25,063 Shares in Pearson, PLC $PSO Purchased by Cetera Investment Advisers

Key Points

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Cetera Investment Advisers purchased a new stake in Pearson, PLC (NYSE:PSO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,063 shares of the company's stock, valued at approximately $401,000.

A number of other institutional investors have also made changes to their positions in the business. Dorsey Wright & Associates bought a new stake in shares of Pearson in the first quarter worth $2,042,000. Choreo LLC raised its position in Pearson by 7.4% during the first quarter. Choreo LLC now owns 11,939 shares of the company's stock worth $191,000 after acquiring an additional 823 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Pearson during the first quarter worth $242,000. Signaturefd LLC raised its position in Pearson by 6.0% during the first quarter. Signaturefd LLC now owns 18,083 shares of the company's stock worth $290,000 after acquiring an additional 1,027 shares in the last quarter. Finally, MQS Management LLC bought a new stake in Pearson during the first quarter worth $258,000. Institutional investors own 2.14% of the company's stock.

Pearson Stock Up 0.7%

NYSE PSO traded up $0.1050 during mid-day trading on Friday, hitting $14.8750. The company's stock had a trading volume of 221,385 shares, compared to its average volume of 666,041. The company's 50 day simple moving average is $14.53 and its 200 day simple moving average is $15.57. Pearson, PLC has a twelve month low of $13.27 and a twelve month high of $17.90. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 2.48 and a beta of 0.58.

Pearson Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be given a $0.0892 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 210.0%. Pearson's dividend payout ratio (DPR) is presently 19.15%.

Analyst Ratings Changes

Several research firms have commented on PSO. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Pearson in a report on Monday, August 4th. BNP Paribas upgraded shares of Pearson from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Wall Street Zen downgraded shares of Pearson from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Pearson currently has an average rating of "Buy" and an average price target of $18.00.

Pearson Profile

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.