Pearson (NYSE:PSO) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a research note published on Saturday.

Several other analysts have also issued reports on the stock. Kepler Capital Markets upgraded shares of Pearson from a “reduce” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings downgraded Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Citigroup assumed coverage on Pearson in a report on Monday, January 12th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Pearson currently has an average rating of “Moderate Buy”.

Pearson Trading Down 3.2%

Shares of PSO stock opened at $12.74 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.94 and a current ratio of 2.00. Pearson has a 12-month low of $12.02 and a 12-month high of $16.67. The firm’s 50 day moving average is $12.85 and its 200 day moving average is $13.53.

Pearson Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.2346 per share. This represents a yield of 368.0%. The ex-dividend date of this dividend is Friday, March 20th.

Hedge Funds Weigh In On Pearson

A number of large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its holdings in Pearson by 952.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after purchasing an additional 1,590 shares during the period. Kestra Advisory Services LLC bought a new stake in Pearson during the 4th quarter valued at $35,000. Farther Finance Advisors LLC grew its stake in Pearson by 54.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Pearson in the fourth quarter worth $42,000. Finally, AlphaCore Capital LLC acquired a new position in Pearson during the 2nd quarter valued at about $70,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.