Pearson, PLC (PSO) Given Average Recommendation of “Hold” by Analysts
Pearson, PLC (NYSE:PSO) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company.
A number of research firms have issued reports on PSO. Zacks Investment Research raised shares of Pearson, PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of Pearson, PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Macquarie raised shares of Pearson, PLC from a “neutral” rating to an “outperform” rating in a research note on Friday, July 14th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSO. US Bancorp DE raised its holdings in shares of Pearson, PLC by 20.7% in the 1st quarter. US Bancorp DE now owns 11,872 shares of the company’s stock worth $101,000 after purchasing an additional 2,035 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Pearson, PLC in the 2nd quarter worth approximately $127,000. Timber Hill LLC raised its holdings in shares of Pearson, PLC by 31.3% in the 2nd quarter. Timber Hill LLC now owns 16,919 shares of the company’s stock worth $152,000 after purchasing an additional 4,035 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Pearson, PLC by 2.1% in the 2nd quarter. Greenleaf Trust now owns 17,180 shares of the company’s stock worth $154,000 after purchasing an additional 361 shares in the last quarter. Finally, Lapides Asset Management LLC raised its holdings in shares of Pearson, PLC by 35.5% in the 1st quarter. Lapides Asset Management LLC now owns 19,100 shares of the company’s stock worth $162,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 1.64% of the company’s stock.
Shares of Pearson, PLC (PSO) traded down 1.28% during midday trading on Tuesday, reaching $7.69. 429,923 shares of the company were exchanged. Pearson, PLC has a 52-week low of $7.04 and a 52-week high of $10.45. The stock’s market capitalization is $6.27 billion. The company’s 50-day moving average price is $7.98 and its 200 day moving average price is $8.39.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, August 18th will be issued a $0.065 dividend. The ex-dividend date is Wednesday, August 16th. This represents a dividend yield of 1.6%.
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About Pearson, PLC
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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