Ratings lowered Pearson from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, September 28th. Citigroup downgraded shares of Pearson from a “buy” rating to a “neutral” rating in a report on Wednesday, September 2nd. Kepler Capital Markets downgraded Pearson from a “hold” rating to a “strong sell” rating in a research report on Monday, September 7th. Finally, The Goldman Sachs Group downgraded Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th.
Get Our Latest Stock Report on Pearson
Pearson Trading Up 2.1%
Pearson Cuts Dividend
The business also recently announced a dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, August 14th were given a dividend of $0.1103 per share. This is a drop from Pearson’s previous dividend of $0.2346. The ex-dividend date of this dividend was Friday, August 14th. This represents a yield of 137.0%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its holdings in shares of Pearson by 26.4% during the second quarter. QRG Capital Management Inc. now owns 224,809 shares of the company’s stock worth $3,572,000 after purchasing an additional 47,023 shares during the period. Sequoia Financial Advisors LLC raised its position in Pearson by 3.4% during the second quarter. Sequoia Financial Advisors LLC now owns 40,867 shares of the company’s stock worth $649,000 after acquiring an additional 1,334 shares during the period. WINTON GROUP Ltd lifted its stake in Pearson by 44.9% in the 2nd quarter. WINTON GROUP Ltd now owns 24,200 shares of the company’s stock valued at $385,000 after buying an additional 7,500 shares in the last quarter. Syon Capital LLC raised its holdings in shares of Pearson by 14.8% during the second quarter. Syon Capital LLC now owns 28,322 shares of the company’s stock valued at $450,000 after acquiring an additional 3,654 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Pearson by 44.3% during the 2nd quarter. GAMMA Investing LLC now owns 8,880 shares of the company’s stock worth $141,000 after purchasing an additional 2,727 shares during the last quarter. 2.14% of the stock is owned by institutional investors and hedge funds.
Pearson Company Profile
Pearson plc is a global learning and education company headquartered in London, England. Through its assessment, qualifications, learning content and digital services businesses, Pearson supports students, educators, institutions, employers and governments throughout the education and workforce-development lifecycle.
The company provides academic and professional assessments, English-language testing, vocational and higher-education qualifications, textbooks, digital courseware and online learning platforms.
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