Shares of Pearson plc (LON:PSON – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,207.15 ($15.63) and traded as high as GBX 1,220.14 ($15.80). Pearson shares last traded at GBX 1,216 ($15.74), with a volume of 342,507,469 shares trading hands.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. upped their price target on shares of Pearson from GBX 1,400 ($18.13) to GBX 1,450 ($18.77) and gave the company an “overweight” rating in a report on Tuesday, January 14th.
Get Our Latest Report on Pearson
Pearson Stock Up 0.1 %
Pearson (LON:PSON – Get Free Report) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 62.10 ($0.80) earnings per share for the quarter. Pearson had a net margin of 9.83% and a return on equity of 8.98%.
Pearson Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 16.60 ($0.21) per share. This is a boost from Pearson’s previous dividend of $7.40. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 1.33%. Pearson’s payout ratio is presently 44.58%.
Insider Buying and Selling
In other Pearson news, insider Omar Abbosh sold 77,989 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of GBX 1,296 ($16.78), for a total transaction of £1,010,737.44 ($1,308,567.37). 0.35% of the stock is owned by company insiders.
Pearson Company Profile
At Pearson, our purpose is simple: to add life to a lifetime of learning. We believe that every learning opportunity is a chance for a personal breakthrough. That’s why our c.20,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world’s leading learning company, serving customers in c.200 countries with digital content, assessments, qualifications, and data.
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