Pearson (NYSE:PSO) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a report published on Sunday.

A number of other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a research note on Monday, August 3rd. The Goldman Sachs Group lowered shares of Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Pearson Price Performance

Shares of PSO stock opened at $16.18 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50. Pearson has a fifty-two week low of $12.02 and a fifty-two week high of $17.75. The business’s 50 day moving average price is $16.15 and its 200-day moving average price is $14.51.

Pearson Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, September 21st. Investors of record on Friday, August 14th will be given a dividend of $0.1103 per share. The ex-dividend date is Friday, August 14th. This represents a dividend yield of 130.0%.

Hedge Funds Weigh In On Pearson

Institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its position in Pearson by 952.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after buying an additional 1,590 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Pearson in the 4th quarter worth about $35,000. Farther Finance Advisors LLC increased its stake in shares of Pearson by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Pearson during the 4th quarter valued at about $42,000. Finally, Royal Bank of Canada lifted its position in Pearson by 86.5% during the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares during the period. Institutional investors own 2.14% of the company’s stock.

Pearson Company Profile

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.