Quantinno Capital Management LP Increases Holdings in Pearson, PLC $PSO

Quantinno Capital Management LP increased its position in Pearson, PLC (NYSE:PSO) by 16.8% during the 1st quarter, Holdings Channel reports. The firm owned 512,854 shares of the company’s stock after acquiring an additional 73,788 shares during the quarter. Quantinno Capital Management LP’s holdings in Pearson were worth $6,734,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Pearson by 72.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock worth $21,605,000 after buying an additional 691,339 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Pearson by 215.5% in the fourth quarter. Hantz Financial Services Inc. now owns 54,770 shares of the company’s stock valued at $769,000 after acquiring an additional 37,413 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Pearson by 30.1% in the fourth quarter. QRG Capital Management Inc. now owns 156,839 shares of the company’s stock valued at $2,202,000 after acquiring an additional 36,302 shares in the last quarter. Barometer Capital Management Inc. lifted its stake in Pearson by 545.3% in the fourth quarter. Barometer Capital Management Inc. now owns 64,600 shares of the company’s stock worth $907,000 after acquiring an additional 54,589 shares during the period. Finally, Abacus Wealth Partners LLC bought a new position in Pearson during the 4th quarter worth about $1,034,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PSO has been the topic of a number of research reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Pearson in a report on Monday. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. The Goldman Sachs Group cut Pearson from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Wall Street Zen raised Pearson from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Pearson Stock Up 0.6%

Pearson stock opened at $16.66 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average of $16.04 and a two-hundred day moving average of $14.40. Pearson, PLC has a one year low of $12.02 and a one year high of $17.75.

Pearson Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.1103 per share. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 130.0%.

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.