Invesco Ltd. lowered its holdings in Pearson, PLC (NYSE:PSO - Free Report) by 32.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 515,011 shares of the company's stock after selling 243,310 shares during the quarter. Invesco Ltd. owned approximately 0.08% of Pearson worth $8,245,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in shares of Pearson by 1,798.8% during the first quarter. TD Private Client Wealth LLC now owns 1,633 shares of the company's stock valued at $26,000 after acquiring an additional 1,547 shares in the last quarter. CWM LLC boosted its position in Pearson by 43.6% during the first quarter. CWM LLC now owns 4,140 shares of the company's stock worth $66,000 after purchasing an additional 1,256 shares in the last quarter. Assetmark Inc. boosted its position in Pearson by 247.6% during the first quarter. Assetmark Inc. now owns 6,202 shares of the company's stock worth $99,000 after purchasing an additional 4,418 shares in the last quarter. Wells Fargo & Company MN boosted its position in Pearson by 45.6% during the fourth quarter. Wells Fargo & Company MN now owns 8,418 shares of the company's stock worth $136,000 after purchasing an additional 2,637 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Pearson by 850.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,073 shares of the company's stock worth $146,000 after buying an additional 8,118 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors.
Pearson Price Performance
Shares of PSO stock traded down $0.09 during mid-day trading on Friday, reaching $14.58. The stock had a trading volume of 248,468 shares, compared to its average volume of 659,203. Pearson, PLC has a 12-month low of $13.27 and a 12-month high of $17.90. The company has a market cap of $9.46 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. The business has a 50-day simple moving average of $14.55 and a 200 day simple moving average of $15.51. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40.
Pearson Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be given a $0.0892 dividend. This represents a dividend yield of 210.0%. The ex-dividend date is Friday, August 15th. Pearson's dividend payout ratio is currently 19.15%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on PSO shares. BNP Paribas raised shares of Pearson from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Pearson in a report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Pearson from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $18.00.
Get Our Latest Stock Analysis on PSO
Pearson Profile
(
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.
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