Pearson (NYSE:PSO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts have also commented on the company. Kepler Capital Markets raised Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings cut Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Citigroup started coverage on Pearson in a report on Monday, January 12th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Pearson Stock Performance

Shares of PSO opened at $12.85 on Friday. Pearson has a twelve month low of $12.02 and a twelve month high of $16.67. The firm has a 50 day moving average of $12.82 and a 200 day moving average of $13.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94.

Pearson Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be issued a $0.2346 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 368.0%.

Institutional Investors Weigh In On Pearson

Hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Pearson by 952.1% in the third 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 purchased a new stake in Pearson during the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its holdings in Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after buying an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Pearson in the fourth quarter worth approximately $42,000. Finally, AlphaCore Capital LLC purchased a new position in shares of Pearson during the 2nd quarter worth $70,000. Hedge funds and other institutional investors 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.