Henry James International Management Inc. reduced its holdings in Pearson plc (NYSE:PSO - Free Report) by 22.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 270,333 shares of the company's stock after selling 76,185 shares during the period. Pearson makes up 1.2% of Henry James International Management Inc.'s portfolio, making the stock its 24th largest holding. Henry James International Management Inc.'s holdings in Pearson were worth $3,322,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. 13D Management LLC lifted its holdings in Pearson by 35.5% during the 3rd quarter. 13D Management LLC now owns 757,583 shares of the company's stock valued at $7,985,000 after buying an additional 198,674 shares in the last quarter. Mariner LLC raised its stake in shares of Pearson by 43.1% during the third quarter. Mariner LLC now owns 132,517 shares of the company's stock valued at $1,397,000 after acquiring an additional 39,939 shares in the last quarter. Syon Capital LLC bought a new position in Pearson in the fourth quarter worth approximately $288,000. QRG Capital Management Inc. bought a new position in Pearson in the third quarter worth approximately $177,000. Finally, Crane Advisory LLC purchased a new position in Pearson during the 4th quarter worth $170,000. 2.14% of the stock is currently owned by institutional investors.
Pearson Stock Up 1.1 %
Pearson stock traded up $0.14 during trading hours on Friday, reaching $12.41. The stock had a trading volume of 362,397 shares, compared to its average volume of 463,619. Pearson plc has a 52 week low of $9.77 and a 52 week high of $13.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 1.73. The business's 50 day moving average price is $12.67 and its 200-day moving average price is $12.23.
Pearson Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 22nd will be paid a $0.1987 dividend. This represents a yield of 2.2%. This is an increase from Pearson's previous Semi-Annual dividend of $0.07. The ex-dividend date is Thursday, March 21st.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Pearson from a "hold" rating to a "buy" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,056.67.
Check Out Our Latest Analysis on Pearson
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.
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