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

Pearson, PLC (NYSE:PSO) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

A number of equities analysts have commented on PSO shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pearson in a research report on Tuesday, July 14th. The Goldman Sachs Group downgraded shares of Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Wall Street Zen cut shares of Pearson from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pearson in a research report on Monday, August 3rd.

Pearson Price Performance

NYSE:PSO opened at $16.16 on Friday. 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 firm’s fifty day moving average price is $16.20 and its 200 day moving average price is $14.56. Pearson has a 1-year low of $12.02 and a 1-year high of $17.75.

Pearson Cuts Dividend

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

Institutional Trading of Pearson

A number of institutional investors have recently modified their holdings of PSO. O Shaughnessy Asset Management LLC grew its holdings in Pearson by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 42,183 shares of the company’s stock worth $592,000 after acquiring an additional 863 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Pearson by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,482 shares of the company’s stock valued at $344,000 after acquiring an additional 930 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,036 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Pearson by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 56,380 shares of the company’s stock worth $740,000 after purchasing an additional 1,071 shares in the last quarter. Finally, Choreo LLC grew its stake in shares of Pearson by 9.2% during the 4th quarter. Choreo LLC now owns 16,058 shares of the company’s stock worth $227,000 after purchasing an additional 1,356 shares during the period. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Company Profile

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.