10,228 Shares in Pearson plc (NYSE:PSO) Purchased by National Wealth Management Group LLC

National Wealth Management Group LLC purchased a new position in shares of Pearson plc (NYSE:PSO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,228 shares of the company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ballentine Partners LLC boosted its holdings in Pearson by 6.5% in the 3rd quarter. Ballentine Partners LLC now owns 17,745 shares of the company’s stock valued at $187,000 after purchasing an additional 1,086 shares in the last quarter. First Affirmative Financial Network boosted its holdings in Pearson by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 16,519 shares of the company’s stock valued at $203,000 after purchasing an additional 1,328 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Pearson by 2.5% during the 3rd quarter. Natixis Advisors L.P. now owns 72,604 shares of the company’s stock valued at $765,000 after acquiring an additional 1,743 shares during the period. Signaturefd LLC lifted its position in shares of Pearson by 41.9% during the 3rd quarter. Signaturefd LLC now owns 13,880 shares of the company’s stock valued at $146,000 after acquiring an additional 4,098 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Pearson by 33.8% during the 4th quarter. Cerity Partners LLC now owns 16,751 shares of the company’s stock valued at $206,000 after acquiring an additional 4,229 shares during the period. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Pearson Trading Up 1.0 %

Shares of PSO stock traded up $0.12 during midday trading on Tuesday, reaching $12.64. 311,542 shares of the company traded hands, compared to its average volume of 386,185. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.67. Pearson plc has a 1-year low of $9.28 and a 1-year high of $13.18. The firm’s 50 day simple moving average is $12.62 and its two-hundred day simple moving average is $12.14.

Pearson Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 22nd will be given a dividend of $0.1987 per share. This is an increase from Pearson’s previous Semi-Annual dividend of $0.07. This represents a dividend yield of 2.2%. The ex-dividend date is Thursday, March 21st.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pearson currently has a consensus rating of “Moderate Buy” and an average target price of $1,056.67.

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.