Bank of America Corp DE boosted its position in Pearson plc (NYSE:PSO - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 190,405 shares of the company's stock after acquiring an additional 32,574 shares during the period. Bank of America Corp DE's holdings in Pearson were worth $3,069,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Pearson during the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC lifted its position in Pearson by 228.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,044 shares of the company's stock valued at $65,000 after acquiring an additional 2,811 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Pearson by 251.4% in the 4th quarter. Russell Investments Group Ltd. now owns 5,247 shares of the company's stock valued at $85,000 after acquiring an additional 3,754 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Pearson by 39.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,807 shares of the company's stock valued at $110,000 after purchasing an additional 1,937 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new stake in shares of Pearson in the fourth quarter worth approximately $134,000. Institutional investors and hedge funds own 2.14% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on PSO shares. The Goldman Sachs Group started coverage on Pearson in a research report on Wednesday, March 26th. They set a "buy" rating on the stock. Wall Street Zen raised shares of Pearson from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Finally, National Bankshares set a $18.00 price target on shares of Pearson in a research report on Tuesday, February 18th.
Check Out Our Latest Research Report on PSO
Pearson Stock Performance
Shares of NYSE PSO traded up $0.14 during midday trading on Wednesday, reaching $15.00. The company's stock had a trading volume of 684,284 shares, compared to its average volume of 473,540. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The stock has a market capitalization of $9.93 billion, a P/E ratio of 15.96, a PEG ratio of 2.65 and a beta of 0.62. The firm has a 50 day moving average price of $15.88 and a 200-day moving average price of $16.10. Pearson plc has a 12-month low of $11.93 and a 12-month high of $17.90.
About Pearson
(
Free Report)
Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.
Further Reading
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