Pearson (NYSE:PSO) Downgraded to “Hold” Rating by Wall Street Zen

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

A number of other analysts have also recently issued reports on the company. Weiss Ratings cut Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Citigroup initiated coverage on Pearson in a research report on Monday, January 12th. They set a “buy” rating for the company. Finally, Kepler Capital Markets upgraded Pearson from a “reduce” rating to a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Pearson presently has an average rating of “Moderate Buy”.

Pearson Trading Up 2.8%

Shares of PSO opened at $15.10 on Friday. The stock’s 50-day simple moving average is $13.43 and its 200 day simple moving average is $13.46. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. Pearson has a 52-week low of $12.02 and a 52-week high of $16.67.

Pearson Dividend Announcement

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

Institutional Trading of Pearson

Hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its position in Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after buying an additional 1,590 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Pearson in the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its position in 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 buying an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Pearson in the 4th quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC lifted its position in Pearson by 31.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,758 shares of the company’s stock worth $110,000 after buying an additional 1,874 shares during the last quarter. 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.