Pearson, PLC (NYSE:PSO) Given Average Rating of “Hold” by Brokerages

Shares of Pearson, PLC (NYSE:PSO) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company.

A number of brokerages have issued reports on PSO. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a research report on Monday, August 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Pearson in a research note on Tuesday, September 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Citigroup downgraded shares of Pearson from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 2nd. Finally, The Goldman Sachs Group lowered shares of Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th.

Pearson Stock Performance

Shares of PSO opened at $15.72 on Thursday. Pearson has a one year low of $12.02 and a one year high of $17.75. The stock has a 50-day moving average price of $16.53 and a 200 day moving average price of $15.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.94.

Pearson Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, August 14th will be given a dividend of $0.1103 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a dividend yield of 137.0%.

Institutional Trading of Pearson

Several institutional investors and hedge funds have recently bought and sold shares of PSO. CIBC Private Wealth Group LLC lifted its holdings 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 buying an additional 1,590 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Pearson in the 4th quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pearson in the 4th quarter valued at approximately $42,000. Royal Bank of Canada raised its position in shares of Pearson by 86.5% during the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Pearson by 31.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,758 shares of the company’s stock valued at $110,000 after acquiring an additional 1,874 shares in the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

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.